TransDigm Group (NYSE:TDG) Rating Increased to Buy at StockNews.com

TransDigm Group (NYSE:TDG) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other research analysts also recently weighed in on the company. Susquehanna upped their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. Northcoast Research raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company lifted their price target on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. UBS Group upped their price objective on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Finally, Truist Financial reduced their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,490.20.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,422.28 on Friday. The stock has a market capitalization of $79.89 billion, a price-to-earnings ratio of 50.17, a PEG ratio of 2.76 and a beta of 1.09. TransDigm Group has a 52-week low of $1,176.31 and a 52-week high of $1,488.54. The stock’s 50 day moving average price is $1,360.42 and its two-hundred day moving average price is $1,324.25.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the firm earned $7.99 earnings per share. TransDigm Group’s revenue was up 12.0% on a year-over-year basis. On average, equities research analysts forecast that TransDigm Group will post 35.13 EPS for the current year.

Insider Activity

In related news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $28,355,659.64. The trade was a 20.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,762,872. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 150,485 shares of company stock valued at $208,214,992 in the last ninety days. 4.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TransDigm Group

A number of large investors have recently made changes to their positions in TDG. Bruce G. Allen Investments LLC grew its holdings in TransDigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock valued at $26,000 after buying an additional 10 shares in the last quarter. Winch Advisory Services LLC increased its holdings in TransDigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 7 shares during the period. Capital Advisors Ltd. LLC lifted its stake in TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 16 shares in the last quarter. Saudi Central Bank purchased a new position in shares of TransDigm Group during the 1st quarter valued at $30,000. Finally, Trust Co. of Vermont increased its holdings in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares during the period. 95.78% of the stock is owned by 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.