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

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

Several other research firms also recently weighed in on TDG. Stifel Nicolaus lifted their target price on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. UBS Group lifted their target price on shares of TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Robert W. Baird raised their price target on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Finally, Morgan Stanley raised their price target on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and an average price target of $1,327.44.

TransDigm Group Price Performance

Shares of TDG opened at $1,291.95 on Friday. The firm’s 50 day moving average is $1,237.06 and its 200-day moving average is $1,106.55. The stock has a market capitalization of $72.30 billion, a P/E ratio of 51.25, a P/E/G ratio of 2.46 and a beta of 1.39. TransDigm Group has a 12-month low of $768.05 and a 12-month high of $1,330.82.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping the consensus estimate of $7.42 by $0.57. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period last year, the firm posted $5.39 earnings per share. As a group, equities research analysts forecast that TransDigm Group will post 29.96 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 197 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at $9,921,433.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 197 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total transaction of $259,673.58. The disclosure for this sale can be found here. Over the last three months, insiders bought 11 shares of company stock worth $5,950 and sold 63,434 shares worth $76,847,440. 4.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wedge Capital Management L L P NC lifted its position in shares of TransDigm Group by 2,361.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock worth $79,909,000 after acquiring an additional 75,784 shares during the period. Townsquare Capital LLC boosted its stake in TransDigm Group by 4.5% during the third quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock worth $2,235,000 after buying an additional 114 shares in the last quarter. Pacer Advisors Inc. increased its holdings in TransDigm Group by 26.2% in the 4th quarter. Pacer Advisors Inc. now owns 5,727 shares of the aerospace company’s stock valued at $5,793,000 after buying an additional 1,188 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of TransDigm Group by 14.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,404 shares of the aerospace company’s stock valued at $7,490,000 after buying an additional 962 shares in the last quarter. Finally, Chicago Capital LLC lifted its holdings in shares of TransDigm Group by 3.3% during the 4th quarter. Chicago Capital LLC now owns 48,317 shares of the aerospace company’s stock worth $48,877,000 after acquiring an additional 1,523 shares during the period. Institutional investors 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.