TransDigm Group (NYSE:TDG) Given New $1,555.00 Price Target at JPMorgan Chase & Co.

TransDigm Group (NYSE:TDG) had its price objective lifted by JPMorgan Chase & Co. from $1,435.00 to $1,555.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a neutral rating on the aerospace company’s stock.

Several other brokerages have also issued reports on TDG. Jefferies Financial Group lowered their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a buy rating on the stock in a report on Tuesday, August 13th. Morgan Stanley boosted their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an overweight rating in a report on Wednesday, August 7th. Northcoast Research started coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a neutral rating on the stock. UBS Group lowered their price target on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a neutral rating on the stock in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a buy rating in a research note on Thursday, October 3rd. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $1,448.41.

TransDigm Group Trading Up 0.1 %

Shares of TDG stock opened at $1,412.15 on Monday. TransDigm Group has a 1 year low of $811.42 and a 1 year high of $1,451.32. The firm’s fifty day simple moving average is $1,343.39 and its 200 day simple moving average is $1,299.49. The firm has a market capitalization of $79.02 billion, a P/E ratio of 56.02, a price-to-earnings-growth ratio of 1.84 and a beta of 1.43.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) 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 66.70%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm posted $6.55 earnings per share. TransDigm Group’s revenue was up 17.3% compared to the same quarter last year. Equities research analysts anticipate that TransDigm Group will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be issued a dividend of $75.00 per share. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend is Friday, October 4th.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,472 shares of company stock valued at $23,941,840. 4.96% of the stock is currently owned by insiders.

Institutional Trading of TransDigm Group

A number of institutional investors and hedge funds have recently modified their holdings of TDG. Fortitude Family Office LLC increased its stake in shares of TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares during the last quarter. ORG Partners LLC bought a new stake in TransDigm Group in the 1st quarter valued at $30,000. Meeder Asset Management Inc. lifted its position in TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 22 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in TransDigm Group in the 1st quarter valued at $39,000. Finally, Hershey Financial Advisers LLC bought a new stake in TransDigm Group in the 2nd quarter valued at $41,000. 95.78% of the stock is owned by institutional investors.

TransDigm Group Company Profile

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.