Stifel Nicolaus Increases TransDigm Group (NYSE:TDG) Price Target to $1,200.00

TransDigm Group (NYSE:TDG - Get Free Report) had its target price increased by equities researchers at Stifel Nicolaus from $1,100.00 to $1,200.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a "hold" rating on the aerospace company's stock. Stifel Nicolaus' price objective would indicate a potential downside of 2.10% from the company's previous close.

Several other equities research analysts also recently commented on TDG. Royal Bank of Canada upped their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an "outperform" rating in a report on Friday, February 9th. KeyCorp upped their price objective on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the company an "overweight" rating in a report on Thursday, February 15th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Tuesday, April 9th. Barclays upped their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an "overweight" rating in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a "neutral" rating in a report on Wednesday, March 27th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,163.27.

TransDigm Group Trading Up 0.2 %

Shares of NYSE:TDG traded up $2.55 during midday trading on Wednesday, reaching $1,225.70. The company had a trading volume of 146,275 shares, compared to its average volume of 207,478. The company's 50 day moving average price is $1,188.11 and its 200 day moving average price is $1,041.08. The stock has a market cap of $68.16 billion, a P/E ratio of 51.87, a P/E/G ratio of 2.46 and a beta of 1.42. TransDigm Group has a 52-week low of $741.74 and a 52-week high of $1,248.39.

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

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 2,391 shares of the company's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the transaction, the director now directly owns 21,549 shares in the company, valued at $25,008,691.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director W Nicholas Howley sold 2,391 shares of the company's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the transaction, the director now directly owns 21,549 shares in the company, valued at $25,008,691.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jorge Valladares sold 578 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $1,180.00, for a total transaction of $682,040.00. Following the transaction, the director now owns 11,000 shares in the company, valued at $12,980,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,087 shares of company stock worth $69,840,358. Insiders own 4.96% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Compagnie Lombard Odier SCmA bought a new position in TransDigm Group during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. bought a new position in shares of TransDigm Group in the fourth quarter worth approximately $26,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of TransDigm Group in the third quarter worth approximately $27,000. Resurgent Financial Advisors LLC bought a new position in shares of TransDigm Group in the fourth quarter worth approximately $30,000. Finally, Optiver Holding B.V. bought a new position in shares of TransDigm Group in the third quarter worth approximately $35,000. 95.78% of the stock is currently owned by institutional investors.

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.