TransDigm Group (NYSE:TDG) had its price objective lifted by Robert W. Baird from $300.00 to $320.00 in a research note published on Wednesday morning. Robert W. Baird currently has an outperform rating on the aerospace company’s stock.
Several other equities analysts have also commented on TDG. Zacks Investment Research lowered TransDigm Group from a hold rating to a sell rating in a research report on Wednesday, October 11th. Cowen reissued a hold rating and set a $290.00 price objective on shares of TransDigm Group in a research report on Thursday, October 19th. Canaccord Genuity lowered their price objective on TransDigm Group from $330.00 to $315.00 and set a buy rating for the company in a research report on Friday, November 10th. Wolfe Research raised TransDigm Group from a market perform rating to an outperform rating in a research report on Friday, November 10th. Finally, Credit Suisse Group raised their price objective on TransDigm Group from $294.54 to $320.00 and gave the company an outperform rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $309.44.
TransDigm Group (NYSE:TDG) opened at $282.55 on Wednesday. The company has a current ratio of 2.76, a quick ratio of 1.61 and a debt-to-equity ratio of -4.38. The company has a market capitalization of $14,771.56, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 1.90 and a beta of 0.66. TransDigm Group has a 52-week low of $203.72 and a 52-week high of $321.38.
In related news, Director Michael Graff sold 1,872 shares of TransDigm Group stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $278.92, for a total value of $522,138.24. Following the completion of the sale, the director now directly owns 9,482 shares in the company, valued at approximately $2,644,719.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Raymond F. Laubenthal sold 6,000 shares of TransDigm Group stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $263.94, for a total value of $1,583,640.00. Following the completion of the sale, the director now owns 75,818 shares of the company’s stock, valued at $20,011,402.92. The disclosure for this sale can be found here. Insiders have sold 94,548 shares of company stock valued at $25,894,245 over the last 90 days. Corporate insiders own 10.52% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in TransDigm Group by 43.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519 shares of the aerospace company’s stock worth $142,000 after buying an additional 158 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in TransDigm Group by 540.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 538 shares of the aerospace company’s stock worth $148,000 after buying an additional 454 shares in the last quarter. HighTower Advisors LLC bought a new stake in TransDigm Group in the 2nd quarter worth about $201,000. Neville Rodie & Shaw Inc. bought a new stake in TransDigm Group in the 4th quarter worth about $205,000. Finally, Alps Advisors Inc. bought a new stake in TransDigm Group in the 4th quarter worth about $205,000.
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TransDigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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