JPMorgan Chase & Co. Boosts TransDigm Group (NYSE:TDG) Price Target to $1,435.00

TransDigm Group (NYSE:TDG) had its price target increased by JPMorgan Chase & Co. from $1,350.00 to $1,435.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the aerospace company’s stock.

TDG has been the subject of several other reports. TD Cowen lifted their target price on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a buy rating in a research note on Wednesday, May 8th. Wells Fargo & Company decreased their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an equal weight rating on the stock in a report on Wednesday, August 7th. Bank of America raised their target price on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a buy rating in a research note on Wednesday, May 29th. Royal Bank of Canada reiterated an outperform rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. Finally, Northcoast Research began coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They set a neutral rating for the company. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $1,438.24.

TransDigm Group Trading Down 2.6 %

Shares of TDG opened at $1,294.17 on Wednesday. The company has a market cap of $72.62 billion, a price-to-earnings ratio of 51.34, a PEG ratio of 2.14 and a beta of 1.42. The company’s fifty day simple moving average is $1,276.20 and its 200 day simple moving average is $1,263.25. TransDigm Group has a 1-year low of $802.46 and a 1-year high of $1,380.83.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the firm earned $6.55 EPS. TransDigm Group’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, research analysts forecast that TransDigm Group will post 30.57 earnings per share for the current year.

Insider Activity at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other TransDigm Group news, Director Robert J. Small sold 21,210 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $1,315.87, for a total transaction of $27,909,602.70. Following the completion of the transaction, the director now directly owns 100,962 shares in the company, valued at $132,852,866.94. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The disclosure for this sale can be found here. Insiders sold a total of 71,783 shares of company stock valued at $92,191,316 over the last quarter. 4.96% of the stock is owned by corporate insiders.

Institutional Trading of TransDigm Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in TransDigm Group in the 4th quarter valued at approximately $790,822,000. Capital World Investors lifted its stake in shares of TransDigm Group by 14.3% in the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after acquiring an additional 442,182 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of TransDigm Group by 13.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after acquiring an additional 192,962 shares in the last quarter. Darsana Capital Partners LP bought a new stake in TransDigm Group during the 2nd quarter worth $210,806,000. Finally, Argent Capital Management LLC acquired a new position in TransDigm Group in the 1st quarter worth about $75,910,000. 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.