TransDigm Group (NYSE:TDG) Rating Lowered to Hold at StockNews.com

TransDigm Group (NYSE:TDG) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. KeyCorp increased their target price on shares of 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. Citigroup upped their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group cut their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,464.00.

TransDigm Group Stock Down 1.1 %

NYSE:TDG opened at $1,279.21 on Friday. TransDigm Group has a 52 week low of $965.69 and a 52 week high of $1,451.32. The firm has a 50 day moving average of $1,333.48 and a 200 day moving average of $1,315.82. The stock has a market capitalization of $71.93 billion, a price-to-earnings ratio of 49.97, a PEG ratio of 2.99 and a beta of 1.39.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $5,046,300. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,944 shares of company stock worth $23,541,085 over the last 90 days. 4.96% of the stock is currently owned by company insiders.

Institutional Trading of TransDigm Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Personal Financial Services purchased a new position in TransDigm Group during the third quarter valued at $29,000. Erste Asset Management GmbH purchased a new position in TransDigm Group during the third quarter valued at $29,000. DT Investment Partners LLC lifted its holdings in TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 11 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 22 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in TransDigm Group during the second quarter valued at $41,000. Institutional investors and hedge funds 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.