TransDigm Group (NYSE:TDG) Price Target Increased to $1,357.00 by Analysts at Robert W. Baird

TransDigm Group (NYSE:TDG) had its price target upped by analysts at Robert W. Baird from $1,290.00 to $1,357.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the aerospace company’s stock. Robert W. Baird’s price target points to a potential upside of 3.56% from the company’s current price.

Several other research analysts have also weighed in on the company. Barclays lifted their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. KeyCorp lifted their price objective on TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Royal Bank of Canada increased their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Citigroup lifted their price target on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,193.20.

TransDigm Group Trading Up 0.7 %

Shares of TDG opened at $1,310.40 on Wednesday. The stock has a market cap of $72.87 billion, a P/E ratio of 55.62, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40. TransDigm Group has a 1 year low of $766.00 and a 1 year high of $1,315.02. The stock’s 50-day moving average price is $1,217.21 and its two-hundred day moving average price is $1,083.86.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping the consensus estimate of $7.42 by $0.57. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. TransDigm Group’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.39 EPS. As a group, equities analysts forecast that TransDigm Group will post 29.08 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,439,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,439,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 2,391 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the transaction, the director now directly owns 21,549 shares in the company, valued at approximately $25,008,691.95. The disclosure for this sale can be found here. Insiders sold a total of 59,087 shares of company stock worth $69,840,358 over the last ninety days. 4.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TransDigm Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDG. Commonwealth Equity Services LLC grew its position in shares of TransDigm Group by 9.8% in the third quarter. Commonwealth Equity Services LLC now owns 1,133 shares of the aerospace company’s stock valued at $956,000 after purchasing an additional 101 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of TransDigm Group by 66.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,744 shares of the aerospace company’s stock worth $1,471,000 after buying an additional 698 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of TransDigm Group by 3.6% during the third quarter. Mackenzie Financial Corp now owns 4,127 shares of the aerospace company’s stock worth $3,352,000 after buying an additional 145 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of TransDigm Group by 8.3% in the third quarter. IFM Investors Pty Ltd now owns 5,567 shares of the aerospace company’s stock valued at $4,694,000 after acquiring an additional 429 shares during the period. Finally, Chicago Partners Investment Group LLC grew its stake in shares of TransDigm Group by 76.0% in the third quarter. Chicago Partners Investment Group LLC now owns 1,477 shares of the aerospace company’s stock valued at $1,221,000 after acquiring an additional 638 shares in the last quarter. 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.