TransDigm Group (NYSE:TDG) Given New $1,395.00 Price Target at Citigroup

TransDigm Group (NYSE:TDG - Get Free Report) had its price objective raised by analysts at Citigroup from $1,380.00 to $1,395.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a "buy" rating on the aerospace company's stock. Citigroup's target price would indicate a potential upside of 15.83% from the company's previous close.

Other equities analysts have also recently issued reports about the company. Barclays raised their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an "overweight" rating in a report on Monday, February 12th. Susquehanna raised their price objective on TransDigm Group from $875.00 to $1,100.00 and gave the company a "neutral" rating in a report on Friday, February 9th. StockNews.com cut TransDigm Group from a "buy" rating to a "hold" rating in a report on Monday. Royal Bank of Canada raised their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an "outperform" rating in a research report on Friday, February 9th. Finally, William Blair initiated coverage on TransDigm Group in a research report on Tuesday, December 12th. They set an "outperform" rating on the stock. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,137.73.

TransDigm Group Stock Performance

NYSE TDG traded down $24.15 during trading hours on Thursday, hitting $1,204.36. The company had a trading volume of 185,276 shares, compared to its average volume of 214,059. TransDigm Group has a 52 week low of $714.98 and a 52 week high of $1,246.22. The firm has a 50 day simple moving average of $1,166.98 and a 200 day simple moving average of $1,016.53. The firm has a market capitalization of $66.97 billion, a price-to-earnings ratio of 51.12, a PEG ratio of 2.45 and a beta of 1.42.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating the consensus estimate of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter last year, the firm posted $4.15 EPS. The company's revenue was up 28.1% compared to the same quarter last year. On average, research analysts forecast that TransDigm Group will post 29.03 earnings per share for the current year.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 38,863 shares of the firm's stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $1,015.05, for a total value of $39,447,888.15. Following the completion of the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $21,872,297.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Michael Lisman sold 8,000 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,195.01, for a total value of $9,560,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 38,863 shares of the firm's stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $1,015.05, for a total value of $39,447,888.15. Following the completion of the transaction, the director now owns 21,548 shares of the company's stock, valued at approximately $21,872,297.40. The disclosure for this sale can be found here. Insiders sold 91,480 shares of company stock valued at $100,102,829 in the last quarter. 4.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TransDigm Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda purchased a new position in shares of TransDigm Group during the 4th quarter valued at about $181,000. Newbridge Financial Services Group Inc. purchased a new position in shares of TransDigm Group during the 4th quarter valued at about $72,000. Nomura Holdings Inc. purchased a new position in shares of TransDigm Group during the 4th quarter valued at about $1,135,000. HighPoint Advisor Group LLC purchased a new position in shares of TransDigm Group during the 4th quarter valued at about $344,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of TransDigm Group by 39,600.0% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 5,558 shares of the aerospace company's stock valued at $5,622,000 after buying an additional 5,544 shares during the last quarter. Hedge funds and other 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.