Transdigm Group (NYSE:TDG) Price Target Raised to $1,750.00

Transdigm Group (NYSE:TDG - Free Report) had its target price raised by Morgan Stanley from $1,575.00 to $1,750.00 in a research note issued to investors on Thursday,Benzinga reports. Morgan Stanley currently has an overweight rating on the aerospace company's stock.

TDG has been the subject of several other research reports. The Goldman Sachs Group upped their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. UBS Group boosted their price target on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Northcoast Research upgraded Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a research note on Wednesday, April 9th. Finally, Citigroup boosted their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating and twelve have issued 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 an average target price of $1,606.47.

Transdigm Group Stock Up 1.3%

Shares of NYSE TDG traded up $20.82 on Thursday, hitting $1,595.42. The company had a trading volume of 207,786 shares, compared to its average volume of 261,489. Transdigm Group has a 12-month low of $1,176.31 and a 12-month high of $1,596.18. The business has a 50 day moving average of $1,463.01 and a two-hundred day moving average of $1,379.42. The firm has a market capitalization of $89.61 billion, a P/E ratio of 53.86, a PEG ratio of 3.18 and a beta of 1.04.

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 for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the business earned $7.99 earnings per share. The company's revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Transdigm Group will post 35.13 earnings per share for the current year.

Insider Activity

In other Transdigm Group news, 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 transaction of $2,610,000.00. Following the sale, the chief financial officer owned 3,400 shares in the company, valued at $4,930,000. This represents a 34.62% decrease in their ownership of the stock. The sale 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 company's stock in a transaction that occurred 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 transaction, the director directly owned 21,548 shares of the company's stock, valued at $33,827,343.28. This trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,413 shares of company stock valued at $172,987,751 over the last three months. Company insiders own 4.09% of the company's stock.

Hedge Funds Weigh In On Transdigm Group

Several institutional investors have recently made changes to their positions in the stock. Bruce G. Allen Investments LLC grew its holdings in Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after buying an additional 10 shares in the last quarter. Winch Advisory Services LLC grew its holdings in Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after buying an additional 7 shares in the last quarter. Saudi Central Bank bought a new position in Transdigm Group in the 1st quarter worth approximately $30,000. Park Square Financial Group LLC bought a new position in Transdigm Group in the 4th quarter worth approximately $32,000. Finally, Meeder Asset Management Inc. grew its holdings in Transdigm Group by 210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after buying an additional 21 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

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.