Susquehanna Boosts TransDigm Group (NYSE:TDG) Price Target to $1,250.00

TransDigm Group (NYSE:TDG) had its target price raised by Susquehanna from $1,200.00 to $1,250.00 in a research report sent to investors on Wednesday, Benzinga reports. Susquehanna currently has a neutral rating on the aerospace company’s stock.

Other equities analysts have also issued research reports about the stock. KeyCorp raised their price objective on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an overweight rating in a research note on Tuesday, May 28th. Stifel Nicolaus raised their price objective on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a hold rating in a research note on Friday, June 7th. Northcoast Research started coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They issued a neutral rating for the company. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a buy rating in a research note on Thursday, June 20th. Finally, UBS Group raised their price objective on shares of TransDigm Group from $1,403.00 to $1,466.00 and gave the stock a neutral rating in a research note on Monday, July 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $1,417.19.

TransDigm Group Stock Performance

Shares of NYSE:TDG opened at $1,246.10 on Wednesday. The stock has a market capitalization of $69.73 billion, a price-to-earnings ratio of 49.43, a PEG ratio of 2.07 and a beta of 1.38. TransDigm Group has a 1-year low of $802.46 and a 1-year high of $1,369.57. The company has a 50 day moving average price of $1,279.49 and a 200 day moving average price of $1,236.41.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping 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 66.65%. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm posted $6.55 earnings per share. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, sell-side analysts expect that TransDigm Group will post 30.21 EPS for the current fiscal year.

Insider Activity at TransDigm Group

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 completion of the sale, the director now owns 112,381 shares of the company’s stock, valued at approximately $148,776,710.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other TransDigm Group news, Director Robert J. Small sold 30,000 shares of the business’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 completion of the transaction, the director now owns 112,381 shares of the company’s stock, valued at approximately $148,776,710.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jessica L. Warren sold 925 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the transaction, the insider now directly owns 50 shares of the company’s stock, valued at approximately $66,967. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,708 shares of company stock valued at $137,640,845. Insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of TransDigm Group during the 4th quarter worth about $790,822,000. Capital World Investors increased its holdings in shares of TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after purchasing an additional 442,182 shares during the period. Cerity Partners LLC increased its holdings in shares of TransDigm Group by 34,288.0% during the 4th quarter. Cerity Partners LLC now owns 205,640 shares of the aerospace company’s stock worth $208,025,000 after purchasing an additional 205,042 shares during the period. JPMorgan Chase & Co. increased 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 worth $2,056,109,000 after purchasing an additional 192,962 shares during the period. Finally, Wedge Capital Management L L P NC increased its holdings in shares of TransDigm Group by 2,361.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock worth $79,909,000 after purchasing an additional 75,784 shares during the period. 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.