TransDigm Group (NYSE:TDG) PT Raised to $1,500.00

TransDigm Group (NYSE:TDG - Free Report) had its price target upped by Barclays from $1,250.00 to $1,500.00 in a report released on Monday morning, Benzinga reports. The firm currently has an overweight rating on the aerospace company's stock.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company raised their target price on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the company an equal weight rating in a research note on Wednesday, May 8th. Susquehanna raised their target price on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a neutral rating in a research note on Wednesday, May 8th. Citigroup raised their target price on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a buy rating in a research note on Thursday, April 4th. Robert W. Baird raised their price objective on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an outperform rating in a research report on Wednesday, May 8th. Finally, TD Cowen raised their price objective on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a buy rating in a research report on Wednesday, May 8th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, TransDigm Group presently has an average rating of Moderate Buy and a consensus price target of $1,327.44.

TransDigm Group Trading Down 2.3 %

Shares of TransDigm Group stock traded down $29.93 during trading hours on Monday, reaching $1,280.56. 245,926 shares of the company's stock were exchanged, compared to its average volume of 211,401. The company has a 50 day moving average of $1,225.44 and a two-hundred day moving average of $1,094.20. TransDigm Group has a fifty-two week low of $768.05 and a fifty-two week high of $1,330.82. The stock has a market cap of $71.66 billion, a P/E ratio of 51.04, a P/E/G ratio of 2.67 and a beta of 1.40.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $5.39 EPS. TransDigm Group's revenue was up 20.5% on a year-over-year basis. As a group, analysts expect that TransDigm Group will post 29.08 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, Director Michael Graff sold 3,460 shares of the firm's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the transaction, the director now directly owns 4,879 shares of the company's stock, valued at $5,406,761.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director W Nicholas Howley sold 2,391 shares of TransDigm Group 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 of the company's stock, valued at $25,008,691.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Graff sold 3,460 shares of TransDigm Group stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the completion of the transaction, the director now directly owns 4,879 shares in the company, valued at $5,406,761.43. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 11 shares of company stock valued at $5,950 and have sold 59,285 shares valued at $70,100,784. Insiders own 4.96% of the company's stock.

Institutional Trading of TransDigm Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Compagnie Lombard Odier SCmA bought a new stake in shares of TransDigm Group during the fourth quarter worth $25,000. ORG Partners LLC bought a new stake in shares of TransDigm Group during the first quarter worth $30,000. Oakworth Capital Inc. bought a new stake in shares of TransDigm Group during the fourth quarter worth $26,000. Central Pacific Bank Trust Division bought a new stake in shares of TransDigm Group during the first quarter worth $39,000. Finally, Oliver Lagore Vanvalin Investment Group grew its stake in shares of TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company's stock worth $38,000 after buying an additional 12 shares during the last quarter. 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.