TransDigm Group (NYSE:TDG) Price Target Increased to $1,175.00 by Analysts at JPMorgan Chase & Co.

TransDigm Group (NYSE:TDG) had its price target increased by JPMorgan Chase & Co. from $1,050.00 to $1,175.00 in a research report sent to investors on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the aerospace company’s stock.

Several other analysts have also recently issued reports on the company. Truist Financial upped their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a buy rating in a report on Friday, February 9th. Royal Bank of Canada lifted their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an outperform rating in a research note on Friday, February 9th. Stifel Nicolaus upped their target price on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the company a hold rating in a research report on Tuesday, January 23rd. Barclays boosted their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an overweight rating in a research note on Monday, February 12th. Finally, William Blair initiated coverage on TransDigm Group in a report on Tuesday, December 12th. They issued an outperform rating for the company. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $1,119.00.

TransDigm Group Price Performance

Shares of TDG opened at $1,233.80 on Wednesday. The firm has a market cap of $68.61 billion, a P/E ratio of 52.37, a price-to-earnings-growth ratio of 2.56 and a beta of 1.42. TransDigm Group has a 1 year low of $711.69 and a 1 year high of $1,238.34. The company has a 50 day simple moving average of $1,147.01 and a two-hundred day simple moving average of $1,002.65.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the firm posted $4.15 EPS. TransDigm Group’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, sell-side analysts anticipate that TransDigm Group will post 28.98 earnings per share for the current year.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $1,172.26, for a total value of $3,516,780.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,220,136. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director W Nicholas Howley sold 3,530 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $1,022.27, for a total transaction of $3,608,613.10. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $22,027,873.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $1,172.26, for a total value of $3,516,780.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,220,136. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,480 shares of company stock valued at $100,102,829. 4.96% of the stock is currently owned by corporate insiders.

Institutional Trading of TransDigm Group

A number of institutional investors have recently modified their holdings of the company. Coldstream Capital Management Inc. boosted its stake in TransDigm Group by 1.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock valued at $577,000 after acquiring an additional 9 shares in the last quarter. Quent Capital LLC boosted its position in shares of TransDigm Group by 8.8% in the 4th quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock worth $124,000 after purchasing an additional 10 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in TransDigm Group by 5.9% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 180 shares of the aerospace company’s stock worth $197,000 after buying an additional 10 shares during the last quarter. Venturi Wealth Management LLC increased its position in TransDigm Group by 14.5% during the 4th quarter. Venturi Wealth Management LLC now owns 87 shares of the aerospace company’s stock valued at $88,000 after buying an additional 11 shares in the last quarter. Finally, Alcosta Capital Management Inc. raised its stake in TransDigm Group by 0.3% in the third quarter. Alcosta Capital Management Inc. now owns 3,485 shares of the aerospace company’s stock valued at $2,938,000 after buying an additional 12 shares during the last quarter. 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.