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

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

Other research analysts have also recently issued reports about the stock. Barclays restated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Citigroup lifted their price target on shares of 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 increased their price objective on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. Finally, Truist Financial lifted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and a consensus price target of $1,477.18.

TransDigm Group Stock Up 0.3 %

TDG traded up $4.16 on Monday, hitting $1,381.36. The company had a trading volume of 380,984 shares, compared to its average volume of 242,629. The business’s fifty day simple moving average is $1,344.01 and its 200 day simple moving average is $1,329.97. TransDigm Group has a 12-month low of $1,176.31 and a 12-month high of $1,451.32. The company has a market cap of $77.47 billion, a PE ratio of 48.73, a PEG ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.16 earnings per share. On average, analysts anticipate that TransDigm Group will post 35.13 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,337,899.18. This represents a 71.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,896,144. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,594 shares of company stock valued at $165,646,468 in the last ninety days. Company insiders own 4.09% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Several hedge funds have recently added to or reduced their stakes in the business. Townsquare Capital LLC raised its position in TransDigm Group by 25.0% during the third quarter. Townsquare Capital LLC now owns 1,276 shares of the aerospace company’s stock valued at $1,821,000 after acquiring an additional 255 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of TransDigm Group by 13.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,453 shares of the aerospace company’s stock worth $3,501,000 after purchasing an additional 300 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of TransDigm Group by 17.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 14,721 shares of the aerospace company’s stock valued at $21,004,000 after purchasing an additional 2,224 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of TransDigm Group by 0.8% in the 3rd quarter. Captrust Financial Advisors now owns 2,449 shares of the aerospace company’s stock valued at $3,494,000 after purchasing an additional 20 shares during the period. Finally, Cobblestone Capital Advisors LLC NY purchased a new stake in TransDigm Group during the third quarter worth $214,000. 95.78% of the stock is 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.