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

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

Several other brokerages have also recently weighed in on TDG. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Wells Fargo & Company raised their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Finally, Truist Financial upped their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,477.18.

TransDigm Group Trading Up 0.9 %

Shares of TDG opened at $1,395.22 on Monday. The stock has a market cap of $78.25 billion, a PE ratio of 49.21, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group has a 1 year low of $1,176.31 and a 1 year high of $1,451.32. The stock has a 50 day simple moving average of $1,344.78 and a 200-day simple moving average of $1,330.16.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the company posted $7.16 earnings per share. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, sell-side analysts forecast that TransDigm Group will post 35.13 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,337,899.18. This trade represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,896,144. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock worth $165,646,468 in the last three months. Insiders own 4.09% of the company’s stock.

Institutional Trading of TransDigm Group

Several hedge funds have recently added to or reduced their stakes in the business. Erste Asset Management GmbH bought a new stake in shares of TransDigm Group in the third quarter worth about $29,000. Capital Advisors Ltd. LLC grew its position in shares of TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont increased its stake in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in TransDigm Group during the 4th quarter worth approximately $32,000. Finally, Versant Capital Management Inc lifted its stake in TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

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.