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

TransDigm Group (NYSE:TDG) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Several other analysts also recently weighed in on the company. Barclays increased their target price on TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Thursday, June 27th. Stifel Nicolaus lifted their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a report on Friday, June 7th. Robert W. Baird boosted their price target on TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,417.69.

TransDigm Group Trading Down 0.2 %

Shares of TransDigm Group stock traded down $2.82 during trading hours on Monday, reaching $1,209.45. The stock had a trading volume of 429,710 shares, compared to its average volume of 225,240. The firm has a 50 day simple moving average of $1,289.83 and a two-hundred day simple moving average of $1,231.92. The firm has a market capitalization of $67.68 billion, a price-to-earnings ratio of 47.98, a P/E/G ratio of 2.03 and a beta of 1.38. TransDigm Group has a 1 year low of $802.46 and a 1 year high of $1,369.57.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm posted $5.39 EPS. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. Sell-side analysts forecast that TransDigm Group will post 30.21 EPS for the current year.

Insider Buying and Selling

In other TransDigm Group news, Director W Nicholas Howley sold 197 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director W Nicholas Howley sold 197 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The disclosure for this sale can be found here. Insiders sold 105,905 shares of company stock worth $137,900,519 over the last 90 days. 4.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of TransDigm Group by 21.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 2,366 shares of the aerospace company’s stock valued at $2,393,000 after buying an additional 423 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of TransDigm Group by 97,711.9% during the fourth quarter. International Assets Investment Management LLC now owns 41,081 shares of the aerospace company’s stock worth $41,558,000 after purchasing an additional 41,039 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its stake in shares of TransDigm Group by 62.5% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 2,498 shares of the aerospace company’s stock valued at $2,527,000 after acquiring an additional 961 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of TransDigm Group by 10.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 1,744 shares of the aerospace company’s stock valued at $1,764,000 after acquiring an additional 167 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in TransDigm Group by 28.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 12,744 shares of the aerospace company’s stock valued at $12,837,000 after buying an additional 2,806 shares during the period. Institutional investors own 95.78% of the company’s stock.

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.