TransDigm Group (NYSE:TDG) Upgraded at StockNews.com

by · The Markets Daily

TransDigm Group (NYSE:TDG – Get Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

A number of other equities analysts have also recently issued reports on TDG. Jefferies Financial Group cut their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Wells Fargo & Company cut their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Susquehanna raised their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Citigroup cut their target price on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, UBS Group dropped their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

Read Our Latest Report on TransDigm Group

TransDigm Group Stock Performance

TDG traded up $23.78 during trading hours on Monday, reaching $1,374.76. The company’s stock had a trading volume of 209,950 shares, compared to its average volume of 216,728. The firm has a market cap of $77.14 billion, a PE ratio of 53.70, a price-to-earnings-growth ratio of 1.83 and a beta of 1.43. The company’s 50-day moving average is $1,368.14 and its 200-day moving average is $1,317.19. TransDigm Group has a 52 week low of $949.99 and a 52 week high of $1,451.32.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $5,046,300. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $30,228,611.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,944 shares of company stock worth $23,541,085. Corporate insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fortitude Family Office LLC lifted its position in TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after buying an additional 17 shares in the last quarter. First Personal Financial Services bought a new position in shares of TransDigm Group during the 3rd quarter worth about $29,000. Meeder Asset Management Inc. lifted its holdings in TransDigm Group by 275.0% during the 2nd 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 during the last quarter. DT Investment Partners LLC lifted its holdings in TransDigm Group by 68.8% during the 3rd 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 during the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in shares of TransDigm Group in the second quarter worth about $41,000. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Company Profile

(Get Free Report)

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.

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