TransDigm Group’s (TDG) Equal Weight Rating Reaffirmed at Barclays

TransDigm Group (NYSE:TDG)‘s stock had its “equal weight” rating reaffirmed by Barclays in a report issued on Monday,Benzinga reports. They presently have a $1,500.00 target price on the aerospace company’s stock. Barclays‘s price target would indicate a potential upside of 17.60% from the stock’s previous close.

Several other analysts have also weighed in on TDG. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. KeyCorp raised their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Citigroup boosted their target price 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. Finally, Wells Fargo & Company dropped their target price on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 11th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,452.00.

TransDigm Group Price Performance

TDG opened at $1,275.56 on Monday. The company has a market capitalization of $71.72 billion, a P/E ratio of 49.83, a P/E/G ratio of 2.89 and a beta of 1.39. The firm’s fifty day moving average price is $1,286.86 and its two-hundred day moving average price is $1,307.86. TransDigm Group has a fifty-two week low of $974.05 and a fifty-two week high of $1,451.32.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. This represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,525 shares of company stock worth $88,134,141 over the last 90 days. Insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp boosted its stake in TransDigm Group by 1.3% during the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock worth $3,181,357,000 after acquiring an additional 29,489 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. FMR LLC raised its position in shares of TransDigm Group by 2.3% during the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after purchasing an additional 43,604 shares during the period. Geode Capital Management LLC lifted its holdings in shares of TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock valued at $1,612,583,000 after purchasing an additional 19,314 shares in the last quarter. Finally, Windacre Partnership LLC increased its stake in TransDigm Group by 42.7% during the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after purchasing an additional 217,700 shares in the last quarter. 95.78% of the stock is owned by 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.