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

StockNews.com upgraded shares of TransDigm Group (NYSE:TDG) from a hold rating to a buy rating in a report published on Tuesday.

TDG has been the subject of a number of other reports. Truist Financial upped their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. 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. Wells Fargo & Company increased their price objective on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. 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 report on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus price target of $1,470.12.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,229.86 on Tuesday. The stock’s 50-day moving average is $1,337.88 and its two-hundred day moving average is $1,326.41. TransDigm Group has a 1 year low of $1,176.31 and a 1 year high of $1,451.32. The firm has a market cap of $68.98 billion, a price-to-earnings ratio of 43.38, a PEG ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $7.16 EPS. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, research analysts predict that TransDigm Group will post 35.13 EPS for the current year.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,892,616. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock valued at $165,646,468 in the last quarter. 4.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in TransDigm Group by 177,412.3% during the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company’s stock valued at $1,716,401,000 after buying an additional 1,240,112 shares during the last quarter. Norges Bank acquired a new stake in shares of TransDigm Group during the fourth quarter valued at $973,353,000. Proficio Capital Partners LLC increased its position in TransDigm Group by 286,247.1% during the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after purchasing an additional 729,930 shares in the last quarter. Edgewood Management LLC acquired a new position in TransDigm Group in the 4th quarter valued at about $399,595,000. Finally, JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after purchasing an additional 206,822 shares in the last quarter. 95.78% of the stock is 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.