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

TransDigm Group (NYSE:TDG) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other brokerages also recently issued reports on TDG. Morgan Stanley increased their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Northcoast Research started coverage on shares of TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating for the company. Wells Fargo & Company cut their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. KeyCorp upped their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Truist Financial upped their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,461.82.

TransDigm Group Price Performance

NYSE TDG traded up $23.78 on Monday, hitting $1,374.76. 209,950 shares of the stock were exchanged, compared to its average volume of 216,728. The business’s fifty day moving average is $1,368.14 and its 200 day moving average is $1,317.19. TransDigm Group has a 52 week low of $949.99 and a 52 week high of $1,451.32. The company has a market capitalization of $77.14 billion, a PE ratio of 53.70, a P/E/G ratio of 1.83 and a beta of 1.43.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,944 shares of company stock valued at $23,541,085 in the last ninety days. 4.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On TransDigm Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in TransDigm Group by 17.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after acquiring an additional 567 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of TransDigm Group by 26.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock valued at $4,888,000 after purchasing an additional 789 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of TransDigm Group by 4.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 19,322 shares of the aerospace company’s stock valued at $23,781,000 after purchasing an additional 819 shares during the period. O Shaughnessy Asset Management LLC raised its position in TransDigm Group by 19.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,798 shares of the aerospace company’s stock worth $3,446,000 after acquiring an additional 452 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in TransDigm Group by 90.5% during the first quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock worth $4,945,000 after acquiring an additional 1,907 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.