TransDigm Group (NYSE:TDG) Stock Rating Upgraded by StockNews.com

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

Other analysts also recently issued reports about the stock. Truist Financial reiterated a “buy” rating and issued a $1,044.00 price target on shares of TransDigm Group in a report on Friday, October 20th. UBS Group assumed coverage on TransDigm Group in a report on Tuesday, October 10th. They set a “neutral” rating and a $950.00 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TransDigm Group in a research report on Wednesday, September 27th. They set a “buy” rating and a $1,001.00 price objective for the company. Royal Bank of Canada upped their target price on shares of TransDigm Group from $975.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, Robert W. Baird lifted their price target on TransDigm Group from $960.00 to $1,013.00 in a research report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $997.54.

TransDigm Group Trading Up 0.3 %

TDG opened at $996.61 on Monday. TransDigm Group has a 1-year low of $598.00 and a 1-year high of $1,013.08. The firm’s 50 day simple moving average is $863.63 and its two-hundred day simple moving average is $853.09. The company has a market capitalization of $55.13 billion, a PE ratio of 45.26, a PEG ratio of 1.35 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its earnings results on Thursday, November 9th. The aerospace company reported $8.03 EPS for the quarter, topping analysts’ consensus estimates of $7.10 by $0.93. TransDigm Group had a negative return on equity of 52.68% and a net margin of 19.70%. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm earned $4.74 EPS. TransDigm Group’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities analysts forecast that TransDigm Group will post 28.71 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, CFO Sarah Wynne sold 5,420 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $883.16, for a total transaction of $4,786,727.20. Following the transaction, the chief financial officer now owns 700 shares of the company’s stock, valued at approximately $618,212. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Sarah Wynne sold 5,420 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $883.16, for a total transaction of $4,786,727.20. Following the transaction, the chief financial officer now directly owns 700 shares in the company, valued at $618,212. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert J. Small sold 547 shares of TransDigm Group stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $882.66, for a total transaction of $482,815.02. Following the transaction, the director now directly owns 191,456 shares in the company, valued at $168,990,552.96. The disclosure for this sale can be found here. Insiders sold a total of 35,442 shares of company stock valued at $31,209,586 in the last ninety days. Corporate insiders own 7.18% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Institutional investors have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of TransDigm Group in the 3rd quarter worth approximately $27,000. Cullen Frost Bankers Inc. purchased a new position in TransDigm Group in the first quarter worth $28,000. West Tower Group LLC acquired a new position in shares of TransDigm Group during the second quarter worth $29,000. Resurgent Financial Advisors LLC purchased a new stake in shares of TransDigm Group during the 4th quarter valued at $30,000. Finally, Optiver Holding B.V. acquired a new stake in shares of TransDigm Group in the 3rd quarter worth $35,000. Institutional investors own 95.78% of the company’s stock.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.