TransDigm Group (NYSE:TDG) PT Raised to $1,577.00 at Deutsche Bank Aktiengesellschaft

TransDigm Group (NYSE:TDG) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $1,524.00 to $1,577.00 in a report published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

Several other equities research analysts have also recently weighed in on TDG. Susquehanna increased their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a neutral rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price objective on TransDigm Group from $1,350.00 to $1,435.00 and gave the company a neutral rating in a report on Wednesday, September 4th. UBS Group cut their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a neutral rating for the company in a report on Wednesday, August 7th. Stifel Nicolaus lifted their price target on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a hold rating in a report on Friday, June 7th. Finally, Truist Financial boosted their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a buy rating in a report on Wednesday, July 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $1,441.35.

TransDigm Group Stock Down 1.6 %

Shares of TDG opened at $1,419.60 on Thursday. The firm has a 50-day moving average price of $1,324.46 and a 200 day moving average price of $1,290.52. The firm has a market capitalization of $79.44 billion, a PE ratio of 56.31, a P/E/G ratio of 2.21 and a beta of 1.43. TransDigm Group has a 52-week low of $805.40 and a 52-week high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm earned $6.55 earnings per share. On average, equities analysts expect that TransDigm Group will post 30.7 EPS for the current year.

TransDigm Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a dividend of $75.00 per share. This is a positive change from TransDigm Group’s previous dividend of $32.50. The ex-dividend date of this dividend is Friday, October 4th.

Insider Transactions at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,469,760. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,545 shares of company stock valued at $46,454,828. Corporate insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Several large investors have recently made changes to their positions in the company. Capital World Investors grew its position in TransDigm Group by 14.3% in the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after acquiring an additional 442,182 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of TransDigm Group by 13.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after purchasing an additional 192,962 shares during the last quarter. Darsana Capital Partners LP purchased a new stake in shares of TransDigm Group during the 2nd quarter valued at $210,806,000. Argent Capital Management LLC purchased a new position in TransDigm Group in the 1st quarter worth $75,910,000. Finally, Vanguard Group Inc. raised its stake in TransDigm Group by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after acquiring an additional 58,243 shares during the last quarter. 95.78% of the stock is owned by 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.