Transdigm Group (NYSE:TDG) Price Target Raised to $1,709.00 at The Goldman Sachs Group

Transdigm Group (NYSE:TDG - Get Free Report) had its price objective upped by The Goldman Sachs Group from $1,526.00 to $1,709.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the aerospace company's stock. The Goldman Sachs Group's price objective suggests a potential upside of 17.27% from the stock's current price.

A number of other equities research analysts have also recently weighed in on the company. Wells Fargo & Company upped their price target on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Truist Financial cut their price objective on Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Northcoast Research upgraded Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a report on Wednesday, April 9th. Finally, Susquehanna boosted their price target on Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,519.79.

Transdigm Group Stock Performance

Transdigm Group stock traded up $14.83 during trading hours on Monday, reaching $1,457.27. 82,621 shares of the stock were exchanged, compared to its average volume of 264,156. The stock has a market cap of $81.85 billion, a P/E ratio of 49.20, a P/E/G ratio of 3.08 and a beta of 1.05. The firm's 50 day moving average is $1,411.26 and its 200 day moving average is $1,349.77. Transdigm Group has a 52-week low of $1,176.31 and a 52-week high of $1,488.54.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the company earned $7.99 EPS. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts expect that Transdigm Group will post 35.13 EPS for the current fiscal year.

Insider Activity at Transdigm Group

In other news, COO Joel Reiss sold 3,300 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,758,480. This represents a 47.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $1,346.30, for a total value of $7,366,953.60. Following the completion of the transaction, the director now directly 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. Over the last 90 days, insiders have sold 142,149 shares of company stock worth $202,651,767. 4.09% of the stock is owned by insiders.

Hedge Funds Weigh In On Transdigm Group

Several institutional investors have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. increased its stake in shares of Transdigm Group by 5.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 729 shares of the aerospace company's stock valued at $924,000 after acquiring an additional 35 shares during the period. Private Advisor Group LLC lifted its holdings in Transdigm Group by 16.0% in the 4th quarter. Private Advisor Group LLC now owns 2,026 shares of the aerospace company's stock valued at $2,567,000 after acquiring an additional 279 shares during the last quarter. Wealthspire Advisors LLC boosted its position in shares of Transdigm Group by 25.0% during the 4th quarter. Wealthspire Advisors LLC now owns 180 shares of the aerospace company's stock valued at $228,000 after purchasing an additional 36 shares in the last quarter. Howard Capital Management Inc. grew its stake in shares of Transdigm Group by 3.4% in the 4th quarter. Howard Capital Management Inc. now owns 276 shares of the aerospace company's stock worth $350,000 after purchasing an additional 9 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Transdigm Group by 200.0% in 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 in the last quarter. 95.78% of the stock is 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.

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