TransDigm Group (NYSE:TDG) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of TransDigm Group (NYSE:TDG) from a buy rating to a hold rating in a research note released on Monday morning.

Several other research firms also recently weighed in on TDG. TD Cowen upped their price objective on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a buy rating in a report on Wednesday, May 8th. Stifel Nicolaus upped their price objective on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a hold rating in a report on Friday, June 7th. The Goldman Sachs Group upped their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Truist Financial upped their price objective on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a buy rating in a report on Wednesday, July 17th. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Thursday, June 27th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $1,417.19.

TransDigm Group Stock Performance

Shares of TDG opened at $1,231.12 on Monday. TransDigm Group has a 1 year low of $802.46 and a 1 year high of $1,369.57. The company has a market cap of $68.89 billion, a price-to-earnings ratio of 48.83, a price-to-earnings-growth ratio of 2.07 and a beta of 1.38. The firm has a fifty day moving average of $1,281.41 and a 200-day moving average of $1,234.04.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.77 by $1.23. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.65%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.55 earnings per share. Analysts predict that TransDigm Group will post 30.21 EPS for the current year.

Insiders Place Their Bets

In other TransDigm Group news, Director Robert J. Small sold 30,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $1,323.86, for a total transaction of $39,715,800.00. Following the sale, the director now owns 112,381 shares in the company, valued at approximately $148,776,710.66. The transaction was disclosed in a filing with the SEC, which is available through this link. In other TransDigm Group news, Director Robert J. Small sold 30,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $1,323.86, for a total transaction of $39,715,800.00. Following the sale, the director now owns 112,381 shares in the company, valued at approximately $148,776,710.66. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $1,292.89, for a total value of $12,928,900.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,547,396.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 105,708 shares of company stock worth $137,640,845. Company insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. grew its stake in TransDigm Group by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock valued at $1,190,000 after acquiring an additional 8 shares in the last quarter. Team Hewins LLC grew its stake in TransDigm Group by 3.0% during the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock valued at $339,000 after acquiring an additional 8 shares in the last quarter. Souders Financial Advisors grew its stake in TransDigm Group by 1.1% during the 1st quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock valued at $945,000 after acquiring an additional 8 shares in the last quarter. Bennett Selby Investments LP grew its stake in TransDigm Group by 2.4% during the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock valued at $429,000 after acquiring an additional 8 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in shares of TransDigm Group by 1.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock valued at $577,000 after buying an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.