TransDigm Group (NYSE:TDG) Rating Increased to Buy at UBS Group

TransDigm Group (NYSE:TDG) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Monday,Briefing.com Automated Import reports. The brokerage currently has a $1,595.00 price target on the aerospace company’s stock. UBS Group’s price target indicates a potential upside of 23.49% from the company’s previous close.

Other analysts have also recently issued reports about the company. Citigroup boosted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Truist Financial upped their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,472.47.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,291.58 on Monday. TransDigm Group has a 12 month low of $1,136.27 and a 12 month high of $1,451.32. The stock has a market capitalization of $72.43 billion, a PE ratio of 45.56, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. The business has a 50 day simple moving average of $1,306.71 and a 200-day simple moving average of $1,321.25.

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

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,892,616. This represents a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert J. Small sold 38,053 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the transaction, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,647 shares of company stock valued at $151,878,163. Corporate insiders own 4.09% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Ascent Group LLC lifted its position in TransDigm Group by 4.6% during the 4th quarter. Ascent Group LLC now owns 1,087 shares of the aerospace company’s stock worth $1,378,000 after acquiring an additional 48 shares during the period. Mackenzie Financial Corp lifted its position in TransDigm Group by 170.9% during the 4th quarter. Mackenzie Financial Corp now owns 12,927 shares of the aerospace company’s stock worth $16,382,000 after acquiring an additional 8,156 shares during the period. Toronto Dominion Bank lifted its position in TransDigm Group by 20.5% during the 4th quarter. Toronto Dominion Bank now owns 27,327 shares of the aerospace company’s stock worth $34,630,000 after acquiring an additional 4,651 shares during the period. GF Fund Management CO. LTD. acquired a new stake in TransDigm Group during the 4th quarter worth approximately $8,348,000. Finally, Vise Technologies Inc. lifted its position in TransDigm Group by 136.5% during the 4th quarter. Vise Technologies Inc. now owns 823 shares of the aerospace company’s stock worth $1,043,000 after acquiring an additional 475 shares during the period. Hedge funds and other 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.