Wells Fargo & Company Issues Pessimistic Forecast for TransDigm Group (NYSE:TDG) Stock Price

TransDigm Group (NYSE:TDG - Free Report) had its target price trimmed by Wells Fargo & Company from $1,580.00 to $1,410.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the aerospace company's stock.

Other equities analysts also recently issued research reports about the company. Barclays restated an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Susquehanna boosted their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Truist Financial upped their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,471.78.

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TransDigm Group Stock Performance

Shares of TransDigm Group stock traded up $11.46 during trading on Tuesday, reaching $1,309.66. The company's stock had a trading volume of 268,284 shares, compared to its average volume of 250,725. TransDigm Group has a one year low of $1,176.31 and a one year high of $1,451.32. The firm has a market cap of $73.45 billion, a price-to-earnings ratio of 46.20, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. The business's fifty day moving average price is $1,335.18 and its 200-day moving average price is $1,323.99.

TransDigm Group (NYSE:TDG - Get Free Report) last issued 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. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $7.16 earnings per share. Sell-side analysts anticipate that TransDigm Group will post 35.13 EPS for the current year.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,892,616. This represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Small sold 1,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the completion of the transaction, the director now directly owns 95,147 shares of the company's stock, valued at $127,042,177.34. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,594 shares of company stock worth $165,646,468 over the last three months. Corporate insiders own 4.09% of the company's stock.

Hedge Funds Weigh In On TransDigm Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDG. Gateway Investment Advisers LLC increased its stake in shares of TransDigm Group by 5.1% during the first quarter. Gateway Investment Advisers LLC now owns 1,185 shares of the aerospace company's stock worth $1,639,000 after purchasing an additional 58 shares during the period. Tower Wealth Partners Inc. acquired a new stake in shares of TransDigm Group during the 1st quarter worth $237,000. Snider Financial Group increased its holdings in TransDigm Group by 0.9% in the 1st quarter. Snider Financial Group now owns 2,748 shares of the aerospace company's stock valued at $3,801,000 after buying an additional 24 shares during the period. Procyon Advisors LLC increased its stake in TransDigm Group by 4.5% in the first quarter. Procyon Advisors LLC now owns 2,181 shares of the aerospace company's stock valued at $3,017,000 after acquiring an additional 93 shares during the last quarter. Finally, Chesley Taft & Associates LLC increased its stake in shares of TransDigm Group by 2.0% in the 1st quarter. Chesley Taft & Associates LLC now owns 2,676 shares of the aerospace company's stock valued at $3,702,000 after purchasing an additional 52 shares during the last quarter. 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.