TransDigm Group (NYSE:TDG) PT Raised to $1,500.00 at KeyCorp

TransDigm Group (NYSE:TDG) had its target price boosted by KeyCorp from $1,440.00 to $1,500.00 in a research report sent to investors on Thursday, Benzinga reports. The firm currently has an overweight rating on the aerospace company’s stock.

Other research analysts have also issued reports about the company. Truist Financial upped their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Morgan Stanley upped their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Northcoast Research started coverage on TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating on the stock. Susquehanna increased their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,451.94.

TransDigm Group Stock Up 0.7 %

NYSE:TDG opened at $1,354.83 on Thursday. TransDigm Group has a 52-week low of $811.42 and a 52-week high of $1,451.32. The firm has a market cap of $75.81 billion, a P/E ratio of 53.74, a PEG ratio of 1.84 and a beta of 1.43. The business’s 50-day moving average price is $1,366.86 and its 200 day moving average price is $1,308.60.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.55 EPS. Sell-side analysts expect that TransDigm Group will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a dividend of $75.00 per share. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,019,981.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,944 shares of company stock worth $35,823,485. 4.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TDG. Fortitude Family Office LLC increased its stake in shares of TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares during the last quarter. ORG Partners LLC bought a new stake in TransDigm Group in the first quarter valued at approximately $30,000. Meeder Asset Management Inc. raised its holdings in TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of TransDigm Group during the first quarter worth $39,000. Finally, DT Investment Partners LLC grew its holdings in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares during the period. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Company Profile

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.