TransDigm Group (NYSE:TDG) Raised to Overweight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of TransDigm Group (NYSE:TDG - Free Report) from an equal weight rating to an overweight rating in a research note released on Friday, MarketBeat.com reports. Wells Fargo & Company currently has $1,500.00 price objective on the aerospace company's stock, up from their previous price objective of $1,375.00.

A number of other research firms have also commented on TDG. Truist Financial lifted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. KeyCorp increased their price objective 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. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and cut their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Barclays restated an "equal weight" rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Finally, StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,462.35.

TransDigm Group Trading Up 1.5 %

NYSE TDG traded up $19.81 during trading on Friday, hitting $1,355.11. 127,552 shares of the company traded hands, compared to its average volume of 256,052. TransDigm Group has a 12 month low of $1,100.86 and a 12 month high of $1,451.32. The business has a fifty day simple moving average of $1,296.16 and a 200 day simple moving average of $1,315.82. The company has a market capitalization of $75.99 billion, a P/E ratio of 47.81, a PEG ratio of 2.86 and a beta of 1.40.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $7.16 earnings per share. Equities research analysts predict that TransDigm Group will post 34.11 EPS for the current fiscal year.

Insider Activity

In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares of the company's stock, valued at $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 directly owns 8,158 shares in the company, valued at $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,525 shares of company stock valued at $112,769,801 over the last three months. 4.09% of the stock is owned by insiders.

Institutional Investors Weigh In On TransDigm Group

Hedge funds have recently bought and sold shares of the company. State Street Corp raised its position in shares of TransDigm Group by 1.3% during the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company's stock worth $3,181,357,000 after purchasing an additional 29,489 shares during the period. Principal Financial Group Inc. lifted its stake in TransDigm Group by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock valued at $2,694,585,000 after buying an additional 185,422 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after buying an additional 173,642 shares during the period. FMR LLC increased its position in shares of TransDigm Group by 2.3% during the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company's stock worth $2,740,348,000 after acquiring an additional 43,604 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company's stock worth $1,612,583,000 after purchasing an additional 19,314 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.