Equities researchers at BMO Capital Markets initiated coverage on shares of Transdigm Group (NYSE:TDG – Get Free Report) in a note issued to investors on Tuesday, MarketBeat reports. The firm set an “outperform” rating and a $1,420.00 price target on the aerospace company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 9.23% from the company’s current price.
Other research analysts have also issued reports about the stock. Jefferies Financial Group dropped their price objective on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. The Goldman Sachs Group lifted their price objective on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. KeyCorp dropped their price target on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Truist Financial boosted their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, Citigroup boosted their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,588.50.
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Transdigm Group Stock Performance
NYSE TDG opened at $1,299.98 on Tuesday. The firm has a market cap of $73.25 billion, a PE ratio of 43.15, a P/E/G ratio of 2.79 and a beta of 1.02. Transdigm Group has a one year low of $1,183.60 and a one year high of $1,623.82. The firm’s fifty day moving average is $1,386.45 and its two-hundred day moving average is $1,411.23.
Transdigm Group (NYSE:TDG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Research analysts predict that Transdigm Group will post 35.13 earnings per share for the current year.
Insider Activity at Transdigm Group
In other Transdigm Group news, Director Michael Graff sold 1,760 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the transaction, the director directly owned 1,964 shares in the company, valued at approximately $2,753,724.40. This represents a 47.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at $4,593,852. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,232 shares of company stock valued at $29,496,571. 4.09% of the stock is owned by corporate insiders.
Institutional Trading of Transdigm Group
Institutional investors and hedge funds have recently modified their holdings of the business. Vontobel Holding Ltd. purchased a new stake in shares of Transdigm Group in the first quarter valued at about $387,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Transdigm Group in the first quarter valued at about $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Transdigm Group by 4.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company’s stock valued at $11,970,000 after purchasing an additional 380 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Transdigm Group by 5.4% in the first quarter. BNP Paribas Financial Markets now owns 104,065 shares of the aerospace company’s stock valued at $143,952,000 after purchasing an additional 5,369 shares in the last quarter. Finally, Radnor Capital Management LLC lifted its holdings in shares of Transdigm Group by 57.9% in the second quarter. Radnor Capital Management LLC now owns 1,255 shares of the aerospace company’s stock valued at $1,908,000 after purchasing an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.
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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