Barclays Reiterates Equal Weight Rating for TransDigm Group (NYSE:TDG)

Barclays reiterated their equal weight rating on shares of TransDigm Group (NYSE:TDG) in a report released on Monday morning, Marketbeat reports. They currently have a $1,500.00 target price on the aerospace company’s stock.

TDG has been the topic of several other reports. KeyCorp upped their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Wells Fargo & Company reduced their target price 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 report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,452.00.

TransDigm Group Price Performance

NYSE:TDG opened at $1,281.75 on Monday. TransDigm Group has a one year low of $985.29 and a one year high of $1,451.32. The company has a market cap of $72.07 billion, a P/E ratio of 50.07, a P/E/G ratio of 2.89 and a beta of 1.38. The firm’s fifty day moving average price is $1,282.46 and its two-hundred day moving average price is $1,306.66.

Insider Activity

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. This represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,525 shares of company stock valued at $88,134,141 over the last quarter. 4.96% of the stock is owned by company insiders.

Institutional Trading of TransDigm Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDG. First Personal Financial Services acquired a new stake in TransDigm Group during the 3rd quarter valued at approximately $29,000. Erste Asset Management GmbH acquired a new stake in shares of TransDigm Group during the 3rd quarter worth approximately $29,000. Versant Capital Management Inc grew its position in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after buying an additional 18 shares during the period. Meeder Asset Management Inc. grew its position in shares of TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after buying an additional 22 shares during the period. Finally, DT Investment Partners LLC grew its position in shares of TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 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.