TransDigm Group (NYSE:TDG) Given New $1,200.00 Price Target at Susquehanna

TransDigm Group (NYSE:TDG) had its price objective raised by analysts at Susquehanna from $1,100.00 to $1,200.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the aerospace company’s stock. Susquehanna’s price target would indicate a potential downside of 8.42% from the company’s previous close.

A number of other brokerages have also weighed in on TDG. Barclays boosted their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, February 12th. The Goldman Sachs Group increased their price objective on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Citigroup raised their price target on shares of 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, KeyCorp upped their price objective on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and an average target price of $1,199.87.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,310.40 on Wednesday. The stock’s fifty day moving average price is $1,217.21 and its 200 day moving average price is $1,083.86. TransDigm Group has a 1-year low of $766.00 and a 1-year high of $1,315.02. The company has a market cap of $72.87 billion, a price-to-earnings ratio of 55.62, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 negative return on equity of 59.61% and a net margin of 20.80%. The company’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.39 earnings per share. As a group, equities research analysts anticipate that TransDigm Group will post 29.08 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In related news, Director Michael Graff sold 3,460 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the completion of the transaction, the director now directly owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Michael Graff sold 3,460 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the transaction, the director now directly owns 4,879 shares in the company, valued at approximately $5,406,761.43. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,439,160. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock valued at $69,840,358 over the last quarter. 4.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TDG. Commonwealth Equity Services LLC raised its holdings in shares of TransDigm Group by 9.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,133 shares of the aerospace company’s stock valued at $956,000 after buying an additional 101 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of TransDigm Group by 66.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,744 shares of the aerospace company’s stock valued at $1,471,000 after purchasing an additional 698 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of TransDigm Group by 3.6% during the 3rd quarter. Mackenzie Financial Corp now owns 4,127 shares of the aerospace company’s stock worth $3,352,000 after purchasing an additional 145 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of TransDigm Group by 8.3% during the third quarter. IFM Investors Pty Ltd now owns 5,567 shares of the aerospace company’s stock worth $4,694,000 after purchasing an additional 429 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in 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 buying an additional 638 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.