TransDigm Group (NYSE:TDG) Price Target Raised to $841.00 at Credit Suisse Group

Posted by Defense World Staff on Mar 23rd, 2023

TransDigm Group (NYSE:TDG – Get Rating) had its price target hoisted by Credit Suisse Group from $830.00 to $841.00 in a research report released on Wednesday, The Fly reports. Credit Suisse Group currently has an outperform rating on the aerospace company’s stock.

A number of other analysts have also recently weighed in on the stock. Morgan Stanley raised their price objective on shares of TransDigm Group from $765.00 to $793.00 and gave the stock an overweight rating in a report on Wednesday, February 8th. Susquehanna raised their target price on shares of TransDigm Group from $665.00 to $750.00 and gave the stock a neutral rating in a research report on Wednesday, February 8th. StockNews.com started coverage on shares of TransDigm Group in a research report on Thursday, March 16th. They set a buy rating on the stock. Bank of America raised their target price on shares of TransDigm Group from $770.00 to $890.00 in a research report on Tuesday, February 28th. Finally, Royal Bank of Canada raised their target price on shares of TransDigm Group from $750.00 to $800.00 in a research report on Wednesday, February 8th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $762.00.

TransDigm Group Trading Down 1.6 %

TDG stock opened at $704.88 on Wednesday. TransDigm Group has a twelve month low of $499.63 and a twelve month high of $772.01. The company’s 50 day moving average is $723.03 and its two-hundred day moving average is $637.96. The stock has a market cap of $38.49 billion, a P/E ratio of 47.66, a PEG ratio of 1.86 and a beta of 1.36.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 6,500 shares of TransDigm Group stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $685.24, for a total value of $4,454,060.00. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $14,765,551.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other TransDigm Group news, Director Robert J. Small sold 147,074 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $736.22, for a total transaction of $108,278,820.28. Following the sale, the director now directly owns 194,689 shares in the company, valued at approximately $143,333,935.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 6,500 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $685.24, for a total transaction of $4,454,060.00. Following the sale, the director now owns 21,548 shares in the company, valued at $14,765,551.52. The disclosure for this sale can be found here. Insiders have sold a total of 284,393 shares of company stock worth $209,059,496 in the last three months. Insiders own 7.18% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC raised its stake in shares of TransDigm Group by 23.4% during the 1st quarter. Private Advisor Group LLC now owns 964 shares of the aerospace company’s stock worth $628,000 after buying an additional 183 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of TransDigm Group by 66.7% during the 1st quarter. Acadian Asset Management LLC now owns 800 shares of the aerospace company’s stock worth $519,000 after buying an additional 320 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of TransDigm Group by 99.1% during the 1st quarter. Panagora Asset Management Inc. now owns 2,337 shares of the aerospace company’s stock worth $1,523,000 after buying an additional 1,163 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of TransDigm Group by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company’s stock worth $103,790,000 after buying an additional 1,132 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of TransDigm Group by 7.3% during the 1st quarter. Sei Investments Co. now owns 29,629 shares of the aerospace company’s stock worth $19,373,000 after buying an additional 2,020 shares during the last quarter. 96.00% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Company Profile

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TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.