TransDigm Group (NYSE:TDG) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of TransDigm Group (NYSE:TDGFree Report) from a hold rating to a buy rating in a research note issued to investors on Saturday.

A number of other brokerages also recently issued reports on TDG. Susquehanna raised their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a neutral rating in a report on Wednesday, May 8th. Morgan Stanley raised their target price on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the stock an overweight rating in a research note on Thursday, May 9th. Barclays lifted their price objective on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the company an overweight rating in a research report on Monday, May 13th. The Goldman Sachs Group boosted their price target on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. Finally, Citigroup boosted their price target on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a buy rating in a research report on Thursday, April 4th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, TransDigm Group presently has an average rating of Moderate Buy and a consensus target price of $1,327.44.

Check Out Our Latest Research Report on TransDigm Group

TransDigm Group Trading Up 1.6 %

Shares of NYSE TDG opened at $1,312.76 on Friday. TransDigm Group has a 12 month low of $768.05 and a 12 month high of $1,330.82. The firm has a market capitalization of $73.46 billion, a PE ratio of 52.07, a price-to-earnings-growth ratio of 2.47 and a beta of 1.40. The firm has a fifty day simple moving average of $1,240.28 and a two-hundred day simple moving average of $1,113.59.

TransDigm Group (NYSE:TDGGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating the consensus estimate of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the firm posted $5.39 EPS. TransDigm Group’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, sell-side analysts predict that TransDigm Group will post 29.96 earnings per share for the current year.

Insider Activity

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $1,172.26, for a total value of $3,516,780.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,220,136. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $9,921,433.28. The disclosure for this sale can be found here. In the last quarter, insiders purchased 11 shares of company stock worth $5,950 and sold 63,434 shares worth $76,847,440. Company insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

A number of institutional investors have recently modified their holdings of TDG. Whittier Trust Co. of Nevada Inc. boosted its position in TransDigm Group by 0.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock worth $1,190,000 after purchasing an additional 8 shares in the last quarter. Team Hewins LLC boosted its position in TransDigm Group by 3.0% during the first quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock worth $339,000 after purchasing an additional 8 shares in the last quarter. Souders Financial Advisors boosted its position in TransDigm Group by 1.1% during the first quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock worth $945,000 after purchasing an additional 8 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in TransDigm Group by 1.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock worth $577,000 after purchasing an additional 9 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in TransDigm Group by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 918 shares of the aerospace company’s stock worth $1,131,000 after purchasing an additional 9 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other 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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Analyst Recommendations for TransDigm Group (NYSE:TDG)

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