TransDigm Group (NYSE:TDG) Given New $1,400.00 Price Target at TD Cowen

TransDigm Group (NYSE:TDG) had its price objective raised by equities research analysts at TD Cowen from $1,300.00 to $1,400.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. TD Cowen’s price target would suggest a potential upside of 5.98% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. UBS Group boosted their price objective on shares of TransDigm Group from $1,302.00 to $1,403.00 and gave the company a “neutral” rating in a research report on Wednesday. Susquehanna raised their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a report on Wednesday. KeyCorp upped their price objective on TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Royal Bank of Canada raised their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, Barclays upped their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and a consensus target price of $1,280.56.

TransDigm Group Price Performance

NYSE:TDG traded up $10.58 during mid-day trading on Wednesday, reaching $1,320.98. The stock had a trading volume of 123,685 shares, compared to its average volume of 209,225. The stock’s 50 day simple moving average is $1,217.21 and its two-hundred day simple moving average is $1,083.86. TransDigm Group has a 1-year low of $766.00 and a 1-year high of $1,328.15. The company has a market capitalization of $73.46 billion, a price-to-earnings ratio of 55.92, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the business earned $5.39 EPS. The business’s quarterly revenue was up 20.5% on a year-over-year basis. Sell-side analysts anticipate that TransDigm Group will post 29.08 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director Michael Graff sold 3,460 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the completion of the sale, the director now directly owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Michael Graff sold 3,460 shares of TransDigm Group stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the transaction, the director now owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock valued at $69,840,358 over the last 90 days. 4.96% of the stock is currently owned by corporate insiders.

Institutional Trading of TransDigm Group

A number of hedge funds have recently modified their holdings of TDG. Commonwealth Equity Services LLC grew its stake in TransDigm Group by 9.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,133 shares of the aerospace company’s stock valued at $956,000 after acquiring an additional 101 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of TransDigm Group by 66.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,744 shares of the aerospace company’s stock valued at $1,471,000 after buying an additional 698 shares during the period. Mackenzie Financial Corp grew its holdings in shares of TransDigm Group by 3.6% during the 3rd quarter. Mackenzie Financial Corp now owns 4,127 shares of the aerospace company’s stock valued at $3,352,000 after acquiring an additional 145 shares in the last quarter. IFM Investors Pty Ltd increased its stake in shares of TransDigm Group by 8.3% in the third quarter. IFM Investors Pty Ltd now owns 5,567 shares of the aerospace company’s stock worth $4,694,000 after acquiring an additional 429 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of TransDigm Group by 76.0% during the third quarter. Chicago Partners Investment Group LLC now owns 1,477 shares of the aerospace company’s stock worth $1,221,000 after acquiring an additional 638 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.