Morgan Stanley Boosts TransDigm Group (NYSE:TDG) Price Target to $1,550.00

TransDigm Group (NYSE:TDG - Get Free Report) had its price target lifted by research analysts at Morgan Stanley from $1,275.00 to $1,550.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an "overweight" rating on the aerospace company's stock. Morgan Stanley's target price points to a potential upside of 17.53% from the company's current price.

TDG has been the topic of several other research reports. Barclays upped their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an "overweight" rating in a research report on Monday, February 12th. KeyCorp lifted their price objective on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the company an "overweight" rating in a report on Monday, April 22nd. Robert W. Baird upped their target price on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an "outperform" rating in a research note on Wednesday. Wells Fargo & Company lifted their target price on TransDigm Group from $1,260.00 to $1,390.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Truist Financial increased their price target on TransDigm Group from $1,267.00 to $1,425.00 and gave the stock a "buy" rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,311.81.

TransDigm Group Stock Up 0.3 %

TDG traded up $3.86 during trading on Thursday, reaching $1,318.86. The company had a trading volume of 226,273 shares, compared to its average volume of 210,936. TransDigm Group has a 52 week low of $768.05 and a 52 week high of $1,330.38. The stock has a market cap of $73.34 billion, a P/E ratio of 55.98, a PEG ratio of 2.63 and a beta of 1.40. The business has a 50 day simple moving average of $1,222.89 and a 200-day simple moving average of $1,087.09.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, topping analysts' consensus estimates of $7.42 by $0.57. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The firm had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the previous year, the company earned $5.39 EPS. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, equities research analysts expect that TransDigm Group will post 29.08 EPS for the current fiscal year.

Insider Activity

In other TransDigm Group news, Director Michael Graff sold 3,460 shares of the firm's stock in a transaction on 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 transaction, the director now owns 4,879 shares in the company, valued at approximately $5,406,761.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Michael Graff sold 3,460 shares of the company's stock in a transaction that occurred on 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 sale, the director now directly owns 4,879 shares in the company, valued at $5,406,761.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $1,140.48, for a total value of $3,421,440.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,105,728. The disclosure for this sale can be found here. Insiders have sold a total of 59,087 shares of company stock worth $69,840,358 over the last 90 days. 4.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TransDigm Group

A number of institutional investors have recently made changes to their positions in the stock. Wedge Capital Management L L P NC grew its holdings in shares of TransDigm Group by 2,361.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company's stock valued at $79,909,000 after purchasing an additional 75,784 shares in the last quarter. Townsquare Capital LLC increased its stake in shares of TransDigm Group by 4.5% during the third quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company's stock worth $2,235,000 after buying an additional 114 shares during the period. Pacer Advisors Inc. increased its position in shares of TransDigm Group by 26.2% in the 4th quarter. Pacer Advisors Inc. now owns 5,727 shares of the aerospace company's stock valued at $5,793,000 after purchasing an additional 1,188 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of TransDigm Group by 14.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 7,404 shares of the aerospace company's stock worth $7,490,000 after purchasing an additional 962 shares in the last quarter. Finally, Chicago Capital LLC increased its holdings in TransDigm Group by 3.3% in the fourth quarter. Chicago Capital LLC now owns 48,317 shares of the aerospace company's stock valued at $48,877,000 after buying an additional 1,523 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.