TransDigm Group (NYSE:TDG) Earns “Equal Weight” Rating from Barclays

TransDigm Group (NYSE:TDG)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays in a research note issued to investors on Monday,Benzinga reports. They currently have a $1,500.00 target price on the aerospace company’s stock. Barclays‘s price objective indicates a potential upside of 17.60% from the company’s previous close.

A number of other research firms have also commented on TDG. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday. KeyCorp lifted their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Finally, Wells Fargo & Company lowered their price target on 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. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,452.00.

TransDigm Group Stock Up 1.7 %

Shares of NYSE TDG opened at $1,275.56 on Monday. TransDigm Group has a 12 month low of $974.05 and a 12 month high of $1,451.32. The company has a market cap of $71.72 billion, a price-to-earnings ratio of 49.83, a P/E/G ratio of 2.89 and a beta of 1.39. The business has a fifty day simple moving average of $1,286.86 and a 200-day simple moving average of $1,307.86.

Insider Activity

In other news, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the transaction, the director now owns 567,323 shares of the company’s stock, valued at $708,461,615.94. This trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,525 shares of company stock worth $88,134,141. 4.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TransDigm Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Windacre Partnership LLC grew its holdings in TransDigm Group by 42.7% in the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after buying an additional 217,700 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares during the last quarter. Darsana Capital Partners LP bought a new position in TransDigm Group during the second quarter worth $210,806,000. International Assets Investment Management LLC raised its stake in TransDigm Group by 108,517.8% during the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after purchasing an additional 48,833 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in TransDigm Group by 2,868.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock valued at $60,136,000 after purchasing an additional 48,769 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

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.