TransDigm Group (NYSE:TDG) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of TransDigm Group (NYSE:TDG) from a buy rating to a hold rating in a research note published on Monday.

A number of other research firms also recently commented on TDG. Stifel Nicolaus boosted their price target on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a hold rating in a research report on Friday, June 7th. UBS Group boosted their price objective on shares of TransDigm Group from $1,403.00 to $1,466.00 and gave the stock a neutral rating in a research note on Monday, July 1st. Northcoast Research started coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They set a neutral rating for the company. KeyCorp upped their target price on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an overweight rating in a report on Tuesday, May 28th. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Thursday, June 27th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $1,417.69.

TransDigm Group Stock Performance

TDG traded up $27.92 on Monday, hitting $1,237.37. 404,997 shares of the company were exchanged, compared to its average volume of 226,438. The business’s fifty day moving average is $1,287.02 and its 200 day moving average is $1,233.02. TransDigm Group has a fifty-two week low of $802.46 and a fifty-two week high of $1,369.57. The firm has a market capitalization of $69.24 billion, a P/E ratio of 50.16, a price-to-earnings-growth ratio of 2.03 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm posted $5.39 earnings per share. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. Analysts forecast that TransDigm Group will post 30.21 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In other news, Director W Nicholas Howley sold 197 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total transaction of $259,673.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the sale, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 197 shares of TransDigm Group stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The disclosure for this sale can be found here. Insiders have sold a total of 105,905 shares of company stock worth $137,900,519 over the last quarter. Insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in TransDigm Group during the fourth quarter worth $790,822,000. Capital World Investors lifted its position in TransDigm Group by 14.3% during the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after buying an additional 442,182 shares during the period. Cerity Partners LLC lifted its position in TransDigm Group by 34,288.0% during the fourth quarter. Cerity Partners LLC now owns 205,640 shares of the aerospace company’s stock worth $208,025,000 after buying an additional 205,042 shares during the period. JPMorgan Chase & Co. increased its stake in TransDigm Group by 13.1% during the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock worth $2,056,109,000 after acquiring an additional 192,962 shares during the last quarter. Finally, Linonia Partnership LP acquired a new stake in TransDigm Group during the fourth quarter worth about $96,884,000. 95.78% of the stock is currently 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.