TransDigm Group (NYSE:TDG) Stock Rating Upgraded by StockNews.com

TransDigm Group (NYSE:TDG) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Several other research firms have also recently weighed in on TDG. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday. Citigroup upped their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Wells Fargo & Company reduced their target price on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Finally, KeyCorp lifted their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,452.00.

TransDigm Group Price Performance

NYSE TDG opened at $1,281.75 on Wednesday. The stock’s 50-day moving average is $1,282.07 and its 200-day moving average is $1,306.49. TransDigm Group has a one year low of $985.29 and a one year high of $1,451.32. The firm has a market cap of $72.07 billion, a P/E ratio of 50.07, a P/E/G ratio of 2.89 and a beta of 1.38.

Insider Buying and Selling at TransDigm Group

In related news, Director Robert J. Small sold 38,053 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 567,323 shares of the company’s stock, valued at $708,461,615.94. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,525 shares of company stock worth $88,134,141. 4.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TransDigm Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fulton Bank N.A. raised its position in shares of TransDigm Group by 10.7% in the 4th quarter. Fulton Bank N.A. now owns 249 shares of the aerospace company’s stock worth $316,000 after purchasing an additional 24 shares during the last quarter. Diversified Trust Co raised its holdings in TransDigm Group by 5.3% in the fourth quarter. Diversified Trust Co now owns 4,017 shares of the aerospace company’s stock worth $5,091,000 after buying an additional 202 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of TransDigm Group by 18.1% in the fourth quarter. GAMMA Investing LLC now owns 699 shares of the aerospace company’s stock worth $886,000 after buying an additional 107 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of TransDigm Group by 9.5% during 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 acquiring an additional 173,642 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.