TransDigm Group (NYSE:TDG) Raised to "Buy" at StockNews.com

StockNews.com upgraded shares of TransDigm Group (NYSE:TDG - Free Report) from a hold rating to a buy rating in a report issued on Tuesday.

Other research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Wells Fargo & Company lifted their price objective on TransDigm Group from $1,500.00 to $1,580.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Susquehanna increased their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Barclays restated an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Finally, UBS Group upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a research note on Monday, February 24th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,471.78.

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TransDigm Group Price Performance

TDG traded up $11.46 on Tuesday, hitting $1,309.66. The company had a trading volume of 268,284 shares, compared to its average volume of 250,497. TransDigm Group has a 52-week low of $1,176.31 and a 52-week high of $1,451.32. The stock has a fifty day simple moving average of $1,335.18 and a 200-day simple moving average of $1,323.99. The firm has a market capitalization of $73.45 billion, a P/E ratio of 46.20, a P/E/G ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share 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 analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm's revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $7.16 earnings per share. Equities research analysts expect that TransDigm Group will post 35.13 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robert J. Small sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the completion of the sale, the director now directly owns 95,147 shares in the company, valued at approximately $127,042,177.34. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,896,144. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock valued at $165,646,468 in the last ninety days. 4.09% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TransDigm Group

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in TransDigm Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock worth $7,946,863,000 after buying an additional 79,284 shares in the last quarter. Capital World Investors increased its holdings in TransDigm Group by 4.3% in the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock worth $4,805,434,000 after acquiring an additional 155,541 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of TransDigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock worth $2,793,908,000 after purchasing an additional 206,822 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock valued at $2,694,585,000 after purchasing an additional 185,422 shares during the period. Finally, FMR LLC raised its position in shares of TransDigm Group by 0.3% during the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock valued at $2,440,268,000 after purchasing an additional 5,414 shares during the period. 95.78% of the stock is owned by institutional investors.

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.