JPMorgan Chase & Co. Cuts Transdigm Group (NYSE:TDG) Price Target to $1,415.00

Transdigm Group (NYSE:TDG) had its price objective cut by JPMorgan Chase & Co. from $1,450.00 to $1,415.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the aerospace company’s stock.

A number of other brokerages have also issued reports on TDG. Morgan Stanley lowered shares of Transdigm Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $1,680.00 to $1,345.00 in a report on Wednesday, July 15th. Melius Research reaffirmed a “hold” rating and set a $1,331.00 target price on shares of Transdigm Group in a research note on Monday, September 14th. Wall Street Zen lowered shares of Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Stifel Nicolaus reissued a “hold” rating and issued a $1,405.00 price target (down from $1,525.00) on shares of Transdigm Group in a research note on Wednesday, August 5th. Finally, BMO Capital Markets raised their price target on shares of Transdigm Group from $1,450.00 to $1,525.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Five research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $1,452.53.

Transdigm Group Stock Performance

NYSE:TDG opened at $1,085.80 on Thursday. Transdigm Group has a one year low of $1,071.25 and a one year high of $1,463.03. The stock has a market cap of $60.73 billion, a PE ratio of 32.94, a P/E/G ratio of 1.80 and a beta of 0.91. The stock has a 50 day moving average price of $1,200.76 and a 200 day moving average price of $1,224.06.

Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.30 by $0.57. Transdigm Group had a negative return on equity of 23.65% and a net margin of 19.69%.The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the prior year, the business earned $9.60 EPS. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. As a group, analysts predict that Transdigm Group will post 38.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Transdigm Group news, Director W. Howley sold 10,132 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the transaction, the director owned 21,548 shares of the company’s stock, valued at $26,639,361.44. This represents a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,900 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $1,094.58, for a total transaction of $4,268,862.00. Following the transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $3,940,488. This trade represents a 52.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 28,064 shares of company stock valued at $33,947,338. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Transdigm Group

Hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its position in shares of Transdigm Group by 106.4% during the second quarter. The Manufacturers Life Insurance Company now owns 392,447 shares of the aerospace company’s stock worth $522,754,000 after buying an additional 202,300 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Transdigm Group by 3.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,803 shares of the aerospace company’s stock valued at $9,062,000 after buying an additional 206 shares during the period. National Pension Service lifted its stake in Transdigm Group by 3.8% during the 2nd quarter. National Pension Service now owns 135,233 shares of the aerospace company’s stock worth $180,136,000 after acquiring an additional 4,924 shares in the last quarter. WINTON GROUP Ltd lifted its stake in Transdigm Group by 28.1% during the 2nd quarter. WINTON GROUP Ltd now owns 9,180 shares of the aerospace company’s stock worth $12,228,000 after acquiring an additional 2,015 shares in the last quarter. Finally, Cidel Asset Management Inc. purchased a new position in Transdigm Group during the 2nd quarter valued at about $208,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Transdigm Group Company Profile

TransDigm Group Incorporated (NYSE: TDG) designs, produces and supplies aircraft components, systems and related aftermarket services. The company focuses primarily on proprietary aerospace products, including mechanical and electromechanical actuators, ignition systems, pumps, valves, sensors, cockpit and data-acquisition systems, power-conditioning equipment, lighting, lavatory components, seat belts and cargo-loading systems.

TransDigm serves commercial and regional airlines, business and general aviation operators, aircraft manufacturers and military customers.