Transdigm Group (NYSE:TDG) was downgraded by J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a research note issued on Tuesday, The Fly reports.

TDG has been the subject of a number of other research reports. Zacks Investment Research lowered Transdigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. SunTrust Banks restated a “buy” rating and issued a $307.00 target price on shares of Transdigm Group in a research note on Friday, November 10th. Credit Suisse Group raised their target price on Transdigm Group from $294.54 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Cowen restated a “hold” rating and issued a $290.00 target price on shares of Transdigm Group in a research note on Thursday, October 19th. Finally, Jefferies Group lowered Transdigm Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $322.00 to $280.00 in a research note on Wednesday, September 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $296.87.

Shares of Transdigm Group (NYSE TDG) opened at $274.38 on Tuesday. Transdigm Group has a twelve month low of $203.72 and a twelve month high of $295.00. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of -3.86. The company has a market capitalization of $14,269.17, a price-to-earnings ratio of 23.06, a PEG ratio of 2.32 and a beta of 0.50.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Thursday, November 9th. The aerospace company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.18 by $0.30. Transdigm Group had a negative return on equity of 30.13% and a net margin of 12.44%. The firm had revenue of $923.89 million during the quarter, compared to analyst estimates of $959.77 million. During the same quarter in the prior year, the business posted $3.29 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. sell-side analysts expect that Transdigm Group will post 12.66 earnings per share for the current year.

In other news, CEO W Nicholas Howley sold 63,776 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $268.60, for a total transaction of $17,130,233.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Robert S. Henderson sold 15,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $263.74, for a total value of $3,956,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 98,648 shares of company stock valued at $26,299,932 in the last quarter. Company insiders own 10.52% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. IFM Investors Pty Ltd acquired a new stake in Transdigm Group in the 3rd quarter worth about $386,000. Neuberger Berman Group LLC raised its position in shares of Transdigm Group by 68.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 6,454 shares of the aerospace company’s stock valued at $1,650,000 after buying an additional 2,618 shares during the period. California Public Employees Retirement System raised its position in shares of Transdigm Group by 4.2% during the 3rd quarter. California Public Employees Retirement System now owns 97,593 shares of the aerospace company’s stock valued at $24,950,000 after buying an additional 3,893 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Transdigm Group during the 3rd quarter valued at approximately $623,000. Finally, Capital International Investors raised its position in shares of Transdigm Group by 3.5% during the 3rd quarter. Capital International Investors now owns 1,379,346 shares of the aerospace company’s stock valued at $352,630,000 after buying an additional 46,753 shares during the period.

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About Transdigm Group

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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