Analysts Set TransDigm Group Incorporated (NYSE:TDG) Target Price at $1,403.88

TransDigm Group Incorporated (NYSE:TDG) has been given an average rating of “Moderate Buy” by the eighteen analysts that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $1,414.06.

Several equities analysts have weighed in on the company. Susquehanna lifted their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. The Goldman Sachs Group boosted their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. KeyCorp increased their target price on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Morgan Stanley boosted their price target on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Finally, Robert W. Baird upped their price target on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th.

TransDigm Group Stock Performance

Shares of NYSE:TDG opened at $1,252.72 on Thursday. The firm has a 50 day simple moving average of $1,303.77 and a 200 day simple moving average of $1,186.89. TransDigm Group has a 52 week low of $802.46 and a 52 week high of $1,369.57. The company has a market cap of $70.10 billion, a PE ratio of 49.69, a price-to-earnings-growth ratio of 2.16 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company earned $5.39 earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, equities analysts predict that TransDigm Group will post 30.04 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Robert J. Small sold 30,000 shares of TransDigm Group stock in a transaction on Friday, June 7th. The shares were sold at an average price of $1,323.86, for a total value of $39,715,800.00. Following the transaction, the director now owns 112,381 shares in the company, valued at approximately $148,776,710.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the sale, the insider now owns 50 shares in the company, valued at $66,967. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert J. Small sold 30,000 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $1,323.86, for a total transaction of $39,715,800.00. Following the transaction, the director now owns 112,381 shares of the company’s stock, valued at $148,776,710.66. The disclosure for this sale can be found here. In the last three months, insiders sold 100,833 shares of company stock valued at $131,249,183. Company insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Compagnie Lombard Odier SCmA bought a new position in TransDigm Group in the fourth quarter worth $25,000. Oakworth Capital Inc. acquired a new stake in shares of TransDigm Group during the 4th quarter valued at about $26,000. ORG Partners LLC bought a new stake in TransDigm Group in the first quarter valued at about $30,000. VisionPoint Advisory Group LLC acquired a new position in TransDigm Group in the fourth quarter worth about $37,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its stake in TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 12 shares during the period. 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.