TransDigm Group (NYSE:TDG) Stock Price Expected to Rise, Susquehanna Analyst Says

TransDigm Group (NYSE:TDG) had its price objective boosted by equities research analysts at Susquehanna from $1,250.00 to $1,300.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the aerospace company’s stock. Susquehanna’s price target suggests a potential downside of 4.68% from the stock’s previous close.

Several other analysts have also commented on TDG. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company increased their target price on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Citigroup raised their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,480.12.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,363.77 on Wednesday. The firm has a 50-day simple moving average of $1,345.98 and a 200-day simple moving average of $1,330.88. TransDigm Group has a one year low of $1,176.31 and a one year high of $1,451.32. The firm has a market cap of $76.49 billion, a P/E ratio of 48.10, a P/E/G ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business earned $7.16 earnings per share. TransDigm Group’s revenue was up 12.1% on a year-over-year basis. On average, research analysts predict that TransDigm Group will post 35.13 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,337,899.18. This represents a 71.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Small sold 1,000 shares of TransDigm Group stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the completion of the sale, the director now owns 95,147 shares in the company, valued at approximately $127,042,177.34. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock worth $165,646,468 in the last 90 days. Corporate insiders own 4.09% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in TransDigm Group in the fourth quarter valued at approximately $973,353,000. Proficio Capital Partners LLC lifted its position in shares of TransDigm Group by 286,247.1% during the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after purchasing an additional 729,930 shares in the last quarter. Edgewood Management LLC purchased a new position in shares of TransDigm Group in the fourth quarter valued at approximately $399,595,000. Windacre Partnership LLC grew its holdings in shares of TransDigm Group by 42.7% in the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after purchasing an additional 217,700 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in TransDigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after buying an additional 206,822 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.