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

StockNews.com upgraded shares of TransDigm Group (NYSE:TDG) from a hold rating to a buy rating in a research note released on Saturday morning.

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

TransDigm Group Stock Performance

Shares of TDG opened at $1,438.79 on Friday. TransDigm Group has a 1 year low of $1,176.31 and a 1 year high of $1,488.54. The company has a market cap of $80.81 billion, a price-to-earnings ratio of 50.75, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. The firm has a fifty day moving average of $1,362.67 and a 200-day moving average of $1,325.19.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.99 earnings per share. Analysts predict that TransDigm Group will post 35.13 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,762,872. This represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Small sold 40,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the sale, the director now directly owns 98,185 shares of the company’s stock, valued at $132,138,354.85. This represents a 28.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 145,013 shares of company stock valued at $201,014,223. 4.09% of the stock is owned by insiders.

Institutional Trading of TransDigm Group

A number of hedge funds have recently bought and sold shares of the company. Winch Advisory Services LLC lifted its stake in TransDigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after buying an additional 7 shares in the last quarter. Resonant Capital Advisors LLC increased its holdings in shares of TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock valued at $585,000 after purchasing an additional 8 shares during the period. Quent Capital LLC increased its holdings in shares of TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock valued at $167,000 after purchasing an additional 8 shares during the period. Lindbrook Capital LLC increased its holdings in shares of TransDigm Group by 3.6% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock valued at $293,000 after purchasing an additional 8 shares during the period. Finally, Rothschild Investment LLC increased its holdings in shares of TransDigm Group by 13.1% in the 1st quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company’s stock valued at $95,000 after purchasing an additional 8 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

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.