TransDigm Group (NYSE:TDG) Rating Increased to Buy at Northcoast Research

Northcoast Research upgraded shares of TransDigm Group (NYSE:TDG) from a neutral rating to a buy rating in a research report report published on Wednesday, Marketbeat Ratings reports. Northcoast Research currently has $1,500.00 price objective on the aerospace company’s stock.

Other analysts also recently issued research reports about the company. Wells Fargo & Company lowered their price objective on TransDigm Group from $1,580.00 to $1,410.00 and set an “overweight” rating for the company in a research report on Tuesday. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Truist Financial upped their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,471.78.

TransDigm Group Trading Down 2.6 %

Shares of NYSE:TDG traded down $34.28 during trading on Wednesday, reaching $1,282.80. The company had a trading volume of 136,337 shares, compared to its average volume of 249,005. TransDigm Group has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The stock has a market capitalization of $71.95 billion, a P/E ratio of 45.01, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. The company has a fifty day moving average of $1,336.24 and a two-hundred day moving average of $1,325.64.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $7.16 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts predict that TransDigm Group will post 35.13 earnings per share for the current year.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,896,144. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,594 shares of company stock valued at $165,646,468. 4.09% of the stock is currently owned by corporate insiders.

Institutional Trading of TransDigm Group

A number of hedge funds have recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC lifted its position in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after buying an additional 16 shares during the last quarter. Trust Co. of Vermont grew its position in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares during the period. Park Square Financial Group LLC acquired a new position in TransDigm Group in the fourth quarter valued at approximately $32,000. Versant Capital Management Inc boosted its holdings in TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after buying an additional 18 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of TransDigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 21 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other 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.