JPMorgan Chase & Co. Boosts TransDigm Group (NYSE:TDG) Price Target to $1,555.00

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

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Susquehanna lifted their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Truist Financial upped their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Wednesday, August 7th. Finally, Wells Fargo & Company lowered their price target on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,448.41.

TransDigm Group Stock Down 0.4 %

Shares of NYSE:TDG opened at $1,384.32 on Monday. TransDigm Group has a 52-week low of $811.42 and a 52-week high of $1,451.32. The stock has a market cap of $77.67 billion, a price-to-earnings ratio of 51.21, a PEG ratio of 1.90 and a beta of 1.43. The business has a 50-day moving average price of $1,350.09 and a 200-day moving average price of $1,301.19.

TransDigm Group (NYSE:TDG) last posted its quarterly 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. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. TransDigm Group’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the firm posted $6.55 EPS. As a group, equities analysts anticipate that TransDigm Group will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

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

Insider Activity

In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,472 shares of company stock worth $23,941,840 over the last three months. Insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Fortitude Family Office LLC grew 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 buying an additional 17 shares during the period. ORG Partners LLC acquired a new position in shares of TransDigm Group in the 1st quarter valued at $30,000. Meeder Asset Management Inc. increased its position in shares of TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in TransDigm Group in the 1st quarter valued at about $39,000. Finally, Hershey Financial Advisers LLC acquired a new position in TransDigm Group in the second quarter valued at about $41,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.