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

TransDigm Group (NYSE:TDG) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

TDG has been the subject of several other reports. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday. JPMorgan Chase & Co. upped their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Citigroup raised their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company cut their price objective on 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. Finally, KeyCorp raised their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,452.00.

TransDigm Group Price Performance

Shares of TDG stock traded up $29.62 during trading on Wednesday, reaching $1,281.75. The company had a trading volume of 319,543 shares, compared to its average volume of 278,269. The company has a market capitalization of $72.07 billion, a PE ratio of 50.07, a PEG ratio of 2.89 and a beta of 1.38. The firm’s 50 day simple moving average is $1,282.46 and its two-hundred day simple moving average is $1,306.66. TransDigm Group has a one year low of $985.29 and a one year high of $1,451.32.

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $30,228,611.80. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 69,525 shares of company stock valued at $88,134,141. Company insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Several institutional investors have recently added to or reduced their stakes in TDG. Fulton Bank N.A. increased its holdings in shares of TransDigm Group by 10.7% during the fourth quarter. Fulton Bank N.A. now owns 249 shares of the aerospace company’s stock worth $316,000 after buying an additional 24 shares in the last quarter. Diversified Trust Co grew its position in TransDigm Group by 5.3% during the 4th quarter. Diversified Trust Co now owns 4,017 shares of the aerospace company’s stock worth $5,091,000 after acquiring an additional 202 shares during the last quarter. GAMMA Investing LLC increased its holdings in TransDigm Group by 18.1% during the 4th quarter. GAMMA Investing LLC now owns 699 shares of the aerospace company’s stock valued at $886,000 after purchasing an additional 107 shares in the last quarter. Versant Capital Management Inc raised its position in TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 18 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 173,642 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.