Truist Financial Lowers TransDigm Group (NYSE:TDG) Price Target to $1,490.00

TransDigm Group (NYSE:TDG - Get Free Report) had its target price lowered by stock analysts at Truist Financial from $1,534.00 to $1,490.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the aerospace company's stock. Truist Financial's price objective suggests a potential upside of 14.06% from the stock's previous close.

Several other research analysts also recently issued reports on TDG. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective for the company in a research note on Monday, February 24th. Susquehanna increased their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, Barclays restated an "equal weight" rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,464.41.

TransDigm Group Stock Down 0.0 %

Shares of TDG traded down $0.25 during midday trading on Thursday, hitting $1,306.30. The company's stock had a trading volume of 457,067 shares, compared to its average volume of 254,627. TransDigm Group has a one year low of $1,176.31 and a one year high of $1,451.32. The company's fifty day simple moving average is $1,336.03 and its two-hundred day simple moving average is $1,320.19. The stock has a market capitalization of $73.26 billion, a price-to-earnings ratio of 46.08, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the firm posted $7.16 EPS. The firm's revenue was up 12.1% on a year-over-year basis. On average, research analysts predict that TransDigm Group will post 35.13 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In other 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 value of $4,361,940.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,758,480. The trade was a 47.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at $11,046,584.64. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,894 shares of company stock worth $167,450,256 in the last quarter. 4.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TransDigm Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in TransDigm Group by 177,412.3% during the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after buying an additional 1,240,112 shares during the last quarter. Norges Bank bought a new stake in TransDigm Group during the fourth quarter valued at about $973,353,000. Proficio Capital Partners LLC raised its stake in shares of TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock worth $925,349,000 after buying an additional 729,930 shares during the period. Edgewood Management LLC bought a new position in shares of TransDigm Group during the 4th quarter valued at approximately $399,595,000. Finally, JPMorgan Chase & Co. increased its holdings in TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock worth $2,793,908,000 after acquiring an additional 206,822 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other 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.