TransDigm Group (NYSE:TDG) Upgraded at UBS Group

TransDigm Group (NYSE:TDG) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage presently has a $1,595.00 price objective on the aerospace company’s stock. UBS Group’s price objective indicates a potential upside of 19.37% from the stock’s previous close.

Several other brokerages have also commented on TDG. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Citigroup upped their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Barclays reiterated an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Finally, Truist Financial increased their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Price Performance

TDG stock opened at $1,336.21 on Monday. The firm has a market cap of $74.94 billion, a PE ratio of 47.13, a P/E/G ratio of 2.76 and a beta of 1.40. TransDigm Group has a 12 month low of $1,136.27 and a 12 month high of $1,451.32. The firm has a 50 day simple moving average of $1,308.65 and a 200 day simple moving average of $1,322.47.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.16 earnings per share. As a group, sell-side analysts expect that TransDigm Group will post 35.13 earnings per share for the current year.

Insider Transactions at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Small sold 38,053 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,647 shares of company stock valued at $155,847,223 over the last three months. 4.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TransDigm Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in TransDigm Group in the 4th quarter worth about $973,353,000. Proficio Capital Partners LLC grew its holdings in TransDigm Group by 286,247.1% during the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after acquiring an additional 729,930 shares during the period. Edgewood Management LLC acquired a new position in TransDigm Group in the fourth quarter valued at approximately $399,595,000. Windacre Partnership LLC boosted its stake in TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after acquiring an additional 217,700 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after buying an additional 206,822 shares during the period. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Company Profile

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.