Transdigm Group (NYSE:TDG) Price Target Raised to $1,839.00

Key Points

• UBS Group has raised the price target for Transdigm Group's stock from $1,815.00 to $1,839.00, indicating a potential upside of 30.60% from the previous close.
• The stock of Transdigm Group is currently rated as a "Moderate Buy" by analysts, with twelve firms assigning a buy rating and four issuing a hold rating.
• Transdigm Group reported a quarterly EPS of $9.60, which was below the consensus estimate, while year-over-year revenue increased by 9.3%.

Transdigm Group (NYSE:TDG - Get Free Report) had its price target upped by research analysts at UBS Group from $1,815.00 to $1,839.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the aerospace company's stock. UBS Group's price objective points to a potential upside of 30.60% from the stock's previous close.

A number of other equities analysts have also issued reports on TDG. Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a report on Wednesday, April 9th. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. The Goldman Sachs Group raised their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a report on Monday, June 23rd. KeyCorp lifted 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 research report on Wednesday, July 2nd. Finally, Morgan Stanley upped their target price on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Transdigm Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,619.40.

Transdigm Group Stock Up 0.5%

TDG traded up $6.86 during trading on Thursday, reaching $1,408.08. The company's stock had a trading volume of 257,463 shares, compared to its average volume of 284,849. The firm has a fifty day simple moving average of $1,509.60 and a two-hundred day simple moving average of $1,409.75. The company has a market cap of $79.09 billion, a price-to-earnings ratio of 46.73, a PEG ratio of 2.86 and a beta of 1.07. Transdigm Group has a 1 year low of $1,183.60 and a 1 year high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.15). The company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. Transdigm Group had a negative return on equity of 35.26% and a net margin of 20.98%. Transdigm Group's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $9.00 EPS. As a group, equities analysts forecast that Transdigm Group will post 35.13 EPS for the current fiscal year.

Insider Activity

In related news, CFO Sarah Wynne sold 3,200 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $1,452.15, for a total value of $4,646,880.00. Following the sale, the chief financial officer directly owned 3,400 shares of the company's stock, valued at $4,937,310. This trade represents a 48.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the completion of the sale, the director owned 21,548 shares of the company's stock, valued at $33,827,343.28. The trade was a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,872 shares of company stock worth $100,747,061. Insiders own 4.09% of the company's stock.

Hedge Funds Weigh In On Transdigm Group

Several institutional investors have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. purchased a new position in shares of Transdigm Group in the first quarter worth about $387,000. Dynamic Advisor Solutions LLC purchased a new stake in Transdigm Group in the first quarter worth approximately $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Transdigm Group by 4.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock worth $11,970,000 after purchasing an additional 380 shares during the last quarter. Mutual Advisors LLC purchased a new stake in Transdigm Group during the 1st quarter valued at about $263,000. Finally, Paragon Advisors LLC increased its stake in Transdigm Group by 14.2% in the 1st quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company's stock worth $2,490,000 after purchasing an additional 224 shares during the period. Institutional investors own 95.78% of the company's stock.

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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