TransDigm Group (NYSE:TDG) Price Target Increased to $1,518.00 by Analysts at The Goldman Sachs Group

TransDigm Group (NYSE:TDG - Free Report) had its target price lifted by The Goldman Sachs Group from $1,285.00 to $1,518.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the aerospace company's stock.

Several other analysts also recently commented on TDG. Barclays increased their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an overweight rating in a research note on Monday, February 12th. Stifel Nicolaus raised their price target on TransDigm Group from $1,000.00 to $1,050.00 and gave the stock a hold rating in a research note on Tuesday, January 23rd. Truist Financial raised their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a buy rating in a research note on Friday, February 9th. Citigroup raised their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a buy rating in a research note on Thursday, April 4th. Finally, 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 note on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $1,153.27.

TransDigm Group Stock Up 1.2 %

Shares of NYSE:TDG traded up $14.30 during trading on Tuesday, hitting $1,221.80. The stock had a trading volume of 155,243 shares, compared to its average volume of 208,265. TransDigm Group has a 12 month low of $741.74 and a 12 month high of $1,248.39. The company has a market capitalization of $67.94 billion, a PE ratio of 51.59, a PEG ratio of 2.49 and a beta of 1.42. The firm's fifty day moving average is $1,186.50 and its 200 day moving average is $1,038.41.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the company earned $4.15 EPS. The firm's revenue for the quarter was up 28.1% on a year-over-year basis. Equities research analysts expect that TransDigm Group will post 29.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $1,172.26, for a total value of $3,516,780.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,220,136. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $1,172.26, for a total value of $3,516,780.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,220,136. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Graff sold 3,460 shares of TransDigm Group stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the completion of the transaction, the director now owns 4,879 shares of the company's stock, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,087 shares of company stock worth $53,979,458. Corporate insiders own 4.96% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TDG. Private Advisor Group LLC boosted its position in shares of TransDigm Group by 23.4% during the first quarter. Private Advisor Group LLC now owns 964 shares of the aerospace company's stock valued at $628,000 after buying an additional 183 shares during the period. Acadian Asset Management LLC boosted its position in shares of TransDigm Group by 66.7% during the first quarter. Acadian Asset Management LLC now owns 800 shares of the aerospace company's stock valued at $519,000 after buying an additional 320 shares during the period. Panagora Asset Management Inc. boosted its position in shares of TransDigm Group by 99.1% during the first quarter. Panagora Asset Management Inc. now owns 2,337 shares of the aerospace company's stock valued at $1,523,000 after buying an additional 1,163 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of TransDigm Group by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company's stock valued at $103,790,000 after purchasing an additional 1,132 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of TransDigm Group by 7.3% in the first quarter. Sei Investments Co. now owns 29,629 shares of the aerospace company's stock valued at $19,373,000 after purchasing an additional 2,020 shares during the period. 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.