TransDigm Group (NYSE:TDG) Receives "Equal Weight" Rating from Barclays

TransDigm Group (NYSE:TDG - Get Free Report)'s stock had its "equal weight" rating reaffirmed by equities research analysts at Barclays in a research note issued on Monday, MarketBeat Ratings reports. They presently have a $1,500.00 price target on the aerospace company's stock. Barclays's price objective would suggest a potential upside of 20.00% from the company's previous close.

A number of other brokerages have also commented on TDG. JPMorgan Chase & Co. increased their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a report on Monday, October 14th. KeyCorp increased their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. StockNews.com lowered shares of TransDigm Group from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $1,444.00 to $1,348.00 in a report on Thursday. Finally, Citigroup boosted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,452.00.

TransDigm Group Price Performance

NYSE:TDG traded down $25.56 during trading hours on Monday, reaching $1,250.00. The company's stock had a trading volume of 363,543 shares, compared to its average volume of 293,648. TransDigm Group has a one year low of $975.00 and a one year high of $1,451.32. The business's 50-day moving average is $1,286.86 and its 200-day moving average is $1,307.86. The company has a market cap of $70.29 billion, a price-to-earnings ratio of 48.83, a price-to-earnings-growth ratio of 2.89 and a beta of 1.38.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert J. Small sold 38,053 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now owns 567,323 shares of the company's stock, 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. Insiders sold a total of 69,525 shares of company stock valued at $88,134,141 over the last ninety days. 4.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. First Personal Financial Services bought a new stake in shares of TransDigm Group in the 3rd quarter worth about $29,000. Erste Asset Management GmbH bought a new stake in TransDigm Group during the third quarter worth about $29,000. Versant Capital Management Inc increased its holdings in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after buying an additional 18 shares in the last quarter. DT Investment Partners LLC raised its stake in shares of TransDigm Group by 68.8% in 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 during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company's stock valued at $38,000 after acquiring an additional 22 shares during the last quarter. 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.