TransDigm Group (NYSE:TDG) Upgraded by UBS Group to “Buy” Rating

UBS Group upgraded shares of TransDigm Group (NYSE:TDG) from a neutral rating to a buy rating in a report published on Monday morning, Marketbeat reports. They currently have $1,595.00 price objective on the aerospace company’s stock.

Other analysts also recently issued research reports about the stock. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Truist Financial boosted their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Citigroup raised their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Barclays reiterated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Stock Performance

NYSE TDG opened at $1,331.85 on Monday. The company has a market cap of $74.70 billion, a PE ratio of 46.98, a P/E/G ratio of 2.76 and a beta of 1.40. TransDigm Group has a 52-week low of $1,136.27 and a 52-week high of $1,451.32. The firm’s 50 day moving average price is $1,310.51 and its 200-day moving average price is $1,322.54.

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

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $28,355,659.64. This trade represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,762,872. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,647 shares of company stock valued at $155,847,223 over the last 90 days. Corporate insiders own 4.09% of the company’s stock.

Institutional Trading of TransDigm Group

Several hedge funds have recently made changes to their positions in TDG. Norges Bank purchased a new position in shares of TransDigm Group during the 4th quarter worth $973,353,000. Proficio Capital Partners LLC lifted its position in TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock valued at $925,349,000 after buying an additional 729,930 shares during the last quarter. Edgewood Management LLC acquired a new position in TransDigm Group in the fourth quarter valued at about $399,595,000. Windacre Partnership LLC boosted its stake in TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after buying an additional 217,700 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of TransDigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after acquiring an additional 206,822 shares during 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.