TransDigm Group (NYSE:TDG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

TransDigm Group (NYSE:TDG - Free Report) had its target price lifted by Wells Fargo & Company from $1,500.00 to $1,580.00 in a report released on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the aerospace company's stock.

TDG has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Truist Financial raised their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Citigroup increased their price target on 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. Barclays reaffirmed an "equal weight" rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Finally, StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of "Moderate Buy" and a consensus target price of $1,477.18.

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TransDigm Group Stock Down 0.5 %

NYSE:TDG traded down $7.04 on Tuesday, reaching $1,377.22. 272,911 shares of the company's stock traded hands, compared to its average volume of 242,075. The stock has a 50-day simple moving average of $1,343.19 and a 200-day simple moving average of $1,329.59. TransDigm Group has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The firm has a market cap of $77.24 billion, a PE ratio of 48.58, a P/E/G ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its 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. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the company earned $7.16 EPS. The firm's quarterly revenue was up 12.1% on a year-over-year basis. On average, equities analysts anticipate that TransDigm Group will post 35.13 earnings per share for the current year.

Insider Activity

In other TransDigm Group news, Director Robert J. Small sold 1,000 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 95,147 shares of the company's stock, valued at approximately $127,042,177.34. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was 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 directly 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 124,594 shares of company stock valued at $165,646,468. Corporate insiders own 4.09% of the company's stock.

Hedge Funds Weigh In On TransDigm Group

A number of large investors have recently bought and sold shares of the business. Erste Asset Management GmbH purchased a new position in shares of TransDigm Group in the 3rd quarter valued at $29,000. Capital Advisors Ltd. LLC boosted its position in TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 16 shares in the last quarter. Trust Co. of Vermont boosted its position in TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 15 shares in the last quarter. Park Square Financial Group LLC purchased a new position in TransDigm Group in the fourth quarter valued at about $32,000. Finally, Versant Capital Management Inc raised its holdings in TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after purchasing an additional 18 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.