TransDigm Group (NYSE:TDG) Upgraded at StockNews.com

TransDigm Group (NYSE:TDG) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

TDG has been the topic of several other reports. KeyCorp lifted their price target 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. JPMorgan Chase & Co. lifted their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Barclays reissued an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, Citigroup increased their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and an average price target of $1,452.00.

TransDigm Group Price Performance

Shares of TransDigm Group stock traded up $29.62 on Wednesday, hitting $1,281.75. The company had a trading volume of 319,543 shares, compared to its average volume of 278,269. TransDigm Group has a 52 week low of $985.29 and a 52 week high of $1,451.32. The company has a market cap of $72.07 billion, a PE ratio of 50.07, a PEG ratio of 2.89 and a beta of 1.38. The business has a 50-day simple moving average of $1,282.46 and a 200-day simple moving average of $1,306.66.

Insider Activity

In related news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the completion of the transaction, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,525 shares of company stock worth $88,134,141. 4.96% of the stock is owned by corporate insiders.

Institutional Trading of TransDigm Group

A number of institutional investors have recently bought and sold shares of TDG. Souders Financial Advisors raised its stake in shares of TransDigm Group by 1.0% during the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after purchasing an additional 8 shares in the last quarter. Prosperity Financial Group Inc. increased its holdings in TransDigm Group by 3.6% in the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after buying an additional 8 shares during the last quarter. DT Investment Partners LLC raised its position in TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 11 shares in the last quarter. Wellington Management Group LLP lifted its stake in TransDigm Group by 0.6% in the third quarter. Wellington Management Group LLP now owns 1,913 shares of the aerospace company’s stock valued at $2,730,000 after acquiring an additional 11 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in TransDigm Group by 7.5% in the second quarter. EverSource Wealth Advisors LLC now owns 171 shares of the aerospace company’s stock worth $221,000 after acquiring an additional 12 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

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.