Truist Financial Issues Pessimistic Forecast for Transdigm Group (NYSE:TDG) Stock Price

Key Points

• Truist Financial has decreased its price target for Transdigm Group from $1,730.00 to $1,647.00 while maintaining a "buy" rating, indicating a potential upside of 30.92% from the previous close.
• Transdigm Group's stock experienced a decline of 4.1%, closing at $1,258.03, with recent trading volume falling below the average.
• In addition to Truist, analysts from multiple firms have provided varying ratings and price targets, with a consensus rating of "Moderate Buy" and an average price target around $1,564.56.

Transdigm Group (NYSE:TDG - Get Free Report) had its price target decreased by equities researchers at Truist Financial from $1,730.00 to $1,647.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the aerospace company's stock. Truist Financial's price target suggests a potential upside of 30.92% from the company's previous close.

A number of other equities analysts have also recently issued reports on TDG. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Transdigm Group in a research note on Wednesday, October 8th. Citigroup lifted their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Jefferies Financial Group lowered their price objective on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Wednesday, September 17th. The Goldman Sachs Group lifted their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, BMO Capital Markets started coverage on shares of Transdigm Group in a report on Tuesday, September 30th. They issued an "outperform" rating and a $1,420.00 price objective for the company. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Transdigm Group has a consensus rating of "Moderate Buy" and an average price target of $1,564.56.

Transdigm Group Stock Down 4.1%

Shares of Transdigm Group stock traded down $54.45 on Wednesday, hitting $1,258.03. 288,674 shares of the company traded hands, compared to its average volume of 297,310. The company has a 50-day moving average price of $1,333.20 and a 200 day moving average price of $1,406.36. Transdigm Group has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The company has a market cap of $70.89 billion, a PE ratio of 41.77, a PEG ratio of 2.94 and a beta of 1.02.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the company earned $9.00 earnings per share. The firm's revenue was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities research analysts anticipate that Transdigm Group will post 35.13 EPS for the current year.

Insider Activity

In other news, Director Robert J. Small sold 5,000 shares of the company's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total value of $6,384,900.00. Following the sale, the director directly owned 83,419 shares of the company's stock, valued at approximately $106,524,394.62. This represents a 5.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Graff sold 1,760 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the transaction, the director directly owned 1,964 shares in the company, valued at approximately $2,753,724.40. This represents a 47.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,496 shares of company stock valued at $25,201,434. Company insiders own 4.09% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TDG. Norges Bank bought a new position in shares of Transdigm Group in the second quarter valued at $1,275,035,000. Vanguard Group Inc. grew its stake in Transdigm Group by 5.3% during the second quarter. Vanguard Group Inc. now owns 6,693,889 shares of the aerospace company's stock valued at $10,178,995,000 after acquiring an additional 333,965 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Transdigm Group by 1,566.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 213,775 shares of the aerospace company's stock valued at $325,075,000 after acquiring an additional 200,949 shares in the last quarter. Nuveen LLC purchased a new position in Transdigm Group in the 1st quarter worth approximately $168,048,000. Finally, Bain Capital Public Equity Management II LLC bought a new stake in shares of Transdigm Group in the 1st quarter worth approximately $157,890,000. 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.

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