TransDigm Group (NYSE:TDG) Raised to Buy at Northcoast Research

Northcoast Research upgraded shares of TransDigm Group (NYSE:TDG - Free Report) from a neutral rating to a buy rating in a research report released on Wednesday, MarketBeat Ratings reports. The firm currently has $1,500.00 target price on the aerospace company's stock.

Several other research analysts also recently issued reports on TDG. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Tuesday, April 8th. Wells Fargo & Company dropped their price objective on shares of TransDigm Group from $1,580.00 to $1,410.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Barclays reissued an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a research report on Monday, February 24th. Finally, Susquehanna upped their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,471.78.

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TransDigm Group Stock Performance

Shares of NYSE:TDG traded up $12.96 during trading on Wednesday, reaching $1,326.05. The company had a trading volume of 104,189 shares, compared to its average volume of 250,161. TransDigm Group has a twelve month low of $1,176.31 and a twelve month high of $1,451.32. The firm's fifty day moving average is $1,335.18 and its 200 day moving average is $1,323.45. The firm has a market capitalization of $74.37 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (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 net margin of 20.76% and a negative return on equity of 42.87%. The company's revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the business earned $7.16 EPS. Equities analysts predict that TransDigm Group will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,896,144. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $11,046,584.64. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,594 shares of company stock valued at $140,302,268. 4.09% of the stock is currently owned by company insiders.

Institutional Trading of TransDigm Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in TransDigm Group by 0.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,913 shares of the aerospace company's stock worth $2,730,000 after purchasing an additional 11 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of TransDigm Group during the third quarter valued at approximately $253,000. Orion Portfolio Solutions LLC grew its position in TransDigm Group by 6.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 1,068 shares of the aerospace company's stock valued at $1,524,000 after acquiring an additional 61 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of TransDigm Group by 7.9% in the third quarter. MML Investors Services LLC now owns 5,220 shares of the aerospace company's stock worth $7,450,000 after purchasing an additional 380 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in TransDigm Group by 7.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company's stock worth $23,295,000 after acquiring an additional 1,086 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

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.