TransDigm Group (NYSE:TDG) Downgraded to Hold at StockNews.com

TransDigm Group (NYSE:TDG - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Friday.

A number of other equities research analysts have also recently weighed in on TDG. Royal Bank of Canada raised their price target on TransDigm Group from $1,300.00 to $1,400.00 and gave the company an "outperform" rating in a report on Wednesday. The Goldman Sachs Group increased their target price on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. Stifel Nicolaus boosted their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a "hold" rating in a report on Wednesday, April 17th. Susquehanna lifted their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, TD Cowen increased their price objective on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a "buy" rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, TransDigm Group currently has a consensus rating of "Moderate Buy" and an average target price of $1,311.81.

TransDigm Group Trading Down 0.6 %

NYSE:TDG traded down $8.37 during mid-day trading on Friday, hitting $1,310.49. The company's stock had a trading volume of 212,389 shares, compared to its average volume of 193,479. TransDigm Group has a fifty-two week low of $768.05 and a fifty-two week high of $1,330.82. The company has a market capitalization of $72.88 billion, a price-to-earnings ratio of 55.62, a P/E/G ratio of 2.65 and a beta of 1.39. The stock has a fifty day moving average of $1,222.89 and a 200-day moving average of $1,087.09.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating the consensus estimate of $7.42 by $0.57. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. TransDigm Group's quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.39 EPS. On average, equities analysts anticipate that TransDigm Group will post 29.08 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In other news, Director Michael Graff sold 3,460 shares of the company's stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the transaction, the director now owns 4,879 shares of the company's stock, valued at $5,406,761.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael Graff sold 3,460 shares of the company's stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the transaction, the director now directly owns 4,879 shares in the company, valued at $5,406,761.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 11 shares of company stock worth $5,950 and have sold 59,088 shares worth $69,841,110. 4.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On TransDigm Group

A number of large investors have recently added to or reduced their stakes in TDG. Vanguard Group Inc. increased its position in shares of TransDigm Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company's stock worth $7,447,587,000 after purchasing an additional 58,243 shares during the period. Deutsche Bank AG boosted its position in shares of TransDigm Group by 1,947.8% during the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company's stock worth $2,859,376,000 after acquiring an additional 3,225,771 shares in the last quarter. Capital World Investors raised its position in TransDigm Group by 4.0% during the fourth quarter. Capital World Investors now owns 3,093,357 shares of the aerospace company's stock valued at $3,129,240,000 after purchasing an additional 120,058 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in TransDigm Group by 13.1% during the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company's stock worth $2,056,109,000 after purchasing an additional 192,962 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of TransDigm Group by 9.0% in the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company's stock valued at $1,392,355,000 after purchasing an additional 136,834 shares in the last quarter. 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.

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