TransDigm Group (NYSE:TDG) Lowered to “Hold” at StockNews.com

StockNews.com cut shares of TransDigm Group (NYSE:TDGFree Report) from a buy rating to a hold rating in a report published on Friday morning.

Several other brokerages have also recently weighed in on TDG. Wells Fargo & Company raised their price target on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the company an equal weight rating in a research report on Wednesday. Morgan Stanley upped their target price on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the stock an overweight rating in a research note on Thursday. KeyCorp upped their price objective on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. UBS Group lifted their target price on shares of TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a neutral rating in a research report on Wednesday. Finally, Royal Bank of Canada increased their target price on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company an outperform rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $1,311.81.

View Our Latest Report on TDG

TransDigm Group Price Performance

TransDigm Group stock traded down $8.37 during trading hours on Friday, hitting $1,310.49. The company had a trading volume of 212,403 shares, compared to its average volume of 215,578. TransDigm Group has a one year low of $768.05 and a one year high of $1,330.82. The firm has a market cap of $73.34 billion, a PE ratio of 51.98, a PEG ratio of 2.68 and a beta of 1.39. The firm has a 50-day moving average of $1,222.89 and a 200 day moving average of $1,087.09.

TransDigm Group (NYSE:TDGGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the prior year, the company posted $5.39 earnings per share. As a group, research analysts expect that TransDigm Group will post 29.08 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,439,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,439,160. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael Graff sold 3,460 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the sale, the director now directly owns 4,879 shares in the company, valued at $5,406,761.43. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 11 shares of company stock worth $5,950 and have sold 59,088 shares worth $69,841,110. Company insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Covestor Ltd increased its stake in shares of TransDigm Group by 279.2% during the first quarter. Covestor Ltd now owns 91 shares of the aerospace company’s stock valued at $113,000 after buying an additional 67 shares during the period. Cynosure Group LLC purchased a new position in shares of TransDigm Group in the 1st quarter valued at approximately $665,000. NWK Group Inc. grew its position in TransDigm Group by 3.2% during the 1st quarter. NWK Group Inc. now owns 2,869 shares of the aerospace company’s stock worth $3,533,000 after purchasing an additional 88 shares during the last quarter. Edgestream Partners L.P. grew its holdings in shares of TransDigm Group by 444.5% during the first quarter. Edgestream Partners L.P. now owns 3,572 shares of the aerospace company’s stock valued at $4,399,000 after buying an additional 2,916 shares during the last quarter. Finally, Allstate Corp purchased a new stake in shares of TransDigm Group in the 1st quarter valued at $208,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for TransDigm Group (NYSE:TDG)

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