Stifel Nicolaus Boosts TransDigm Group (NYSE:TDG) Price Target to $1,200.00

TransDigm Group (NYSE:TDG) had its target price increased by investment analysts at Stifel Nicolaus from $1,100.00 to $1,200.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 1.72% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Citigroup upped their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. The Goldman Sachs Group increased their price target on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research note on Tuesday. KeyCorp increased their price target on TransDigm Group from $1,180.00 to $1,220.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Susquehanna increased their price target on TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada increased their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,163.27.

TransDigm Group Stock Performance

Shares of TDG stock traded down $2.15 during trading on Wednesday, hitting $1,221.00. The company had a trading volume of 96,660 shares, compared to its average volume of 206,683. The firm has a market capitalization of $67.89 billion, a P/E ratio of 51.87, a price-to-earnings-growth ratio of 2.46 and a beta of 1.42. The stock’s 50-day moving average price is $1,188.11 and its 200 day moving average price is $1,041.08. TransDigm Group has a one year low of $741.74 and a one year high of $1,248.39.

TransDigm Group (NYSE:TDG) last issued its quarterly 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 business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.15 earnings per share. On average, research analysts anticipate that TransDigm Group will post 29.03 earnings per share 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 Thursday, February 15th. The stock was sold at an average price of $1,140.48, for a total transaction of $3,421,440.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,105,728. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $1,140.48, for a total transaction of $3,421,440.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,105,728. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 2,391 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the completion of the sale, the director now owns 21,549 shares of the company’s stock, valued at $25,008,691.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,087 shares of company stock worth $69,840,358. Company insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

Several large investors have recently made changes to their positions in TDG. Compagnie Lombard Odier SCmA bought a new position in TransDigm Group in the 4th quarter valued at about $25,000. Oakworth Capital Inc. bought a new position in TransDigm Group in the 4th quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group lifted its position in TransDigm Group by 48.0% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 12 shares in the last quarter. VisionPoint Advisory Group LLC bought a new position in TransDigm Group in the 4th quarter valued at about $37,000. Finally, International Assets Investment Management LLC bought a new position in TransDigm Group in the 3rd quarter valued at about $36,000. 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.