Susquehanna Forecasts Strong Price Appreciation for Transdigm Group (NYSE:TDG) Stock

Transdigm Group (NYSE:TDG - Get Free Report) had its price target increased by equities research analysts at Susquehanna from $1,300.00 to $1,600.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the aerospace company's stock. Susquehanna's price target would indicate a potential upside of 1.64% from the company's previous close.

Several other research analysts have also recently commented on the stock. Wells Fargo & Company upped their target price on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Stifel Nicolaus assumed coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price target on the stock. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. KeyCorp raised their target price on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Finally, Truist Financial lifted their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Transdigm Group has a consensus rating of "Moderate Buy" and an average target price of $1,594.80.

Transdigm Group Stock Performance

Shares of TDG stock traded up $31.17 during trading hours on Monday, hitting $1,574.21. 191,933 shares of the company were exchanged, compared to its average volume of 277,395. The business's 50-day simple moving average is $1,453.53 and its two-hundred day simple moving average is $1,374.70. Transdigm Group has a one year low of $1,176.31 and a one year high of $1,574.85. The stock has a market capitalization of $88.42 billion, a price-to-earnings ratio of 53.15, a P/E/G ratio of 3.12 and a beta of 1.04.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The company's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $7.99 EPS. As a group, analysts anticipate that Transdigm Group will post 35.13 EPS for the current fiscal year.

Insider Activity at Transdigm Group

In related news, Director Robert J. Small sold 45,700 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the transaction, the director directly owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. This trade represents a 34.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sarah Wynne sold 1,800 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the sale, the chief financial officer directly owned 3,400 shares of the company's stock, valued at $4,930,000. The trade was a 34.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,149 shares of company stock worth $176,059,567 in the last 90 days. Insiders own 4.09% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vontobel Holding Ltd. acquired a new stake in shares of Transdigm Group in the first quarter valued at about $387,000. Dynamic Advisor Solutions LLC bought a new stake in Transdigm Group during the 1st quarter valued at approximately $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Transdigm Group by 4.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock valued at $11,970,000 after buying an additional 380 shares during the last quarter. Mutual Advisors LLC bought a new position in Transdigm Group in the 1st quarter worth approximately $263,000. Finally, Baskin Financial Services Inc. lifted its holdings in shares of Transdigm Group by 1.3% during the first quarter. Baskin Financial Services Inc. now owns 22,638 shares of the aerospace company's stock worth $31,315,000 after buying an additional 280 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.