TD Cowen Cuts Transdigm Group (NYSE:TDG) Price Target to $1,300.00

Key Points

• TD Cowen lowered TransDigm’s price target from $1,450 to $1,300 while maintaining a “buy” rating, implying approximately 17.9% upside from the prior close.
• Analyst sentiment is mixed: five analysts rate the stock a Buy and 13 rate it a Hold, producing an overall “Hold” consensus and a higher average price target of $1,434.87.
• TransDigm reported strong quarterly results, with EPS of $10.87 beating estimates and revenue rising 22.5% year over year, although insiders sold about $33.9 million of stock in the latest quarter.

Transdigm Group (NYSE:TDG - Get Free Report) had its target price decreased by equities research analysts at TD Cowen from $1,450.00 to $1,300.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the aerospace company's stock. TD Cowen's target price would indicate a potential upside of 17.91% from the stock's previous close.

TDG has been the topic of a number of other reports. Wells Fargo & Company dropped their price objective on shares of Transdigm Group from $1,450.00 to $1,210.00 and set an "equal weight" rating on the stock in a report on Wednesday, September 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Transdigm Group in a research report on Friday, August 28th. Melius Research reissued a "hold" rating and issued a $1,331.00 price objective on shares of Transdigm Group in a research report on Monday, September 14th. Wall Street Zen lowered shares of Transdigm Group from a "buy" rating to a "hold" rating in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. cut their target price on Transdigm Group from $1,450.00 to $1,415.00 and set a "neutral" rating for the company in a research note on Thursday, September 17th. Five equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $1,434.87.

Transdigm Group Stock Performance

TDG traded up $13.28 during midday trading on Friday, reaching $1,102.58. 45,603 shares of the company were exchanged, compared to its average volume of 393,059. The stock has a market capitalization of $61.67 billion, a P/E ratio of 33.47, a PEG ratio of 1.55 and a beta of 0.96. The stock's 50-day simple moving average is $1,162.95 and its 200 day simple moving average is $1,208.58. Transdigm Group has a one year low of $1,071.25 and a one year high of $1,463.03.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share for the quarter, topping the consensus estimate of $10.30 by $0.57. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the business posted $9.60 earnings per share. The business's revenue for the quarter was up 22.5% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. On average, research analysts anticipate that Transdigm Group will post 38.87 earnings per share for the current year.

Insider Buying and Selling at Transdigm Group

In related news, Director W. Howley sold 10,132 shares of the business's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the transaction, the director owned 21,548 shares in the company, valued at $26,639,361.44. The trade was a 31.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,900 shares of the business's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $1,094.58, for a total value of $4,268,862.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares of the company's stock, valued at $3,940,488. The trade was a 52.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,064 shares of company stock valued at $33,947,338 in the last quarter. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Transdigm Group

Large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Transdigm Group in the 2nd quarter valued at about $6,489,039,000. Stockbridge Partners LLC bought a new position in Transdigm Group during the second quarter worth about $578,480,000. Primecap Management Co. CA purchased a new stake in shares of Transdigm Group during the 2nd quarter valued at approximately $546,425,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Transdigm Group during the second quarter worth $522,754,000. Finally, Bank of New York Mellon Corp purchased a new stake in Transdigm Group during the 2nd quarter worth about $424,587,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Company Profile

TransDigm Group Incorporated is an aerospace manufacturing company that designs, produces and supplies highly engineered aircraft components, systems and related products. Its offerings include engine and airframe components, ignition systems, pumps, valves, cockpit and cabin equipment, data and control systems, and other specialized products used on commercial, business, general aviation and military aircraft.

The company serves both original equipment manufacturers and the aftermarket.

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