Transdigm Group (NYSE:TDG) Price Target Raised to $1,405.00

Transdigm Group (NYSE:TDG) had its target price raised by Morgan Stanley from $1,300.00 to $1,405.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the aerospace company’s stock.

Several other brokerages have also issued reports on TDG. TD Cowen lifted their price target on Transdigm Group from $1,300.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Wednesday. Guggenheim started coverage on Transdigm Group in a research report on Tuesday, September 15th. They set a “neutral” rating on the stock. Royal Bank Of Canada raised their price objective on Transdigm Group from $1,200.00 to $1,300.00 and gave the company a “sector perform” rating in a report on Wednesday. Melius Research downgraded Transdigm Group from a “buy” rating to a “hold” rating and set a $1,331.00 target price for the company. in a research report on Monday, September 14th. Finally, Stifel Nicolaus downgraded Transdigm Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,525.00 to $1,405.00 in a research report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1,431.13.

Transdigm Group Stock Performance

Transdigm Group stock opened at $1,215.81 on Wednesday. Transdigm Group has a fifty-two week low of $1,071.25 and a fifty-two week high of $1,463.03. The stock has a market cap of $66.37 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98. The firm’s fifty day moving average price is $1,135.80 and its 200-day moving average price is $1,217.95.

Transdigm Group (NYSE:TDG) last announced its earnings results on Tuesday, November 10th. The aerospace company reported $12.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.21 by $0.23. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.95 billion. Transdigm Group had a net margin of 19.94% and a negative return on equity of 24.14%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business earned $10.82 earnings per share. Transdigm Group has set its FY 2027 guidance at 47.090-47.940 EPS. On average, analysts predict that Transdigm Group will post 44.94 earnings per share for the current year.

Insider Activity at Transdigm Group

In other news, Director W. Howley sold 10,132 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the transaction, the director directly owned 21,548 shares of the company’s stock, valued at approximately $26,639,361.44. The trade was a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joel Reiss sold 4,100 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $1,128.04, for a total value of $4,624,964.00. Following the transaction, the chief operating officer owned 3,600 shares of the company’s stock, valued at approximately $4,060,944. This represents a 53.25% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 22,032 shares of company stock valued at $26,250,979. Company insiders own 3.20% of the company’s stock.

Institutional Trading of Transdigm Group

Several large investors have recently added to or reduced their stakes in TDG. Burkett Financial Services LLC purchased a new position in Transdigm Group during the 2nd quarter valued at $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Transdigm Group in the 2nd quarter worth about $31,000. Trust Co. of Vermont bought a new stake in shares of Transdigm Group during the 2nd quarter valued at about $33,000. Western Wealth Management LLC bought a new stake in shares of Transdigm Group during the 1st quarter valued at about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of Transdigm Group by 100.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 28 shares of the aerospace company’s stock valued at $30,000 after buying an additional 14 shares during the period. Institutional investors own 95.78% of the company’s stock.

Transdigm Group Company Profile

TransDigm Group Incorporated designs, produces and supplies highly engineered components for the aerospace industry. Its products include mechanical and electromechanical systems, pumps, valves, ignition systems, batteries, power-conditioning devices and cockpit components. The company serves commercial, military and business aviation markets, supplying components for both original aircraft production and the aftermarket. Its products are used on aircraft operated around the world, and its aftermarket business provides replacement parts and related support.