TransDigm Group (NYSE:TDG) Raised to Buy at StockNews.com

StockNews.com upgraded shares of TransDigm Group (NYSE:TDG) from a hold rating to a buy rating in a research report report published on Wednesday morning.

A number of other analysts have also issued reports on the stock. Wells Fargo & Company dropped their price target 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 note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Citigroup boosted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. KeyCorp lifted their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Barclays reissued an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,452.00.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,262.41 on Wednesday. The company’s fifty day moving average price is $1,281.23 and its two-hundred day moving average price is $1,306.04. The firm has a market capitalization of $70.99 billion, a P/E ratio of 49.31, a P/E/G ratio of 2.89 and a beta of 1.38. TransDigm Group has a 12 month low of $1,004.25 and a 12 month high of $1,451.32.

Insider Activity

In related news, Director W Nicholas Howley sold 5,472 shares of the company’s 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 sale, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. This represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated 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 owns 3,600 shares in the company, valued at approximately $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,525 shares of company stock worth $88,134,141 over the last quarter. Corporate insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TDG. CIBC Asset Management Inc lifted its position in TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock worth $11,658,000 after acquiring an additional 644 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after purchasing an additional 173,642 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in TransDigm Group by 3.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock valued at $391,918,000 after buying an additional 7,947 shares during the last quarter. Westfield Capital Management Co. LP increased its position in TransDigm Group by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after buying an additional 8,655 shares during the period. Finally, Swiss National Bank boosted its position in shares of TransDigm Group by 0.9% in the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock valued at $237,046,000 after acquiring an additional 1,400 shares during the period. 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.