Royal Bank Of Canada Cuts Transdigm Group (NYSE:TDG) Price Target to $1,350.00

Transdigm Group (NYSE:TDG) had its target price decreased by Royal Bank Of Canada from $1,400.00 to $1,350.00 in a report released on Wednesday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the aerospace company’s stock.

TDG has been the topic of several other research reports. Susquehanna decreased their price objective on Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating on the stock in a research note on Wednesday. UBS Group decreased their price objective on Transdigm Group from $1,804.00 to $1,800.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $1,400.00 price objective on shares of Transdigm Group in a research note on Wednesday, February 4th. Wells Fargo & Company started coverage on Transdigm Group in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $1,200.00 price objective on the stock. Finally, KeyCorp cut Transdigm Group from an “overweight” rating to a “sector weight” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,538.73.

Transdigm Group Stock Down 2.3%

NYSE TDG opened at $1,213.79 on Wednesday. The stock’s 50-day moving average price is $1,217.81 and its 200-day moving average price is $1,295.83. Transdigm Group has a 52 week low of $1,123.61 and a 52 week high of $1,623.82. The company has a market capitalization of $67.89 billion, a P/E ratio of 37.88, a price-to-earnings-growth ratio of 2.48 and a beta of 0.90.

Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $9.85 EPS for the quarter, topping the consensus estimate of $9.46 by $0.39. Transdigm Group had a negative return on equity of 26.49% and a net margin of 20.24%.The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the company earned $9.11 earnings per share. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. Research analysts anticipate that Transdigm Group will post 36.71 EPS for the current year.

Insider Buying and Selling

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $1,280.46, for a total value of $4,993,794.00. Following the sale, the chief operating officer owned 3,600 shares of the company’s stock, valued at $4,609,656. The trade was a 52.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 10,132 shares of Transdigm Group stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $1,265.06, for a total value of $12,817,587.92. Following the completion of the sale, the director directly owned 21,548 shares in the company, valued at approximately $27,259,512.88. The trade was a 31.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 38,232 shares of company stock worth $48,248,925. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Transdigm Group

A number of large investors have recently added to or reduced their stakes in the company. Tower Wealth Partners Inc. boosted its holdings in shares of Transdigm Group by 4.5% in the 3rd quarter. Tower Wealth Partners Inc. now owns 187 shares of the aerospace company’s stock worth $246,000 after purchasing an additional 8 shares during the period. Central Pacific Bank Trust Division boosted its holdings in shares of Transdigm Group by 44.4% in the 4th quarter. Central Pacific Bank Trust Division now owns 26 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 8 shares during the period. Family Legacy Inc. boosted its holdings in shares of Transdigm Group by 0.3% in the 4th quarter. Family Legacy Inc. now owns 2,394 shares of the aerospace company’s stock worth $3,184,000 after purchasing an additional 8 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Transdigm Group by 17.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 55 shares of the aerospace company’s stock worth $73,000 after purchasing an additional 8 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Transdigm Group by 5.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 171 shares of the aerospace company’s stock worth $225,000 after purchasing an additional 9 shares during the period. Institutional investors own 95.78% of the company’s stock.

About Transdigm Group

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.

TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.