TransDigm Group (NYSE:TDG) Given New $1,518.00 Price Target at The Goldman Sachs Group

TransDigm Group (NYSE:TDG) had its price objective lifted by The Goldman Sachs Group from $1,285.00 to $1,518.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the aerospace company’s stock.

A number of other research firms have also recently commented on TDG. Barclays upped their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an overweight rating in a research note on Monday, February 12th. KeyCorp upped their target price on TransDigm Group from $1,180.00 to $1,220.00 and gave the company an overweight rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. upped their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a neutral rating in a research note on Wednesday, March 27th. Stifel Nicolaus upped their target price on TransDigm Group from $1,000.00 to $1,050.00 and gave the company a hold rating in a research note on Tuesday, January 23rd. Finally, Susquehanna upped their target price 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. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $1,153.27.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,221.80 on Tuesday. TransDigm Group has a 1 year low of $741.74 and a 1 year high of $1,248.39. The stock’s 50 day simple moving average is $1,188.11 and its two-hundred day simple moving average is $1,041.08. The company has a market cap of $67.94 billion, a PE ratio of 51.86, a price-to-earnings-growth ratio of 2.49 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data 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. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the business posted $4.15 earnings per share. Equities research analysts expect that TransDigm Group will post 29.03 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director Michael Graff sold 3,460 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the sale, the director now owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TransDigm Group news, Director Michael Graff sold 3,460 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the sale, the director now owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $1,140.48, for a total value of $3,421,440.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,105,728. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,087 shares of company stock valued at $53,979,458. 4.96% of the stock is currently owned by corporate insiders.

Institutional Trading of TransDigm Group

Several hedge funds and other institutional investors have recently made changes to their positions in TDG. Compagnie Lombard Odier SCmA purchased a new stake in shares of TransDigm Group during the 4th quarter valued at $25,000. Oakworth Capital Inc. purchased a new stake in shares of TransDigm Group during the 4th quarter valued at $26,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of TransDigm Group during the 3rd quarter valued at $27,000. Resurgent Financial Advisors LLC purchased a new stake in shares of TransDigm Group during the 4th quarter valued at $30,000. Finally, Optiver Holding B.V. purchased a new stake in shares of TransDigm Group during the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.