Royal Bank of Canada Increases TransDigm Group (NYSE:TDG) Price Target to $1,400.00

TransDigm Group (NYSE:TDG) had its price target hoisted by equities researchers at Royal Bank of Canada from $1,300.00 to $1,400.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the aerospace company’s stock. Royal Bank of Canada’s target price points to a potential upside of 6.15% from the stock’s previous close.

A number of other research analysts have also weighed in on TDG. KeyCorp raised their target price on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Stifel Nicolaus raised their target price on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. raised their target price on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. UBS Group raised their target price on shares of TransDigm Group from $1,302.00 to $1,403.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, The Goldman Sachs Group raised their target price on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,311.81.

TransDigm Group Price Performance

Shares of TDG opened at $1,318.86 on Wednesday. TransDigm Group has a 1 year low of $768.05 and a 1 year high of $1,330.38. The company has a 50 day simple moving average of $1,222.89 and a two-hundred day simple moving average of $1,087.09. The firm has a market cap of $73.34 billion, a P/E ratio of 55.98, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the firm posted $5.39 EPS. The company’s revenue was up 20.5% on a year-over-year basis. On average, sell-side analysts anticipate that TransDigm Group will post 29.08 earnings per share for the current year.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $9,921,433.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jorge Valladares sold 578 shares of TransDigm Group stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total value of $682,040.00. Following the completion of the sale, the director now directly owns 11,000 shares in the company, valued at $12,980,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The disclosure for this sale can be found here. Over the last three months, insiders bought 11 shares of company stock worth $5,950 and sold 59,088 shares worth $69,841,110. 4.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TransDigm Group

Large investors have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC raised its holdings in TransDigm Group by 2,361.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock worth $79,909,000 after purchasing an additional 75,784 shares in the last quarter. Townsquare Capital LLC raised its holdings in TransDigm Group by 4.5% in the third quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock worth $2,235,000 after purchasing an additional 114 shares in the last quarter. Pacer Advisors Inc. raised its holdings in TransDigm Group by 26.2% in the fourth quarter. Pacer Advisors Inc. now owns 5,727 shares of the aerospace company’s stock worth $5,793,000 after purchasing an additional 1,188 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in TransDigm Group by 14.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 7,404 shares of the aerospace company’s stock worth $7,490,000 after purchasing an additional 962 shares in the last quarter. Finally, Chicago Capital LLC grew its stake in shares of TransDigm Group by 3.3% during the fourth quarter. Chicago Capital LLC now owns 48,317 shares of the aerospace company’s stock worth $48,877,000 after acquiring an additional 1,523 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.