TransDigm Group (NYSE:TDG) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of TransDigm Group (NYSE:TDG) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Other equities research analysts have also issued reports about the stock. Citigroup lifted 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, December 5th. Barclays reiterated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a report 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 for the company in a research report on Monday, February 24th. Truist Financial boosted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,477.18.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,381.36 on Monday. The firm has a market cap of $77.47 billion, a price-to-earnings ratio of 48.73, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The stock’s 50-day moving average is $1,344.01 and its 200-day moving average is $1,329.97. TransDigm Group has a one year low of $1,176.31 and a one year high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its 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 firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.16 EPS. On average, equities analysts expect that TransDigm Group will post 35.13 EPS for the current year.

Insider Buying and Selling

In other news, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. This trade represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Wednesday, January 15th. The shares were 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 owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,594 shares of company stock valued at $165,646,468. Insiders own 4.09% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

A number of hedge funds have recently added to or reduced their stakes in TDG. Erste Asset Management GmbH acquired a new position in shares of TransDigm Group in the 3rd quarter valued at approximately $29,000. Capital Advisors Ltd. LLC lifted its stake in TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 15 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of TransDigm Group in the 4th quarter valued at $32,000. Finally, Versant Capital Management Inc raised its holdings in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after buying an additional 18 shares in the last quarter. Institutional investors 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.