Transdigm Group (NYSE:TDG) Price Target Raised to $1,795.00 at Citigroup

Transdigm Group (NYSE:TDG - Get Free Report) had its target price raised by stock analysts at Citigroup from $1,635.00 to $1,795.00 in a report released on Monday,Benzinga reports. The firm presently has a "buy" rating on the aerospace company's stock. Citigroup's price target indicates a potential upside of 14.03% from the stock's previous close.

Other analysts have also recently issued research reports about the company. Truist Financial increased their target price on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research report on Friday. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Susquehanna boosted their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research note on Monday. Stifel Nicolaus initiated coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective for the company. Finally, KeyCorp raised their price objective on Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,594.80.

Transdigm Group Stock Up 2.0%

NYSE:TDG traded up $31.17 during midday trading on Monday, hitting $1,574.21. The stock had a trading volume of 191,933 shares, compared to its average volume of 260,947. Transdigm Group has a one year low of $1,176.31 and a one year high of $1,574.85. The company has a market capitalization of $88.42 billion, a price-to-earnings ratio of 53.15, a PEG ratio of 3.12 and a beta of 1.04. The stock has a 50-day moving average of $1,455.52 and a 200 day moving average of $1,376.68.

Transdigm Group (NYSE:TDG - Get Free Report) last announced 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 business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The business'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. On average, sell-side analysts anticipate that Transdigm Group will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Transdigm Group news, COO Joel Reiss sold 3,300 shares of Transdigm Group stock in a transaction dated Monday, April 21st. The stock was 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 owned 3,600 shares in the company, valued at approximately $4,758,480. This trade represents a 47.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert J. Small sold 45,700 shares of Transdigm Group stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the transaction, the director owned 88,419 shares of the company's stock, valued at $125,997,959.19. The trade was a 34.07% 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 over the last three months. Corporate insiders own 4.09% of the company's stock.

Hedge Funds Weigh In On Transdigm Group

Institutional investors have recently modified their holdings of the stock. Bruce G. Allen Investments LLC raised its stake in shares of Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after buying an additional 10 shares during the last quarter. Winch Advisory Services LLC grew its position in shares of Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 7 shares during the period. Saudi Central Bank acquired a new stake in shares of Transdigm Group during the 1st quarter valued at about $30,000. Park Square Financial Group LLC acquired a new stake in shares of Transdigm Group during the 4th quarter valued at about $32,000. Finally, Meeder Asset Management Inc. grew its position in shares of Transdigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 21 shares during the period. Hedge funds and other 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.