TransDigm Group (NYSE:TDG) PT Raised to $1,466.00 at UBS Group

TransDigm Group (NYSE:TDG - Get Free Report) had its price objective raised by analysts at UBS Group from $1,403.00 to $1,466.00 in a report released on Monday, Benzinga reports. The firm currently has a "neutral" rating on the aerospace company's stock. UBS Group's price objective would suggest a potential upside of 17.03% from the stock's current price.

A number of other research analysts also recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 8th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 18th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Thursday. Bank of America increased their target price on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a "buy" rating in a report on Wednesday, May 29th. Finally, Susquehanna boosted their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a "neutral" rating in a report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,414.06.

TransDigm Group Trading Down 1.9 %

NYSE TDG traded down $24.89 on Monday, hitting $1,252.72. 299,057 shares of the company were exchanged, compared to its average volume of 222,993. The firm has a 50 day moving average of $1,303.77 and a two-hundred day moving average of $1,186.89. The company has a market cap of $70.10 billion, a P/E ratio of 49.69, a P/E/G ratio of 2.16 and a beta of 1.38. TransDigm Group has a 1-year low of $802.46 and a 1-year high of $1,369.57.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company earned $5.39 EPS. The firm's quarterly revenue was up 20.5% on a year-over-year basis. Research analysts anticipate that TransDigm Group will post 30.04 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In related news, Director W Nicholas Howley sold 197 shares of the firm's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jessica L. Warren sold 925 shares of the firm's stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the transaction, the insider now owns 50 shares of the company's stock, valued at $66,967. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 197 shares of the firm's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total transaction of $259,673.58. The disclosure for this sale can be found here. Insiders have sold 100,833 shares of company stock valued at $131,249,183 in the last 90 days. 4.96% of the stock is currently owned by company insiders.

Institutional Trading of TransDigm Group

Several hedge funds and other institutional investors have recently bought and sold shares of TDG. Norges Bank acquired a new stake in TransDigm Group in the 4th quarter worth about $790,822,000. Capital World Investors raised its stake in TransDigm Group by 14.3% in the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company's stock worth $4,354,369,000 after purchasing an additional 442,182 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of TransDigm Group by 46.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company's stock valued at $933,765,000 after buying an additional 349,409 shares in the last quarter. Cerity Partners LLC raised its position in shares of TransDigm Group by 34,288.0% in the 4th quarter. Cerity Partners LLC now owns 205,640 shares of the aerospace company's stock valued at $208,025,000 after buying an additional 205,042 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of TransDigm Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company's stock valued at $4,977,008,000 after buying an additional 104,433 shares in the last quarter. Institutional investors and hedge funds 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.