TransDigm Group (NYSE:TDG) Price Target Raised to $1,534.00

TransDigm Group (NYSE:TDG - Get Free Report) had its target price raised by research analysts at Truist Financial from $1,482.00 to $1,534.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the aerospace company's stock. Truist Financial's target price would suggest a potential upside of 18.08% from the company's current price.

Several other research analysts have also recently weighed in on TDG. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Citigroup upped their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. lifted their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. KeyCorp lifted their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Finally, Barclays reissued an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, TransDigm Group presently has an average rating of "Moderate Buy" and a consensus price target of $1,455.00.

TransDigm Group Stock Up 1.6 %

Shares of NYSE TDG traded up $20.65 during midday trading on Tuesday, hitting $1,299.11. The stock had a trading volume of 211,168 shares, compared to its average volume of 261,346. The business's 50 day moving average is $1,280.48 and its 200-day moving average is $1,305.91. TransDigm Group has a 52 week low of $1,017.80 and a 52 week high of $1,451.32. The company has a market cap of $73.05 billion, a P/E ratio of 50.75, a PEG ratio of 2.89 and a beta of 1.38.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,053 shares of company stock worth $76,252,495. 4.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TransDigm Group

Several large investors have recently added to or reduced their stakes in the stock. Windacre Partnership LLC raised its holdings in shares of TransDigm Group by 42.7% in the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company's stock worth $1,038,951,000 after buying an additional 217,700 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after purchasing an additional 173,642 shares during the last quarter. Darsana Capital Partners LP purchased a new position in TransDigm Group in the 2nd quarter worth about $210,806,000. International Assets Investment Management LLC lifted its holdings in TransDigm Group by 108,517.8% during the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company's stock valued at $69,755,000 after buying an additional 48,833 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of TransDigm Group by 2,868.8% during the second quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company's stock valued at $60,136,000 after acquiring an additional 48,769 shares in the last quarter. 95.78% of the stock is owned by 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.