Truist Financial Forecasts Strong Price Appreciation for TransDigm Group (NYSE:TDG) Stock

TransDigm Group (NYSE:TDG) had its price target raised by Truist Financial from $1,482.00 to $1,534.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company dropped their price objective on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. KeyCorp upped their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Citigroup upped their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and an average target price of $1,455.00.

TransDigm Group Stock Performance

TDG stock opened at $1,299.11 on Tuesday. The business’s 50-day moving average is $1,279.71 and its two-hundred day moving average is $1,306.06. The company has a market cap of $73.05 billion, a price-to-earnings ratio of 50.75, a P/E/G ratio of 2.89 and a beta of 1.38. TransDigm Group has a fifty-two week low of $1,017.80 and a fifty-two week high of $1,451.32.

Insider Buying and Selling

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,181,755.06. This represents a 71.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the sale, the director now directly owns 567,323 shares in the company, valued at $708,461,615.94. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,053 shares of company stock worth $76,252,495. 4.96% of the stock is owned by insiders.

Institutional Trading of TransDigm Group

Several hedge funds have recently modified their holdings of TDG. HCR Wealth Advisors purchased a new position in shares of TransDigm Group in the fourth quarter valued at $2,426,000. Rockingstone Advisors LLC lifted its position in TransDigm Group by 0.9% during the fourth quarter. Rockingstone Advisors LLC now owns 3,023 shares of the aerospace company’s stock valued at $3,831,000 after purchasing an additional 28 shares during the last quarter. Moseley Investment Management Inc. grew its stake in shares of TransDigm Group by 15.2% in the 4th quarter. Moseley Investment Management Inc. now owns 250 shares of the aerospace company’s stock worth $317,000 after buying an additional 33 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of TransDigm Group by 29.9% in the 4th quarter. Park Avenue Securities LLC now owns 926 shares of the aerospace company’s stock worth $1,174,000 after buying an additional 213 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of TransDigm Group by 6.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 496 shares of the aerospace company’s stock valued at $629,000 after buying an additional 29 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other 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.