TransDigm Group (NYSE:TDG) Upgraded by Northcoast Research to Buy Rating

Northcoast Research upgraded shares of TransDigm Group (NYSE:TDG) from a neutral rating to a buy rating in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has $1,500.00 price target on the aerospace company’s stock.

Several other brokerages also recently commented on TDG. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a research note on Monday, February 24th. Barclays reissued an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Susquehanna increased their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. Finally, StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,471.78.

TransDigm Group Stock Up 0.9 %

Shares of TransDigm Group stock opened at $1,309.66 on Wednesday. The firm’s 50-day moving average price is $1,335.18 and its two-hundred day moving average price is $1,323.99. The company has a market capitalization of $73.45 billion, a price-to-earnings ratio of 46.20, a PEG ratio of 2.76 and a beta of 1.08. TransDigm Group has a 12-month low of $1,176.31 and a 12-month high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share 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 analysts’ expectations of $2.03 billion. During the same period in the prior year, the company earned $7.16 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts expect that TransDigm Group will post 35.13 earnings per share for the current year.

Insider Activity

In other news, Director Robert J. Small sold 1,000 shares of TransDigm Group stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the completion of the transaction, the director now directly owns 95,147 shares in the company, valued at $127,042,177.34. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,594 shares of company stock worth $165,646,468. Company insiders own 4.09% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Hedge funds have recently added to or reduced their stakes in the stock. Gateway Investment Advisers LLC boosted its position in shares of TransDigm Group by 5.1% during the first quarter. Gateway Investment Advisers LLC now owns 1,185 shares of the aerospace company’s stock valued at $1,639,000 after buying an additional 58 shares during the last quarter. Tower Wealth Partners Inc. bought a new stake in shares of TransDigm Group in the 1st quarter worth $237,000. Snider Financial Group lifted its position in shares of TransDigm Group by 0.9% during the first quarter. Snider Financial Group now owns 2,748 shares of the aerospace company’s stock valued at $3,801,000 after purchasing an additional 24 shares in the last quarter. Procyon Advisors LLC grew its position in TransDigm Group by 4.5% in the 1st quarter. Procyon Advisors LLC now owns 2,181 shares of the aerospace company’s stock worth $3,017,000 after purchasing an additional 93 shares in the last quarter. Finally, Chesley Taft & Associates LLC increased its stake in TransDigm Group by 2.0% in the 1st quarter. Chesley Taft & Associates LLC now owns 2,676 shares of the aerospace company’s stock valued at $3,702,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds 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. 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.