TransDigm Group (NYSE:TDG) Rating Increased to Buy at UBS Group

TransDigm Group (NYSE:TDG) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The brokerage presently has a $1,595.00 target price on the aerospace company’s stock. UBS Group’s price objective would suggest a potential upside of 23.49% from the company’s previous close.

A number of other research firms also recently commented on TDG. Citigroup boosted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Truist Financial boosted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. 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. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and an average price target of $1,472.47.

TransDigm Group Price Performance

TDG opened at $1,291.58 on Monday. The business has a 50 day simple moving average of $1,306.71 and a 200-day simple moving average of $1,321.25. The stock has a market capitalization of $72.43 billion, a P/E ratio of 45.56, a P/E/G ratio of 2.76 and a beta of 1.40. TransDigm Group has a 12 month low of $1,136.27 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted 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. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm earned $7.16 EPS. Research analysts anticipate that TransDigm Group will post 35.13 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $11,046,584.64. This represents a 71.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 118,647 shares of company stock valued at $151,878,163 in the last quarter. Insiders own 4.09% of the company’s stock.

Institutional Trading of TransDigm Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of TransDigm Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock worth $7,946,863,000 after purchasing an additional 79,284 shares during the period. Capital World Investors increased its position in TransDigm Group by 4.3% in the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company’s stock valued at $4,805,434,000 after acquiring an additional 155,541 shares during the period. State Street Corp increased its position in TransDigm Group by 1.3% in the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock valued at $3,181,357,000 after acquiring an additional 29,489 shares during the period. JPMorgan Chase & Co. increased its position in TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after acquiring an additional 206,822 shares during the period. Finally, Principal Financial Group Inc. increased its position in TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after acquiring an additional 185,422 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.