TransDigm Group (NYSE:TDG) Raised to Buy at StockNews.com

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

Several other research firms also recently weighed in on TDG. KeyCorp upped their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Morgan Stanley increased their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Wells Fargo & Company decreased their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Finally, Citigroup cut their price target on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

TransDigm Group Price Performance

NYSE:TDG opened at $1,273.17 on Monday. TransDigm Group has a one year low of $949.99 and a one year high of $1,451.32. The company’s 50-day simple moving average is $1,368.86 and its 200 day simple moving average is $1,319.00. The firm 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.

TransDigm Group Increases Dividend

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

Insider Activity

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Tuesday, October 15th. The shares were 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 directly owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,944 shares of company stock worth $23,541,085. Corporate insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Hedge funds have recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new stake in shares of TransDigm Group in the third quarter worth about $198,000. Erste Asset Management GmbH acquired a new position in TransDigm Group in the third quarter valued at approximately $29,000. Cobblestone Capital Advisors LLC NY purchased a new stake in TransDigm Group in the 3rd quarter worth approximately $214,000. Edgestream Partners L.P. grew its stake in shares of TransDigm Group by 17.7% during the 3rd quarter. Edgestream Partners L.P. now owns 6,119 shares of the aerospace company’s stock worth $8,733,000 after purchasing an additional 918 shares during the period. Finally, Acropolis Investment Management LLC purchased a new position in shares of TransDigm Group during the 3rd quarter valued at approximately $103,000. 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.