Transdigm Group (NYSE:TDG – Get Free Report) had its price objective cut by investment analysts at Jefferies Financial Group from $1,650.00 to $1,490.00 in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 15.78% from the company’s current price.
Other analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their price target on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Stifel Nicolaus began coverage on Transdigm Group in a report on Tuesday, June 24th. They issued a “buy” rating and a $1,710.00 price target for the company. Truist Financial increased their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a “buy” rating in a report on Friday, July 11th. KeyCorp lowered their price target on Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Finally, Susquehanna increased their price target on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.73.
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Transdigm Group Price Performance
Shares of NYSE:TDG opened at $1,286.95 on Wednesday. The firm has a market capitalization of $72.52 billion, a PE ratio of 42.71, a P/E/G ratio of 2.70 and a beta of 1.03. The business has a 50-day moving average of $1,437.28 and a two-hundred day moving average of $1,413.96. Transdigm Group has a 12 month low of $1,183.60 and a 12 month high of $1,623.82.
Transdigm Group (NYSE:TDG – Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.15). The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, research analysts anticipate that Transdigm Group will post 35.13 earnings per share for the current year.
Insider Transactions at Transdigm Group
In related news, Director Michael Graff sold 1,760 shares of Transdigm Group stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the completion of the transaction, the director directly owned 1,964 shares in the company, valued at approximately $2,753,724.40. This trade represents a 47.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Small sold 5,000 shares of Transdigm Group stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total value of $6,384,900.00. Following the completion of the transaction, the director owned 83,419 shares of the company’s stock, valued at approximately $106,524,394.62. The trade was a 5.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,232 shares of company stock valued at $25,668,361 over the last ninety days. 4.09% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Transdigm Group
A number of hedge funds and other institutional investors have recently bought and sold shares of TDG. Bruce G. Allen Investments LLC boosted its stake in Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 10 shares during the period. Winch Advisory Services LLC raised its holdings in shares of Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after buying an additional 7 shares during the last quarter. Saudi Central Bank bought a new stake in shares of Transdigm Group during the first quarter valued at approximately $30,000. Park Square Financial Group LLC bought a new stake in shares of Transdigm Group during the fourth quarter valued at approximately $32,000. Finally, Bank of Jackson Hole Trust raised its holdings in shares of Transdigm Group by 84.6% during the second quarter. Bank of Jackson Hole Trust now owns 24 shares of the aerospace company’s stock valued at $36,000 after buying an additional 11 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.
Transdigm Group Company Profile
(Get Free Report)
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.
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