TransDigm Group (NYSE:TDG) Upgraded by UBS Group to "Buy" Rating

UBS Group upgraded shares of TransDigm Group (NYSE:TDG - Free Report) from a neutral rating to a buy rating in a report issued on Monday, MarketBeat reports. They currently have $1,595.00 target price on the aerospace company's stock.

TDG has been the topic of several other reports. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Wells Fargo & Company upgraded shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Citigroup increased their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, Truist Financial increased their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,472.47.

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TransDigm Group Stock Up 1.2 %

Shares of TDG traded up $15.45 during mid-day trading on Monday, reaching $1,348.25. 156,240 shares of the stock traded hands, compared to its average volume of 257,285. The stock has a fifty day simple moving average of $1,310.51 and a 200 day simple moving average of $1,322.54. TransDigm Group has a 12-month low of $1,136.27 and a 12-month high of $1,451.32. The firm has a market cap of $75.62 billion, a price-to-earnings ratio of 47.56, a P/E/G ratio of 2.76 and a beta of 1.40.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm's revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.16 EPS. On average, equities research analysts expect that TransDigm Group will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Robert J. Small sold 38,053 shares of TransDigm Group 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 value of $47,519,825.34. Following the transaction, the director now owns 567,323 shares of the company's stock, valued at $708,461,615.94. The trade was a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,647 shares of company stock valued at $155,847,223 over the last quarter. Corporate insiders own 4.09% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. First Personal Financial Services purchased a new position in shares of TransDigm Group in the third quarter worth approximately $29,000. Erste Asset Management GmbH purchased a new stake in shares of TransDigm Group in the third quarter worth approximately $29,000. Capital Advisors Ltd. LLC boosted its holdings in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont grew its position in TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 15 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after acquiring an additional 18 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

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.