Transdigm Group (NYSE:TDG) Price Target Raised to $1,660.00 at Morgan Stanley

Transdigm Group (NYSE:TDG) had its target price lifted by equities researchers at Morgan Stanley from $1,600.00 to $1,660.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. Morgan Stanley’s target price points to a potential upside of 24.21% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Zacks Research downgraded shares of Transdigm Group from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. UBS Group upped their target price on Transdigm Group from $1,738.00 to $1,798.00 and gave the stock a “buy” rating in a report on Thursday. Truist Financial decreased their price target on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating for the company in a research note on Wednesday, October 15th. Stifel Nicolaus lowered their price target on Transdigm Group from $1,710.00 to $1,650.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group cut their price objective on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Twelve analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,563.88.

Transdigm Group Price Performance

NYSE:TDG traded up $11.42 during trading hours on Friday, reaching $1,336.46. 137,042 shares of the stock were exchanged, compared to its average volume of 299,130. The stock has a market cap of $75.31 billion, a PE ratio of 44.42, a PEG ratio of 3.25 and a beta of 1.02. Transdigm Group has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The firm has a 50 day moving average of $1,295.86 and a 200 day moving average of $1,402.99.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings data on Wednesday, November 12th. The aerospace company reported $10.82 EPS for the quarter, topping analysts’ consensus estimates of $10.33 by $0.49. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the firm posted $9.83 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 36.490-38.530 EPS. Equities research analysts anticipate that Transdigm Group will post 35.13 earnings per share for the current year.

Insider Activity

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $1,298.87, for a total transaction of $3,553,708.32. Following the completion of the transaction, the director owned 21,548 shares of the company’s stock, valued at approximately $27,988,050.76. The trade was a 11.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin M. Stein sold 700 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $1,360.00, for a total transaction of $952,000.00. Following the completion of the transaction, the director directly owned 8,158 shares of the company’s stock, valued at $11,094,880. This trade represents a 7.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 22,802 shares of company stock valued at $29,917,993. Company insiders own 4.09% of the company’s stock.

Hedge Funds Weigh In On Transdigm Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDG. Norges Bank acquired a new stake in shares of Transdigm Group during the second quarter valued at about $1,275,035,000. Principal Financial Group Inc. raised its holdings in Transdigm Group by 18.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,379,816 shares of the aerospace company’s stock valued at $3,136,719,000 after buying an additional 367,756 shares during the last quarter. Vanguard Group Inc. boosted its position in Transdigm Group by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,693,889 shares of the aerospace company’s stock worth $10,178,995,000 after buying an additional 333,965 shares during the period. Franklin Resources Inc. grew its holdings in Transdigm Group by 161.7% during the 3rd quarter. Franklin Resources Inc. now owns 475,489 shares of the aerospace company’s stock worth $626,704,000 after acquiring an additional 293,821 shares during the last quarter. Finally, Capital International Investors increased its position in Transdigm Group by 4.1% in the 3rd quarter. Capital International Investors now owns 6,489,193 shares of the aerospace company’s stock valued at $8,552,028,000 after acquiring an additional 254,750 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 aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.