Royal Bank of Canada Increases TransDigm Group (NYSE:TDG) Price Target to $1,250.00

TransDigm Group (NYSE:TDGFree Report) had its target price increased by Royal Bank of Canada from $1,150.00 to $1,250.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an outperform rating on the aerospace company’s stock.

A number of other research firms have also recently weighed in on TDG. The Goldman Sachs Group boosted their target price on shares of TransDigm Group from $1,164.00 to $1,285.00 and gave the company a buy rating in a research note on Friday. StockNews.com raised TransDigm Group from a hold rating to a buy rating in a report on Saturday, January 20th. Truist Financial boosted their target price on TransDigm Group from $1,044.00 to $1,158.00 and gave the company a buy rating in a research note on Wednesday, January 10th. William Blair began coverage on TransDigm Group in a research report on Tuesday, December 12th. They set an outperform rating on the stock. Finally, Morgan Stanley lifted their price objective on TransDigm Group from $1,000.00 to $1,200.00 and gave the stock an overweight rating in a report on Friday, November 10th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, TransDigm Group currently has an average rating of Moderate Buy and a consensus price target of $1,094.07.

View Our Latest Report on TDG

TransDigm Group Trading Down 0.9 %

Shares of TDG opened at $1,109.83 on Friday. The stock has a 50 day moving average of $1,034.06 and a 200 day moving average of $937.44. TransDigm Group has a 12 month low of $686.46 and a 12 month high of $1,155.24. The company 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 earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.41 by $0.75. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business’s revenue was up 28.1% compared to the same quarter last year. During the same period last year, the firm posted $4.15 EPS. As a group, equities research analysts predict that TransDigm Group will post 30.07 earnings per share for the current year.

Insider Activity

In other news, Director Robert J. Small sold 20,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $988.76, for a total transaction of $19,775,200.00. Following the completion of the transaction, the director now directly owns 187,870 shares in the company, valued at approximately $185,758,341.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TransDigm Group news, Director Robert J. Small sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $988.76, for a total value of $19,775,200.00. Following the sale, the director now owns 187,870 shares of the company’s stock, valued at approximately $185,758,341.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 3,530 shares of TransDigm Group stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $1,022.27, for a total value of $3,608,613.10. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $22,027,873.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,419 shares of company stock worth $150,261,322. 4.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On TransDigm Group

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in TransDigm Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock worth $4,977,008,000 after acquiring an additional 104,433 shares in the last quarter. Deutsche Bank AG lifted its stake in TransDigm Group by 1,947.8% during the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after purchasing an additional 3,225,771 shares during the last quarter. Capital World Investors boosted its holdings in shares of TransDigm Group by 17.9% in the 2nd quarter. Capital World Investors now owns 2,206,880 shares of the aerospace company’s stock worth $1,973,326,000 after purchasing an additional 335,334 shares in the last quarter. State Street Corp increased its position in shares of TransDigm Group by 2.0% during the 2nd quarter. State Street Corp now owns 2,061,845 shares of the aerospace company’s stock valued at $1,843,640,000 after purchasing an additional 39,677 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of TransDigm Group by 0.4% during the 2nd quarter. Capital Research Global Investors now owns 1,988,257 shares of the aerospace company’s stock valued at $1,777,805,000 after buying an additional 8,413 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Company Profile

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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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