The Goldman Sachs Group Forecasts Strong Price Appreciation for Transdigm Group (NYSE:TDG) Stock

Transdigm Group (NYSE:TDG) had its price objective increased by The Goldman Sachs Group from $1,526.00 to $1,709.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

A number of other brokerages have also issued reports on TDG. Truist Financial lowered their price target on Transdigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Northcoast Research upgraded Transdigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target for the company in a research report on Wednesday, April 9th. Susquehanna lifted their price objective on Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Wells Fargo & Company boosted their price objective on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Finally, Wall Street Zen raised Transdigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 17th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,532.47.

Transdigm Group Price Performance

NYSE:TDG opened at $1,456.27 on Monday. The company’s fifty day moving average price is $1,418.59 and its 200-day moving average price is $1,352.71. The firm has a market capitalization of $81.80 billion, a P/E ratio of 49.17, a PEG ratio of 3.14 and a beta of 1.05. Transdigm Group has a 1-year low of $1,176.31 and a 1-year high of $1,488.54.

Transdigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping the consensus estimate of $8.83 by $0.28. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $7.99 EPS. Equities analysts anticipate that Transdigm Group will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling at Transdigm Group

In related news, Director W Nicholas Howley sold 49,241 shares of Transdigm Group stock in a transaction on Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $31,801,615.80. This trade represents a 69.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total value of $26,592,200.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,846,958.38. This trade represents a 71.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 142,149 shares of company stock valued at $202,651,767 in the last three months. 4.09% of the stock is owned by corporate insiders.

Institutional Trading of Transdigm Group

Several hedge funds have recently added to or reduced their stakes in TDG. Atria Wealth Solutions Inc. raised its holdings in shares of Transdigm Group by 5.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 729 shares of the aerospace company’s stock valued at $924,000 after purchasing an additional 35 shares in the last quarter. Private Advisor Group LLC raised its stake in Transdigm Group by 16.0% in the fourth quarter. Private Advisor Group LLC now owns 2,026 shares of the aerospace company’s stock valued at $2,567,000 after buying an additional 279 shares in the last quarter. Wealthspire Advisors LLC raised its stake in Transdigm Group by 25.0% in the fourth quarter. Wealthspire Advisors LLC now owns 180 shares of the aerospace company’s stock valued at $228,000 after buying an additional 36 shares in the last quarter. Howard Capital Management Inc. lifted its holdings in Transdigm Group by 3.4% during the 4th quarter. Howard Capital Management Inc. now owns 276 shares of the aerospace company’s stock worth $350,000 after buying an additional 9 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Transdigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 16 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

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.