TransDigm Group (NYSE:TDG) Price Target Increased to $1,250.00 by Analysts at Barclays

TransDigm Group (NYSE:TDGFree Report) had its price target increased by Barclays from $1,150.00 to $1,250.00 in a research report report published on Monday morning, Benzinga reports. Barclays currently has an overweight rating on the aerospace company’s stock.

TDG has been the topic of several other reports. The Goldman Sachs Group upped their price target on shares of TransDigm Group from $1,164.00 to $1,285.00 and gave the stock a buy rating in a research report on Friday. William Blair began coverage on shares of TransDigm Group in a research report on Tuesday, December 12th. They issued an outperform rating on the stock. Truist Financial increased their price objective on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the company a buy rating in a research report on Friday. Morgan Stanley increased their price objective on shares of TransDigm Group from $1,000.00 to $1,200.00 and gave the company an overweight rating in a research report on Friday, November 10th. Finally, Alembic Global Advisors lowered shares of TransDigm Group from an overweight rating to a neutral rating in a research report on Wednesday, November 15th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group currently has a consensus rating of Moderate Buy and a consensus price target of $1,094.07.

View Our Latest Analysis on TransDigm Group

TransDigm Group Price Performance

TransDigm Group stock opened at $1,109.83 on Monday. The company’s 50 day simple moving average is $1,034.06 and its 200 day simple moving average is $937.44. TransDigm Group has a fifty-two week low of $686.46 and a fifty-two week high of $1,155.24. The firm has a market capitalization of $61.72 billion, a price-to-earnings ratio of 47.11, a PEG ratio of 2.26 and a beta of 1.43.

TransDigm Group (NYSE:TDGGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.15 earnings per share. As a group, analysts predict that TransDigm Group will post 30.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $994.84, for a total transaction of $2,984,520.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $3,581,424. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $994.84, for a total value of $2,984,520.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $3,581,424. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 3,530 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $1,022.27, for a total transaction of $3,608,613.10. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $22,027,873.96. The disclosure for this sale can be found here. Insiders have sold 151,419 shares of company stock worth $150,261,322 over the last ninety days. Corporate insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Baird Financial Group Inc. raised its holdings in TransDigm Group by 4.7% in the 2nd quarter. Baird Financial Group Inc. now owns 4,175 shares of the aerospace company’s stock valued at $3,733,000 after buying an additional 186 shares during the last quarter. Fund Management at Engine No. 1 LLC raised its holdings in TransDigm Group by 7.9% in the 2nd quarter. Fund Management at Engine No. 1 LLC now owns 679 shares of the aerospace company’s stock valued at $607,000 after buying an additional 50 shares during the last quarter. Quantbot Technologies LP bought a new position in TransDigm Group in the 3rd quarter valued at approximately $1,421,000. Inspire Investing LLC raised its holdings in TransDigm Group by 7.4% in the 3rd quarter. Inspire Investing LLC now owns 1,173 shares of the aerospace company’s stock valued at $989,000 after buying an additional 81 shares during the last quarter. Finally, PGGM Investments raised its holdings in TransDigm Group by 88.2% in the 3rd quarter. PGGM Investments now owns 2,757 shares of the aerospace company’s stock valued at $2,325,000 after buying an additional 1,292 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

About TransDigm Group

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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.

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