TransDigm Group (NYSE:TDG) Cut to Hold at StockNews.com

TransDigm Group (NYSE:TDG - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.

TDG has been the subject of a number of other research reports. KeyCorp increased their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Jefferies Financial Group decreased their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating on the stock in a report on Tuesday, August 13th. Citigroup increased their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,464.00.

TransDigm Group Stock Down 1.2 %

TransDigm Group stock traded down $15.86 during mid-day trading on Friday, reaching $1,277.00. The company had a trading volume of 289,887 shares, compared to its average volume of 227,145. The company has a 50 day moving average of $1,333.48 and a 200-day moving average of $1,315.97. TransDigm Group has a 52 week low of $965.69 and a 52 week high of $1,451.32. The firm has a market cap of $71.81 billion, a price-to-earnings ratio of 49.88, a PEG ratio of 2.88 and a beta of 1.39.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the sale, the director now owns 21,548 shares of the company's stock, valued at $30,228,611.80. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,944 shares of company stock valued at $23,541,085. Company insiders own 4.96% of the company's stock.

Hedge Funds Weigh In On TransDigm Group

Institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in TransDigm Group by 17.0% during the second 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 holdings in shares of TransDigm Group by 26.0% during the 2nd 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 in the last quarter. CIBC Asset Management Inc grew its position in shares of TransDigm Group by 8.6% in the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company's stock valued at $11,658,000 after purchasing an additional 644 shares during the period. Swiss National Bank raised its holdings in TransDigm Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock worth $237,046,000 after buying an additional 1,400 shares during the period. Finally, Westfield Capital Management Co. LP raised its holdings in TransDigm Group by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock worth $530,980,000 after buying an additional 8,655 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.

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