TransDigm Group (NYSE:TDG) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of TransDigm Group (NYSE:TDG) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

Several other equities analysts have also recently weighed in on TDG. Truist Financial lifted their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Northcoast Research assumed coverage on TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating on the stock. UBS Group cut their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Wednesday, August 7th. Finally, Susquehanna raised their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,461.82.

TransDigm Group Trading Down 6.6 %

Shares of TDG stock opened at $1,273.17 on Monday. TransDigm Group has a 12 month low of $949.99 and a 12 month high of $1,451.32. The stock has a market capitalization of $71.59 billion, a P/E ratio of 49.73, a PEG ratio of 2.41 and a beta of 1.43. The firm’s 50 day moving average is $1,368.86 and its 200 day moving average is $1,319.00.

TransDigm Group Increases Dividend

The firm also recently announced a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a dividend of $75.00 per share. The ex-dividend date was Friday, October 4th. This is a positive change from TransDigm Group’s previous special dividend of $32.50.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $29,659,098.16. This represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $5,046,300. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock valued at $23,541,085 over the last three months. Insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

Institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in TransDigm Group by 17.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after buying an additional 567 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in TransDigm Group by 26.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock valued at $4,888,000 after purchasing an additional 789 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of TransDigm Group by 4.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 19,322 shares of the aerospace company’s stock valued at $23,781,000 after buying an additional 819 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in TransDigm Group by 19.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,798 shares of the aerospace company’s stock worth $3,446,000 after buying an additional 452 shares during the period. Finally, Cetera Investment Advisers boosted its position in TransDigm Group by 90.5% during the 1st quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock valued at $4,945,000 after acquiring an additional 1,907 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

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.