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

StockNews.com upgraded shares of TransDigm Group (NYSE:TDG - Free Report) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

Several other research analysts have also issued reports on the stock. Stifel Nicolaus increased their price target on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the stock a hold rating in a research note on Tuesday, January 23rd. Royal Bank of Canada increased their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an outperform rating in a research note on Friday, February 9th. Citigroup increased their price target on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a buy rating in a research note on Thursday, April 4th. KeyCorp raised their price objective on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the company an overweight rating in a research note on Thursday, February 15th. Finally, Barclays raised their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an overweight rating in a research note on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $1,137.73.

TransDigm Group Stock Down 1.4 %

Shares of NYSE:TDG traded down $17.36 on Tuesday, hitting $1,215.93. The company had a trading volume of 129,748 shares, compared to its average volume of 210,638. The firm's 50-day simple moving average is $1,178.17 and its two-hundred day simple moving average is $1,027.94. TransDigm Group has a 1 year low of $714.98 and a 1 year high of $1,246.22. The firm has a market capitalization of $67.62 billion, a price-to-earnings ratio of 51.61, a P/E/G ratio of 2.52 and a beta of 1.42.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, topping the consensus estimate of $6.41 by $0.75. The firm had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The company's quarterly revenue was up 28.1% compared to the same quarter last year. During the same period last year, the company posted $4.15 EPS. Equities research analysts anticipate that TransDigm Group will post 29.03 EPS for the current year.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $1,022.29, for a total value of $3,066,870.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $3,680,244. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $1,022.29, for a total value of $3,066,870.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at $3,680,244. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jorge Valladares sold 578 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total transaction of $682,040.00. Following the completion of the transaction, the director now directly owns 11,000 shares in the company, valued at approximately $12,980,000. The disclosure for this sale can be found here. Insiders sold 91,480 shares of company stock worth $100,102,829 over the last three months. 4.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TransDigm Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of TransDigm Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 5,988,840 shares of the aerospace company's stock worth $6,058,311,000 after buying an additional 85,826 shares during the last quarter. Deutsche Bank AG lifted its holdings in TransDigm Group by 1,947.8% during the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company's stock valued at $2,859,376,000 after purchasing an additional 3,225,771 shares in the last quarter. Capital World Investors lifted its holdings 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. FMR LLC lifted its holdings in TransDigm Group by 9.0% during the third 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. Finally, JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 46.1% during the third quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company's stock valued at $933,765,000 after purchasing an additional 349,409 shares in the last quarter. Hedge funds and other institutional investors 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.