StockNews.com Upgrades TransDigm Group (NYSE:TDG) to Buy

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

A number of other research analysts also recently commented on TDG. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday. Citigroup raised their price objective on 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. Wells Fargo & Company cut their target price on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft cut shares of 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 research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,452.00.

TransDigm Group Price Performance

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

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,525 shares of company stock worth $88,134,141 over the last ninety days. Corporate insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Several hedge funds have recently added to or reduced their stakes in the stock. First Personal Financial Services purchased a new stake in TransDigm Group in the third quarter valued at approximately $29,000. Erste Asset Management GmbH purchased a new stake in TransDigm Group in the 3rd quarter valued at $29,000. Versant Capital Management Inc boosted its stake in 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 purchasing an additional 18 shares during the period. Meeder Asset Management Inc. boosted its stake in TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares during the period. Finally, DT Investment Partners LLC grew its position in TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 11 shares during the last quarter. 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.