TransDigm Group (NYSE:TDG) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of TransDigm Group (NYSE:TDG) from an equal weight rating to an overweight rating in a research report report published on Friday, Marketbeat Ratings reports. They currently have $1,500.00 price objective on the aerospace company’s stock, up from their previous price objective of $1,375.00.

Several other brokerages have also issued reports on TDG. Truist Financial upped their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised 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. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Barclays reiterated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,462.35.

TransDigm Group Stock Up 2.3 %

Shares of NYSE:TDG opened at $1,329.35 on Friday. The firm has a market cap of $74.55 billion, a P/E ratio of 46.89, a P/E/G ratio of 2.86 and a beta of 1.40. TransDigm Group has a 12 month low of $1,100.86 and a 12 month high of $1,451.32. The company’s 50-day moving average price is $1,294.68 and its two-hundred day moving average price is $1,314.59.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the firm earned $7.16 earnings per share. TransDigm Group’s revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts predict that TransDigm Group will post 34.11 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the sale, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,525 shares of company stock valued at $112,769,801. 4.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TransDigm Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its stake in shares of TransDigm Group by 3.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 6,518 shares of the aerospace company’s stock worth $8,260,000 after acquiring an additional 232 shares in the last quarter. PFG Advisors acquired a new position in TransDigm Group during the fourth quarter worth $956,000. HighTower Advisors LLC grew its position in TransDigm Group by 13.9% in the fourth quarter. HighTower Advisors LLC now owns 17,338 shares of the aerospace company’s stock valued at $21,972,000 after purchasing an additional 2,122 shares in the last quarter. Prosperity Financial Group Inc. increased its stake in TransDigm Group by 19.1% in the 4th quarter. Prosperity Financial Group Inc. now owns 274 shares of the aerospace company’s stock valued at $347,000 after buying an additional 44 shares during the last quarter. Finally, Miller Financial Services LLC bought a new stake in TransDigm Group during the 4th quarter worth about $603,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

About TransDigm Group

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.