TransDigm Group (NYSE:TDG) Price Target Raised to $1,325.00 at KeyCorp

TransDigm Group (NYSE:TDG) had its target price increased by KeyCorp from $1,220.00 to $1,325.00 in a research report released on Monday, Benzinga reports. The firm currently has an overweight rating on the aerospace company’s stock.

A number of other brokerages have also weighed in on TDG. Susquehanna upped their price target on shares of TransDigm Group from $875.00 to $1,100.00 and gave the stock a neutral rating in a research note on Friday, February 9th. Barclays increased their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an overweight rating in a research note on Monday, February 12th. JPMorgan Chase & Co. upped their price target on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a neutral rating in a research report on Wednesday, March 27th. Citigroup raised their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a buy rating in a research report on Thursday, April 4th. Finally, The Goldman Sachs Group upped their price target on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $1,170.27.

TransDigm Group Stock Performance

TDG stock opened at $1,200.93 on Monday. TransDigm Group has a 1 year low of $741.74 and a 1 year high of $1,248.39. The stock has a market capitalization of $66.78 billion, a price-to-earnings ratio of 50.97, a PEG ratio of 2.42 and a beta of 1.42. The stock’s fifty day moving average is $1,194.55 and its two-hundred day moving average is $1,051.85.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the firm posted $4.15 EPS. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. As a group, analysts predict that TransDigm Group will post 29.08 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In related news, Director Michael Graff sold 3,460 shares of TransDigm Group stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the completion of the sale, the director now owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 2,391 shares of the 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 transaction of $2,774,875.05. Following the transaction, the director now owns 21,549 shares in the company, valued at $25,008,691.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Graff sold 3,460 shares of TransDigm Group stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the completion of the transaction, the director now directly owns 4,879 shares in the company, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. Insiders have sold a total of 59,087 shares of company stock worth $69,840,358 in the last 90 days. 4.96% of the stock is owned by insiders.

Institutional Trading of TransDigm Group

Several large investors have recently modified their holdings of TDG. Deutsche Bank AG lifted its position in TransDigm Group by 1,947.8% during the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after acquiring an additional 3,225,771 shares during the last quarter. Norges Bank acquired a new position in shares of TransDigm Group during the 4th quarter worth about $790,822,000. JPMorgan Chase & Co. lifted its position in shares of TransDigm Group by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after purchasing an additional 349,409 shares during the last quarter. Cerity Partners LLC boosted its stake in TransDigm Group by 34,288.0% during the 4th quarter. Cerity Partners LLC now owns 205,640 shares of the aerospace company’s stock valued at $208,025,000 after purchasing an additional 205,042 shares during the period. Finally, FMR LLC grew its holdings in TransDigm Group by 9.0% in the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock valued at $1,392,355,000 after buying an additional 136,834 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

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.