TransDigm Group (NYSE:TDG) Raised to Buy at Northcoast Research

TransDigm Group (NYSE:TDG) was upgraded by stock analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a report released on Wednesday,Briefing.com Automated Import reports. The firm currently has a $1,500.00 price target on the aerospace company’s stock. Northcoast Research’s price target would suggest a potential upside of 21.97% from the company’s previous close.

TDG has been the topic of a number of other reports. Wells Fargo & Company dropped their target price on TransDigm Group from $1,580.00 to $1,410.00 and set an “overweight” rating on the stock in a research report on Tuesday. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Finally, UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a report on Monday, February 24th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,471.78.

TransDigm Group Stock Performance

NYSE TDG opened at $1,229.86 on Wednesday. The company’s 50 day moving average price is $1,337.88 and its 200 day moving average price is $1,326.41. TransDigm Group has a one year low of $1,176.31 and a one year high of $1,451.32. The firm has a market capitalization of $68.98 billion, a price-to-earnings ratio of 43.38, a PEG ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG) last announced its 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. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the business posted $7.16 EPS. Sell-side analysts forecast that TransDigm Group will post 35.13 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 3,650 shares of TransDigm Group stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the transaction, the director now directly owns 15,539 shares in the company, valued at approximately $20,545,510.41. The trade was a 19.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $27,942,799.96. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock valued at $165,646,468 over the last three months. Company insiders own 4.09% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after buying an additional 173,642 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in TransDigm Group by 7.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company’s stock worth $23,295,000 after buying an additional 1,086 shares during the last quarter. Unigestion Holding SA bought a new position in TransDigm Group during the third quarter valued at approximately $1,476,000. Triasima Portfolio Management inc. acquired a new stake in TransDigm Group in the fourth quarter valued at approximately $911,000. Finally, Chicago Capital LLC grew its position in TransDigm Group by 0.5% in the fourth quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company’s stock worth $65,568,000 after acquiring an additional 261 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

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.