StockNews.com Upgrades TransDigm Group (NYSE:TDG) to “Buy”

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 Saturday.

TDG has been the subject of several other reports. Northcoast Research raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective for the company in a report on Wednesday, April 9th. Susquehanna boosted their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Truist Financial lowered their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. UBS Group boosted their target price on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company boosted their target price on TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,490.20.

TransDigm Group Stock Up 1.2%

TransDigm Group stock opened at $1,422.28 on Friday. TransDigm Group has a 52 week low of $1,176.31 and a 52 week high of $1,488.54. The company’s 50 day moving average price is $1,360.42 and its two-hundred day moving average price is $1,324.14. The stock has a market cap of $79.89 billion, a P/E ratio of 50.17, a P/E/G ratio of 2.76 and a beta of 1.09.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 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 firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the firm earned $7.99 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that TransDigm Group will post 35.13 EPS for the current year.

Insider Activity

In related news, COO Joel Reiss sold 3,300 shares of the company’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,758,480. The trade was a 47.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 49,241 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at $31,801,615.80. This trade represents a 69.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 150,485 shares of company stock worth $208,214,992 in the last three months. Corporate insiders own 4.09% of the company’s stock.

Institutional Trading of TransDigm Group

Several institutional investors have recently added to or reduced their stakes in TDG. JPMorgan Chase & Co. boosted its position in TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after buying an additional 173,642 shares during the period. Park Avenue Securities LLC boosted its position in TransDigm Group by 29.9% during the fourth quarter. Park Avenue Securities LLC now owns 926 shares of the aerospace company’s stock valued at $1,174,000 after buying an additional 213 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in TransDigm Group by 45.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 720 shares of the aerospace company’s stock valued at $912,000 after buying an additional 226 shares during the period. Gateway Investment Advisers LLC boosted its position in TransDigm Group by 2.6% during the fourth quarter. Gateway Investment Advisers LLC now owns 1,127 shares of the aerospace company’s stock valued at $1,428,000 after buying an additional 29 shares during the period. Finally, Ritholtz Wealth Management boosted its position in TransDigm Group by 14.5% during the fourth quarter. Ritholtz Wealth Management now owns 198 shares of the aerospace company’s stock valued at $251,000 after buying an additional 25 shares during the period. 95.78% of the stock is currently owned by hedge funds and other 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.