TransDigm Group’s (TDG) Equal Weight Rating Reiterated at Barclays

Barclays reissued their equal weight rating on shares of TransDigm Group (NYSE:TDG) in a report issued on Monday, MarketBeat reports. The firm currently has a $1,500.00 price target on the aerospace company’s stock.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Wells Fargo & Company decreased their price objective 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. Citigroup upped their target price on shares of 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 research note on Thursday, October 24th. Finally, StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,452.00.

TransDigm Group Stock Performance

TDG opened at $1,250.00 on Monday. The stock’s 50 day moving average price is $1,286.86 and its 200-day moving average price is $1,307.86. TransDigm Group has a one year low of $975.00 and a one year high of $1,451.32. The stock has a market cap of $70.29 billion, a price-to-earnings ratio of 48.83, a P/E/G ratio of 2.89 and a beta of 1.38.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group 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 value of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, 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 SEC, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,181,755.06. This trade represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,525 shares of company stock worth $88,134,141 over the last three months. Corporate insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. CIBC Asset Management Inc raised its position in TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock worth $11,658,000 after buying an additional 644 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of TransDigm Group by 3.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after purchasing an additional 7,947 shares during the last quarter. JPMorgan Chase & Co. lifted its position in 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 purchasing an additional 173,642 shares during the period. Westfield Capital Management Co. LP boosted its holdings in TransDigm Group by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock valued at $530,980,000 after purchasing an additional 8,655 shares during the last quarter. Finally, Swiss National Bank grew its position in TransDigm Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock worth $237,046,000 after purchasing an additional 1,400 shares during the period. 95.78% of the stock is currently 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.