Wells Fargo & Company Has Lowered Expectations for TransDigm Group (NYSE:TDG) Stock Price

TransDigm Group (NYSE:TDG - Free Report) had its target price cut by Wells Fargo & Company from $1,410.00 to $1,375.00 in a report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the aerospace company's stock.

Several other research analysts also recently commented on TDG. Truist Financial raised their price objective 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. Susquehanna upped their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and reduced their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price on the stock in a research report on Monday, February 24th. Finally, StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, TransDigm Group currently has an average rating of "Moderate Buy" and an average target price of $1,464.41.

TransDigm Group Trading Down 0.1 %

TDG stock traded down $1.03 on Tuesday, hitting $1,335.27. The company had a trading volume of 224,372 shares, compared to its average volume of 253,805. The stock's 50-day simple moving average is $1,336.96 and its 200 day simple moving average is $1,322.04. The stock has a market cap of $74.89 billion, a price-to-earnings ratio of 47.10, a P/E/G ratio of 2.76 and a beta of 1.08. TransDigm Group has a 12-month low of $1,176.31 and a 12-month high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business'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 EPS. Research analysts forecast that TransDigm Group will post 35.13 earnings per share for the current year.

Insider Activity at TransDigm Group

In related news, Director Robert J. Small sold 40,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the transaction, the director now directly owns 98,185 shares of the company's stock, valued at $132,138,354.85. This trade represents a 28.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,892,616. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock worth $167,165,496 over the last three months. 4.09% of the stock is owned by corporate insiders.

Institutional Trading of TransDigm Group

Institutional investors have recently modified their holdings of the company. Bruce G. Allen Investments LLC boosted its stake in TransDigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 10 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of TransDigm Group by 200.0% during the 4th 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 during the last quarter. Trust Co. of Vermont boosted its position in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after purchasing an additional 15 shares in the last quarter. Park Square Financial Group LLC purchased a new position in TransDigm Group during the 4th quarter worth $32,000. Finally, Versant Capital Management Inc raised its stake in TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after buying an additional 18 shares during the last quarter. 95.78% of the stock is currently 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.