TransDigm Group Incorporated (NYSE:TDG) Given Consensus Recommendation of “Moderate Buy” by Analysts

TransDigm Group Incorporated (NYSE:TDG) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $1,452.00.

Several research analysts have recently commented on the company. Citigroup raised their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. 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 report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. raised their price objective 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. Finally, StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th.

TransDigm Group Trading Down 1.6 %

TDG opened at $1,262.41 on Monday. TransDigm Group has a 1-year low of $1,004.25 and a 1-year high of $1,451.32. The firm’s 50 day simple moving average is $1,281.23 and its two-hundred day simple moving average is $1,305.98. The company has a market capitalization of $70.99 billion, a PE ratio of 49.31, a PEG ratio of 2.89 and a beta of 1.38.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. This represents a 71.03 % 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 business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,525 shares of company stock worth $88,134,141 over the last ninety days. Company insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

A number of large investors have recently made changes to their positions in TDG. State Street Corp raised its holdings in shares of TransDigm Group by 1.3% in the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock valued at $3,181,357,000 after purchasing an additional 29,489 shares in the last quarter. JPMorgan Chase & Co. boosted its position in TransDigm Group by 9.5% during the 3rd 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. FMR LLC increased its holdings in shares of TransDigm Group by 2.3% in the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after acquiring an additional 43,604 shares during the period. Geode Capital Management LLC raised its position in shares of TransDigm Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock worth $1,612,583,000 after acquiring an additional 19,314 shares in the last quarter. Finally, Windacre Partnership LLC grew its stake in TransDigm Group by 42.7% in the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after purchasing an additional 217,700 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

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.