TransDigm Group (NYSE:TDG) had its price target hoisted by equities researchers at SunTrust Banks to $335.00 in a report issued on Monday, The Fly reports. The firm currently has a “buy” rating on the aerospace company’s stock. SunTrust Banks’ price objective points to a potential upside of 8.34% from the company’s previous close.
Several other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $317.00 target price for the company in a report on Monday, February 12th. Morgan Stanley restated an “equal weight” rating and set a $306.00 target price (up previously from $290.00) on shares of TransDigm Group in a report on Friday, February 23rd. Bank of America increased their target price on shares of TransDigm Group from $305.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Cowen restated a “hold” rating and set a $290.00 target price on shares of TransDigm Group in a report on Monday, January 29th. Finally, Robert W. Baird increased their target price on shares of TransDigm Group from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. TransDigm Group presently has an average rating of “Buy” and a consensus price target of $326.57.
TransDigm Group stock opened at $309.22 on Monday. The company has a market capitalization of $16,140.14, a PE ratio of 25.75, a P/E/G ratio of 1.58 and a beta of 0.77. TransDigm Group has a twelve month low of $229.59 and a twelve month high of $321.38. The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of -4.38.
In other TransDigm Group news, insider Alex Feil sold 5,444 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $280.85, for a total value of $1,528,947.40. Following the completion of the sale, the insider now owns 5,444 shares in the company, valued at $1,528,947.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Robert S. Henderson sold 10,000 shares of the stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $311.12, for a total transaction of $3,111,200.00. Following the completion of the sale, the vice president now owns 35,000 shares of the company’s stock, valued at approximately $10,889,200. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,894 shares of company stock valued at $23,413,109. Corporate insiders own 11.45% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Vident Investment Advisory LLC raised its position in shares of TransDigm Group by 75.4% in the third quarter. Vident Investment Advisory LLC now owns 1,179 shares of the aerospace company’s stock valued at $301,000 after purchasing an additional 507 shares during the period. Alps Advisors Inc. bought a new position in shares of TransDigm Group in the fourth quarter valued at about $205,000. BlackRock Inc. raised its position in shares of TransDigm Group by 1.2% in the fourth quarter. BlackRock Inc. now owns 4,156,622 shares of the aerospace company’s stock valued at $1,141,491,000 after purchasing an additional 48,978 shares during the period. Vantage Financial Partners Ltd. Inc. raised its position in shares of TransDigm Group by 65.0% in the fourth quarter. Vantage Financial Partners Ltd. Inc. now owns 3,300 shares of the aerospace company’s stock valued at $901,000 after purchasing an additional 1,300 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its position in shares of TransDigm Group by 23.3% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 4,635 shares of the aerospace company’s stock valued at $1,273,000 after purchasing an additional 877 shares during the period.
TransDigm Group Company Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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