Posted by admin on Aug 19th, 2022

TransDigm Group (NYSE:TDG – Get Rating) had its price target lifted by stock analysts at JPMorgan Chase & Co. from $685.00 to $705.00 in a research report issued to clients and investors on Wednesday, The Fly reports. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 7.55% from the company’s current price.

Other equities analysts have also issued reports about the stock. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Cfra increased their price objective on shares of TransDigm Group to $680.00 in a research report on Monday. Susquehanna Bancshares increased their price objective on shares of TransDigm Group from $629.00 to $685.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Truist Financial reduced their target price on shares of TransDigm Group from $786.00 to $700.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Finally, Wells Fargo & Company increased their price target on shares of TransDigm Group from $620.00 to $740.00 and gave the company an “overweight” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $721.36.

TDG stock opened at $655.50 on Wednesday. TransDigm Group has a 1 year low of $500.08 and a 1 year high of $686.06. The company has a fifty day simple moving average of $577.82 and a 200 day simple moving average of $609.45. The firm has a market cap of $35.55 billion, a PE ratio of 50.27, a PEG ratio of 1.89 and a beta of 1.44.

TransDigm Group (NYSE:TDG – Get Rating) last posted its quarterly earnings data on Tuesday, August 9th. The aerospace company reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.87. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. TransDigm Group had a net margin of 15.56% and a negative return on equity of 30.80%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.89 EPS. As a group, analysts forecast that TransDigm Group will post 14.73 EPS for the current fiscal year.

In other news, Director Sean P. Hennessy sold 4,478 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $678.14, for a total value of $3,036,710.92. Following the transaction, the director now directly owns 33,935 shares of the company’s stock, valued at $23,012,680.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TransDigm Group news, Director Sean P. Hennessy sold 4,478 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $678.14, for a total value of $3,036,710.92. Following the completion of the sale, the director now directly owns 33,935 shares in the company, valued at approximately $23,012,680.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 35,500 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $661.68, for a total transaction of $23,489,640.00. The disclosure for this sale can be found here. Insiders sold 62,978 shares of company stock worth $38,950,146 in the last three months. 8.96% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the stock. Centiva Capital LP increased its position in shares of TransDigm Group by 87.7% in the second quarter. Centiva Capital LP now owns 2,825 shares of the aerospace company’s stock valued at $1,516,000 after buying an additional 1,320 shares in the last quarter. National Pension Service boosted its stake in TransDigm Group by 7.8% in the 2nd quarter. National Pension Service now owns 84,700 shares of the aerospace company’s stock worth $45,456,000 after buying an additional 6,139 shares during the last quarter. Captrust Financial Advisors boosted its stake in TransDigm Group by 60.8% in the 2nd quarter. Captrust Financial Advisors now owns 854 shares of the aerospace company’s stock worth $458,000 after buying an additional 323 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in TransDigm Group by 12.6% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 626 shares of the aerospace company’s stock worth $336,000 after buying an additional 70 shares during the last quarter. Finally, Alaethes Wealth LLC boosted its stake in TransDigm Group by 2.9% in the 2nd quarter. Alaethes Wealth LLC now owns 1,625 shares of the aerospace company’s stock worth $872,000 after buying an additional 46 shares during the last quarter. 99.33% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.

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