Transdigm Group (NYSE:TDG) Now Covered by Stifel Nicolaus

Analysts at Stifel Nicolaus initiated coverage on shares of Transdigm Group (NYSE:TDG - Get Free Report) in a note issued to investors on Tuesday. The brokerage set a "buy" rating and a $1,710.00 price target on the aerospace company's stock. Stifel Nicolaus' price objective suggests a potential upside of 16.17% from the company's current price.

TDG has been the topic of a number of other research reports. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Truist Financial cut their target price on Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Susquehanna boosted their target price on Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company increased their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, UBS Group boosted their price objective on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Transdigm Group has an average rating of "Moderate Buy" and a consensus price target of $1,532.47.

Transdigm Group Stock Up 2.0%

Transdigm Group stock opened at $1,471.93 on Tuesday. The business's 50-day simple moving average is $1,414.01 and its 200 day simple moving average is $1,351.13. The stock has a market cap of $82.67 billion, a price-to-earnings ratio of 49.69, a P/E/G ratio of 3.08 and a beta of 1.05. Transdigm Group has a 12-month low of $1,176.31 and a 12-month high of $1,488.54.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $7.99 EPS. As a group, sell-side analysts expect that Transdigm Group will post 35.13 EPS for the current year.

Insider Buying and Selling at Transdigm Group

In other news, COO Joel Reiss sold 3,300 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,758,480. This trade represents a 47.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of Transdigm Group stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $1,346.30, for a total transaction of $7,366,953.60. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $29,010,072.40. This trade represents a 20.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 142,149 shares of company stock valued at $202,651,767 in the last 90 days. 4.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Transdigm Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bruce G. Allen Investments LLC grew its holdings in shares of Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 10 shares in the last quarter. Winch Advisory Services LLC boosted its position in Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 7 shares during the last quarter. Saudi Central Bank bought a new position in Transdigm Group in the first quarter valued at approximately $30,000. Capital Advisors Ltd. LLC increased its position in shares of Transdigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after purchasing an additional 16 shares during the last quarter. Finally, Park Square Financial Group LLC bought a new stake in shares of Transdigm Group during the 4th quarter worth approximately $32,000. 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.

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