TransDigm Group (NYSE:TDG) Price Target Increased to $1,575.00 by Analysts at Morgan Stanley

TransDigm Group (NYSE:TDG) had its price objective raised by Morgan Stanley from $1,550.00 to $1,575.00 in a research report report published on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the aerospace company’s stock.

TDG has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft increased their price objective on TransDigm Group from $1,435.00 to $1,524.00 and gave the company a buy rating in a report on Thursday, June 20th. UBS Group raised their price target on shares of TransDigm Group from $1,403.00 to $1,466.00 and gave the stock a neutral rating in a research report on Monday, July 1st. Robert W. Baird upped their price objective on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the company an outperform rating in a report on Wednesday, May 8th. StockNews.com cut shares of TransDigm Group from a buy rating to a hold rating in a report on Monday, August 5th. Finally, Truist Financial upped their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a buy rating in a report on Wednesday, July 17th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $1,417.19.

TransDigm Group Trading Up 1.2 %

Shares of NYSE:TDG traded up $14.98 on Wednesday, reaching $1,246.10. The company had a trading volume of 172,042 shares, compared to its average volume of 226,832. The firm’s 50 day simple moving average is $1,279.49 and its 200-day simple moving average is $1,236.41. TransDigm Group has a 52-week low of $802.46 and a 52-week high of $1,369.57. The firm has a market capitalization of $69.73 billion, a PE ratio of 49.43, a PEG ratio of 2.07 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the company posted $6.55 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, equities research analysts predict that TransDigm Group will post 30.21 earnings per share for the current year.

Insider Activity at TransDigm Group

In other news, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the transaction, the insider now directly owns 50 shares of the company’s stock, valued at approximately $66,967. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Robert J. Small sold 30,000 shares of the company’s 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 completion of the sale, the director now directly owns 112,381 shares in the company, valued at approximately $148,776,710.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jessica L. Warren sold 925 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was 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 of the company’s stock, valued at $66,967. The disclosure for this sale can be found here. In the last three months, insiders have 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

Several hedge funds have recently bought and sold shares of TDG. Bradley Foster & Sargent Inc. CT purchased a new position in shares of TransDigm Group in the 2nd quarter valued at $271,000. Frisch Financial Group Inc. acquired a new stake in TransDigm Group in the 2nd quarter valued at $405,000. Peregrine Asset Advisers Inc. acquired a new position in shares of TransDigm Group during the second quarter worth about $202,000. Edgestream Partners L.P. boosted its position in shares of TransDigm Group by 45.6% in the second quarter. Edgestream Partners L.P. now owns 5,201 shares of the aerospace company’s stock worth $6,645,000 after buying an additional 1,629 shares during the period. Finally, Moors & Cabot Inc. boosted its position in shares of TransDigm Group by 28.0% in the second quarter. Moors & Cabot Inc. now owns 238 shares of the aerospace company’s stock worth $304,000 after buying an additional 52 shares during the period. Hedge funds and other 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.