TransDigm Group (NYSE:TDG) PT Raised to $1,325.00 at KeyCorp

TransDigm Group (NYSE:TDG) had its price target lifted by equities research analysts at KeyCorp from $1,220.00 to $1,325.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. KeyCorp’s target price would indicate a potential upside of 6.69% from the stock’s previous close.

TDG has been the subject of a number of other research reports. Citigroup boosted their target price on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. raised their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Susquehanna boosted 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, The Goldman Sachs Group raised their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,170.27.

TransDigm Group Stock Up 3.4 %

Shares of TransDigm Group stock opened at $1,241.95 on Monday. The stock has a market cap of $69.06 billion, a price-to-earnings ratio of 52.71, a P/E/G ratio of 2.42 and a beta of 1.42. TransDigm Group has a twelve month low of $741.74 and a twelve month high of $1,248.39. The company’s fifty day moving average is $1,196.92 and its 200 day moving average is $1,054.61.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating the consensus estimate of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the firm posted $4.15 earnings per share. The business’s quarterly revenue was up 28.1% on a year-over-year basis. As a group, equities analysts anticipate that TransDigm Group will post 29.08 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Michael Graff sold 3,460 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were 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 $5,406,761.43. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director W Nicholas Howley sold 2,391 shares of the business’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 transaction, the director now directly owns 21,549 shares of the company’s stock, valued at approximately $25,008,691.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Graff sold 3,460 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the transaction, the director now owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. Insiders sold a total of 59,087 shares of company stock worth $69,840,358 over the last quarter. Insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDG. Coldstream Capital Management Inc. raised its holdings in shares of TransDigm Group by 1.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock worth $577,000 after purchasing an additional 9 shares during the period. Quent Capital LLC lifted its position in shares of TransDigm Group by 8.8% during the 4th quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock valued at $124,000 after buying an additional 10 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of 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 valued at $197,000 after buying an additional 10 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of TransDigm Group by 14.5% during the 4th quarter. Venturi Wealth Management LLC now owns 87 shares of the aerospace company’s stock worth $88,000 after acquiring an additional 11 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in TransDigm Group by 12.2% in the 1st quarter. Global Retirement Partners LLC now owns 101 shares of the aerospace company’s stock worth $124,000 after acquiring an additional 11 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

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.