TransDigm Group (NYSE:TDG) Rating Increased to Buy at StockNews.com

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

Several other research firms also recently commented on TDG. Truist Financial raised their price objective on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Susquehanna raised their price objective on shares of TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. KeyCorp raised their price objective on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Stifel Nicolaus raised their price objective on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Finally, The Goldman Sachs Group raised their price objective on shares of TransDigm Group from $1,164.00 to $1,285.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,096.73.

TransDigm Group Stock Up 1.7 %

TDG stock traded up $19.92 during trading on Tuesday, reaching $1,200.92. The stock had a trading volume of 174,351 shares, compared to its average volume of 222,827. TransDigm Group has a one year low of $689.66 and a one year high of $1,207.58. The company’s 50 day moving average is $1,127.05 and its two-hundred day moving average is $990.79. The company has a market capitalization of $66.78 billion, a price-to-earnings ratio of 50.97, a P/E/G ratio of 2.45 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the firm posted $4.15 EPS. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. As a group, research analysts predict that TransDigm Group will post 28.98 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Michael Lisman sold 8,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $1,198.50, for a total value of $9,588,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director W Nicholas Howley sold 38,863 shares of TransDigm Group stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $1,015.05, for a total transaction of $39,447,888.15. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $21,872,297.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael Lisman sold 8,000 shares of TransDigm Group stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1,198.50, for a total transaction of $9,588,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,480 shares of company stock valued at $100,102,829. Insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TDG. Fisher Asset Management LLC purchased a new position in shares of TransDigm Group during the fourth quarter valued at approximately $227,000. Wellington Management Group LLP grew its position in TransDigm Group by 22.2% during the fourth quarter. Wellington Management Group LLP now owns 2,640 shares of the aerospace company’s stock valued at $2,671,000 after buying an additional 479 shares during the period. American International Group Inc. grew its position in TransDigm Group by 2.6% during the fourth quarter. American International Group Inc. now owns 15,225 shares of the aerospace company’s stock valued at $15,402,000 after buying an additional 382 shares during the period. EP Wealth Advisors LLC grew its position in TransDigm Group by 1.6% during the fourth quarter. EP Wealth Advisors LLC now owns 6,045 shares of the aerospace company’s stock valued at $6,115,000 after buying an additional 96 shares during the period. Finally, Syon Capital LLC grew its position in TransDigm Group by 5.9% during the fourth quarter. Syon Capital LLC now owns 304 shares of the aerospace company’s stock valued at $308,000 after buying an additional 17 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.