Brokerages Set TransDigm Group Incorporated (NYSE:TDG) Target Price at $1,452.00

Shares of TransDigm Group Incorporated (NYSE:TDG) have received an average rating of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $1,455.00.

TDG has been the subject of a number of recent research reports. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. KeyCorp lifted their price objective 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. Wells Fargo & Company lowered their target price on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Barclays reissued an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd.

TransDigm Group Stock Up 1.4 %

NYSE:TDG opened at $1,340.40 on Monday. The firm has a 50-day moving average price of $1,277.54 and a 200 day moving average price of $1,306.68. The firm has a market capitalization of $75.37 billion, a PE ratio of 52.36, a price-to-earnings-growth ratio of 2.84 and a beta of 1.38. TransDigm Group has a 12-month low of $1,032.43 and a 12-month high of $1,451.32.

Insider Buying and Selling at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,337,899.18. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,525 shares of company stock worth $108,692,621. Company insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Institutional investors and hedge funds have recently made changes to their positions in the company. First Personal Financial Services acquired a new position in TransDigm Group in the third quarter valued at about $29,000. Erste Asset Management GmbH acquired a new position in shares of TransDigm Group in the 3rd quarter valued at approximately $29,000. Trust Co. of Vermont increased its stake in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares in the last quarter. Versant Capital Management Inc raised its holdings in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after buying an additional 18 shares during the period. Finally, DT Investment Partners LLC lifted its stake in TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

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.