Transdigm Group (NYSE:TDG) Rating Increased to Hold at Wells Fargo & Company

Transdigm Group (NYSE:TDG) was upgraded by investment analysts at Wells Fargo & Company to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

TDG has been the subject of several other research reports. KeyCorp lowered shares of Transdigm Group from an “overweight” rating to a “sector weight” rating in a research report on Thursday, February 5th. Zacks Research upgraded shares of Transdigm Group from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Robert W. Baird reiterated a “neutral” rating and issued a $1,400.00 price target on shares of Transdigm Group in a research report on Wednesday, February 4th. UBS Group decreased their price objective on Transdigm Group from $1,804.00 to $1,800.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Transdigm Group in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,563.19.

Transdigm Group Price Performance

NYSE TDG opened at $1,173.76 on Tuesday. Transdigm Group has a 1-year low of $1,123.61 and a 1-year high of $1,623.82. The business has a 50 day simple moving average of $1,283.46 and a two-hundred day simple moving average of $1,309.44. The stock has a market capitalization of $66.28 billion, a PE ratio of 37.77, a P/E/G ratio of 2.43 and a beta of 0.98.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 3rd. The aerospace company reported $8.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.99 by $0.24. Transdigm Group had a negative return on equity of 29.07% and a net margin of 20.50%.The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the firm earned $7.83 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 37.420-39.340 EPS. On average, analysts anticipate that Transdigm Group will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling at Transdigm Group

In other news, Director W Nicholas Howley sold 10,132 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $1,213.05, for a total transaction of $12,290,622.60. Following the transaction, the director owned 21,548 shares in the company, valued at $26,138,801.40. This represents a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kevin M. Stein sold 36,925 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $1,425.79, for a total transaction of $52,647,295.75. Following the completion of the transaction, the director directly owned 19,233 shares of the company’s stock, valued at $27,422,219.07. The trade was a 65.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 126,680 shares of company stock valued at $174,863,016. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Transdigm Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in Transdigm Group in the 4th quarter worth $1,025,591,000. Principal Financial Group Inc. raised its holdings in shares of Transdigm Group by 18.3% during the third quarter. Principal Financial Group Inc. now owns 2,379,816 shares of the aerospace company’s stock worth $3,136,719,000 after purchasing an additional 367,756 shares during the last quarter. Franklin Resources Inc. lifted its position in Transdigm Group by 161.7% during the third quarter. Franklin Resources Inc. now owns 475,489 shares of the aerospace company’s stock valued at $626,704,000 after purchasing an additional 293,821 shares during the period. Capital Research Global Investors lifted its position in Transdigm Group by 12.2% during the fourth quarter. Capital Research Global Investors now owns 2,476,661 shares of the aerospace company’s stock valued at $3,293,527,000 after purchasing an additional 268,824 shares during the period. Finally, Capital International Investors boosted its holdings in Transdigm Group by 4.1% in the third quarter. Capital International Investors now owns 6,489,193 shares of the aerospace company’s stock valued at $8,552,028,000 after purchasing an additional 254,750 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

About Transdigm Group

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.

TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.