TransDigm Group (NYSE:TDG) Receives Equal Weight Rating from Barclays

TransDigm Group (NYSE:TDG)‘s stock had its “equal weight” rating reissued by Barclays in a report issued on Monday, Marketbeat reports. They currently have a $1,500.00 price objective on the aerospace company’s stock. Barclays‘s price target indicates a potential upside of 19.62% from the stock’s current price.

Several other research firms also recently commented on TDG. Citigroup upped their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. 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. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday, December 6th. KeyCorp upped their price objective on shares of 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 reduced their target price on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,452.00.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,253.96 on Monday. TransDigm Group has a 52 week low of $975.00 and a 52 week high of $1,451.32. The firm’s 50-day simple moving average is $1,283.44 and its two-hundred day simple moving average is $1,306.84. The firm has a market cap of $70.51 billion, a price-to-earnings ratio of 48.98, a P/E/G ratio of 2.89 and a beta of 1.38.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,525 shares of company stock worth $88,134,141 in the last ninety days. 4.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TransDigm Group

Several institutional investors have recently modified their holdings of TDG. Windacre Partnership LLC lifted its position in 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. JPMorgan Chase & Co. boosted its stake in shares of 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 purchasing an additional 173,642 shares in the last quarter. Darsana Capital Partners LP bought a new position in shares of TransDigm Group during the 2nd quarter valued at $210,806,000. International Assets Investment Management LLC raised its position in TransDigm Group by 108,517.8% in the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock worth $69,755,000 after purchasing an additional 48,833 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in TransDigm Group by 2,868.8% in the second quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock worth $60,136,000 after purchasing an additional 48,769 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

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.