Truist Financial Raises Transdigm Group (NYSE:TDG) Price Target to $1,730.00

Transdigm Group (NYSE:TDG - Free Report) had its target price increased by Truist Financial from $1,553.00 to $1,730.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the aerospace company's stock.

Several other equities research analysts also recently issued reports on the company. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. The Goldman Sachs Group increased 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. Stifel Nicolaus started coverage on Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price on the stock. KeyCorp increased their target price 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. Finally, 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 research report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,561.80.

Transdigm Group Stock Performance

Shares of Transdigm Group stock traded up $1.24 on Friday, hitting $1,540.77. The company had a trading volume of 175,320 shares, compared to its average volume of 261,818. The stock has a market capitalization of $86.54 billion, a price-to-earnings ratio of 52.02, a P/E/G ratio of 3.12 and a beta of 1.04. Transdigm Group has a 1 year low of $1,176.31 and a 1 year high of $1,553.64. The stock has a 50 day moving average of $1,453.53 and a 200-day moving average of $1,373.69.

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

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, CFO Sarah Wynne sold 1,800 shares of the firm's stock in a transaction dated 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 trade represents a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $1,424.27, for a total value of $4,272,810.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at $5,127,372. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 142,149 shares of company stock valued at $202,651,767. 4.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TDG. Proficio Capital Partners LLC grew its stake in shares of Transdigm Group by 125.9% during the fourth quarter. Proficio Capital Partners LLC now owns 576 shares of the aerospace company's stock valued at $730,000 after buying an additional 321 shares during the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of Transdigm Group by 64.9% during the fourth quarter. Johnson Investment Counsel Inc. now owns 310 shares of the aerospace company's stock valued at $393,000 after buying an additional 122 shares during the last quarter. Independent Advisor Alliance bought a new position in shares of Transdigm Group during the fourth quarter valued at about $354,000. HighTower Advisors LLC grew its stake in shares of Transdigm Group by 13.9% during the fourth quarter. HighTower Advisors LLC now owns 17,338 shares of the aerospace company's stock valued at $21,972,000 after buying an additional 2,122 shares during the last quarter. Finally, PFG Advisors bought a new position in shares of Transdigm Group during the fourth quarter valued at about $956,000. 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.