TransDigm Group (NYSE:TDG) Price Target Lowered to $1,350.00 at Wells Fargo & Company

TransDigm Group (NYSE:TDG) had its price objective reduced by investment analysts at Wells Fargo & Company from $1,390.00 to $1,350.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 7.92% from the company’s current price.

TDG has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a report on Thursday, June 20th. StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday. Barclays boosted their target price on TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a report on Monday, May 13th. Susquehanna increased their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Bank of America boosted their price objective on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,418.31.

TransDigm Group Stock Up 1.1 %

TDG traded up $13.53 on Wednesday, reaching $1,250.90. The company’s stock had a trading volume of 49,820 shares, compared to its average volume of 225,288. TransDigm Group has a fifty-two week low of $802.46 and a fifty-two week high of $1,369.57. The stock has a 50 day moving average of $1,285.40 and a two-hundred day moving average of $1,234.28. The company has a market capitalization of $70.00 billion, a price-to-earnings ratio of 49.55, a P/E/G ratio of 2.03 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the business posted $5.39 EPS. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, analysts anticipate that TransDigm Group will post 30.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 197 shares of TransDigm Group stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total transaction of $259,673.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other TransDigm Group news, Director Robert J. Small sold 30,000 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $1,323.86, for a total transaction of $39,715,800.00. Following the sale, 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 SEC, which is available through this link. Also, Director W Nicholas Howley sold 197 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The disclosure for this sale can be found here. Insiders have sold a total of 105,905 shares of company stock worth $137,900,519 in the last quarter. Company insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

A number of large investors have recently made changes to their positions in TDG. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of TransDigm Group by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock worth $1,190,000 after purchasing an additional 8 shares during the last quarter. Team Hewins LLC grew its stake in TransDigm Group by 3.0% in the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock worth $339,000 after acquiring an additional 8 shares during the period. Souders Financial Advisors raised its holdings in TransDigm Group by 1.1% in the 1st quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock valued at $945,000 after acquiring an additional 8 shares during the last quarter. Bennett Selby Investments LP lifted its stake in shares of TransDigm Group by 2.4% during the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock worth $429,000 after purchasing an additional 8 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of TransDigm Group by 1.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock worth $577,000 after purchasing an additional 9 shares during the last quarter. Institutional investors and hedge funds 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.