Transdigm Group (NYSE:TDG) Stock Price Expected to Rise, KeyCorp Analyst Says

Transdigm Group (NYSE:TDG - Get Free Report) had its target price raised by analysts at KeyCorp from $1,500.00 to $1,700.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the aerospace company's stock. KeyCorp's target price indicates a potential upside of 11.64% from the stock's current price.

A number of other brokerages have also issued reports on TDG. Wells Fargo & Company increased their price target on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. UBS Group raised their target price on Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Susquehanna boosted their price target on shares of Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Northcoast Research raised shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Transdigm Group currently has an average rating of "Moderate Buy" and a consensus price target of $1,545.80.

Transdigm Group Price Performance

Shares of NYSE TDG traded up $11.04 during midday trading on Wednesday, reaching $1,522.69. 85,248 shares of the company traded hands, compared to its average volume of 261,402. The stock has a 50-day moving average price of $1,442.36 and a 200 day moving average price of $1,364.77. The company has a market cap of $85.53 billion, a price-to-earnings ratio of 51.41, a PEG ratio of 3.25 and a beta of 1.04. Transdigm Group has a 52 week low of $1,176.31 and a 52 week high of $1,528.45.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. Transdigm Group's revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $7.99 EPS. As a group, analysts expect that Transdigm Group will post 35.13 EPS for the current year.

Insider Activity

In other Transdigm Group news, Director Sean P. Hennessy sold 4,700 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the completion of the sale, the director directly owned 33,713 shares in the company, valued at approximately $48,429,398.76. This trade represents a 12.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 49,241 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the completion of the transaction, the director owned 21,548 shares in the company, valued at $31,801,615.80. This represents a 69.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 142,149 shares of company stock valued at $202,651,767 in the last ninety days. Corporate insiders own 4.09% of the company's stock.

Institutional Investors Weigh In On Transdigm Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDG. Doliver Advisors LP increased its stake in shares of Transdigm Group by 33.0% in the second quarter. Doliver Advisors LP now owns 589 shares of the aerospace company's stock worth $896,000 after acquiring an additional 146 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new position in Transdigm Group in the 1st quarter worth about $3,125,000. Strs Ohio purchased a new stake in shares of Transdigm Group during the 1st quarter worth about $80,476,000. Advisors Capital Management LLC purchased a new stake in shares of Transdigm Group during the 1st quarter worth about $271,000. Finally, Iron Gate Global Advisors LLC acquired a new stake in shares of Transdigm Group during the 1st quarter valued at about $216,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

About Transdigm Group

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.