TransDigm Group (NYSE:TDG) Earns “Equal Weight” Rating from Barclays

TransDigm Group (NYSE:TDG)‘s stock had its “equal weight” rating reissued by equities researchers at Barclays in a research note issued to investors on Monday, MarketBeat reports. They presently have a $1,500.00 price objective on the aerospace company’s stock. Barclays‘s target price suggests a potential upside of 19.62% from the company’s current price.

Several other brokerages have also recently weighed in on TDG. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Citigroup raised their price objective 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. KeyCorp upped their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company lowered their price target on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,452.00.

TransDigm Group Trading Up 0.2 %

NYSE:TDG opened at $1,253.96 on Monday. The stock’s 50-day moving average is $1,283.44 and its 200-day moving average is $1,306.84. TransDigm Group has a 1-year low of $975.00 and a 1-year high of $1,451.32. The stock has a market cap of $70.51 billion, a P/E ratio of 48.98, a price-to-earnings-growth ratio of 2.89 and a beta of 1.38.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,525 shares of company stock worth $88,134,141 in the last ninety days. Corporate insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Large investors have recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of TransDigm Group by 1.3% in the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock valued at $3,181,357,000 after purchasing an additional 29,489 shares during the last quarter. JPMorgan Chase & Co. increased its stake in TransDigm Group by 9.5% in 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 last quarter. FMR LLC increased its stake in TransDigm Group by 2.3% in the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after buying an additional 43,604 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock worth $1,612,583,000 after buying an additional 19,314 shares in the last quarter. Finally, Windacre Partnership LLC boosted its stake in shares of TransDigm Group by 42.7% in the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after buying an additional 217,700 shares during the last quarter. 95.78% of the stock is currently owned by 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.