Wells Fargo & Company Upgrades TransDigm Group (NYSE:TDG) to “Overweight”

Wells Fargo & Company upgraded shares of TransDigm Group (NYSE:TDG) from an equal weight rating to an overweight rating in a research note issued to investors on Friday morning, Marketbeat.com reports. They currently have $1,500.00 target price on the aerospace company’s stock, up from their prior target price of $1,375.00.

TDG has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Barclays reissued an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Finally, Citigroup increased their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,462.35.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,329.35 on Friday. The stock has a market cap of $74.56 billion, a price-to-earnings ratio of 46.89, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40. The firm has a 50-day moving average of $1,293.18 and a two-hundred day moving average of $1,313.89. TransDigm Group has a 1 year low of $1,100.86 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $7.16 EPS. Research analysts expect that TransDigm Group will post 34.11 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In other news, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the sale, the director now directly owns 567,323 shares of the company’s stock, valued at approximately $708,461,615.94. The trade was a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,181,755.06. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,525 shares of company stock worth $112,769,801 in the last three months. 4.09% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atomi Financial Group Inc. purchased a new position in shares of TransDigm Group in the 3rd quarter valued at about $280,000. Wedmont Private Capital grew its position in TransDigm Group by 4.6% in the 3rd quarter. Wedmont Private Capital now owns 746 shares of the aerospace company’s stock valued at $1,012,000 after buying an additional 33 shares during the last quarter. Quotient Wealth Partners LLC purchased a new position in TransDigm Group during the third quarter worth about $217,000. Strong Tower Advisory Services boosted its stake in shares of TransDigm Group by 3.2% in the third quarter. Strong Tower Advisory Services now owns 641 shares of the aerospace company’s stock valued at $914,000 after buying an additional 20 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of TransDigm Group by 207.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 246 shares of the aerospace company’s stock valued at $351,000 after purchasing an additional 166 shares during the period. 95.78% of the stock is currently owned by hedge funds and other 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.