Susquehanna Raises TransDigm Group (NYSE:TDG) Price Target to $1,300.00

TransDigm Group (NYSE:TDG - Free Report) had its target price lifted by Susquehanna from $1,250.00 to $1,300.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the aerospace company's stock.

Several other analysts have also commented on TDG. StockNews.com lowered shares of TransDigm Group from a "buy" rating to a "hold" rating in a report on Monday, March 31st. Truist Financial upped their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Barclays reaffirmed an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Finally, Citigroup lifted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, TransDigm Group has a consensus rating of "Moderate Buy" and a consensus target price of $1,480.12.

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TransDigm Group Stock Down 0.4 %

Shares of TransDigm Group stock traded down $4.36 on Wednesday, hitting $1,233.49. The stock had a trading volume of 267,164 shares, compared to its average volume of 245,593. The stock's 50-day simple moving average is $1,343.93 and its two-hundred day simple moving average is $1,329.32. TransDigm Group has a one year low of $1,176.31 and a one year high of $1,451.32. The stock has a market cap of $69.18 billion, a price-to-earnings ratio of 43.21, a PEG ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter last year, the business posted $7.16 EPS. The business's revenue was up 12.1% on a year-over-year basis. As a group, equities analysts predict that TransDigm Group will post 35.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares of the company's stock, valued at $27,942,799.96. The trade was a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,337,899.18. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,594 shares of company stock valued at $165,646,468. 4.09% of the stock is owned by insiders.

Institutional Trading of TransDigm Group

Several hedge funds have recently bought and sold shares of the stock. Resonant Capital Advisors LLC grew its stake in shares of TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock valued at $585,000 after acquiring an additional 8 shares during the period. Quent Capital LLC increased its stake in shares of TransDigm Group by 6.5% in the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock worth $167,000 after purchasing an additional 8 shares in the last quarter. Lindbrook Capital LLC increased its stake in shares of TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock worth $293,000 after purchasing an additional 8 shares in the last quarter. CX Institutional raised its position in shares of TransDigm Group by 5.4% during the 4th quarter. CX Institutional now owns 175 shares of the aerospace company's stock valued at $222,000 after purchasing an additional 9 shares during the period. Finally, Western Financial Corp CA lifted its stake in shares of TransDigm Group by 0.6% during the 4th quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock valued at $1,902,000 after buying an additional 9 shares in the last quarter. Institutional investors 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.