KeyCorp Increases TransDigm Group (NYSE:TDG) Price Target to $1,500.00

TransDigm Group (NYSE:TDG) had its target price hoisted by research analysts at KeyCorp from $1,440.00 to $1,500.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. KeyCorp’s price objective points to a potential upside of 10.49% from the company’s current price.

Several other research firms have also recently commented on TDG. Jefferies Financial Group lowered their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Truist Financial raised their price target 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. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Wells Fargo & Company reduced their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Finally, Morgan Stanley raised their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,451.94.

TransDigm Group Stock Performance

NYSE TDG opened at $1,357.59 on Thursday. The stock has a fifty day moving average of $1,363.90 and a 200-day moving average of $1,306.84. The stock has a market capitalization of $76.17 billion, a P/E ratio of 50.23, a price-to-earnings-growth ratio of 1.84 and a beta of 1.43. TransDigm Group has a 52 week low of $811.42 and a 52 week high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating the consensus estimate of $7.77 by $1.23. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the firm earned $6.55 EPS. Equities research analysts forecast that TransDigm Group will post 30.71 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at $29,659,098.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at $29,659,098.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,944 shares of company stock valued at $35,823,485 in the last 90 days. 4.96% of the stock is currently owned by company insiders.

Institutional Trading of TransDigm Group

A number of hedge funds and other institutional investors have recently modified their holdings of TDG. Fortitude Family Office LLC increased its position in shares of TransDigm Group by 283.3% in the second 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 acquired a new position in TransDigm Group during the first quarter worth approximately $30,000. Meeder Asset Management Inc. increased its position in TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after buying an additional 22 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in TransDigm Group during the first quarter worth approximately $39,000. Finally, DT Investment Partners LLC increased its position in TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares during the last quarter. 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.