Transdigm Group (NYSE:TDG) Downgraded by Morgan Stanley to Equal Weight

Morgan Stanley cut shares of Transdigm Group (NYSE:TDG) from an overweight rating to an equal weight rating in a research report sent to investors on Wednesday, MarketBeat reports. They currently have $1,345.00 price target on the aerospace company’s stock, down from their previous price target of $1,680.00.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus lowered their price objective on Transdigm Group from $1,650.00 to $1,525.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. UBS Group reduced their target price on Transdigm Group from $1,745.00 to $1,645.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price target on Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. BNP Paribas Exane dropped their price objective on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Finally, TD Cowen lowered their target price on shares of Transdigm Group from $1,565.00 to $1,450.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Transdigm Group has an average rating of “Hold” and a consensus price target of $1,477.47.

Transdigm Group Stock Performance

TDG stock opened at $1,233.90 on Wednesday. The firm has a market cap of $69.02 billion, a P/E ratio of 38.51, a PEG ratio of 2.13 and a beta of 0.90. Transdigm Group has a 1 year low of $1,123.61 and a 1 year high of $1,623.82. The stock’s 50 day moving average price is $1,259.05 and its 200 day moving average price is $1,275.24.

Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $9.85 EPS for the quarter, topping analysts’ consensus estimates of $9.46 by $0.39. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Transdigm Group had a negative return on equity of 26.49% and a net margin of 20.24%.The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $9.11 EPS. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. On average, research analysts predict that Transdigm Group will post 37.96 earnings per share for the current year.

Insider Activity

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $1,276.78, for a total transaction of $4,979,442.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at $4,596,408. The trade was a 52.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 10,132 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $1,265.06, for a total value of $12,817,587.92. Following the sale, the director owned 21,548 shares in the company, valued at approximately $27,259,512.88. The trade was a 31.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 38,196 shares of company stock worth $47,631,730 over the last three months. 3.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Transdigm Group

Several large investors have recently modified their holdings of TDG. Central Pacific Bank Trust Division raised its holdings in shares of Transdigm Group by 44.4% in the fourth quarter. Central Pacific Bank Trust Division now owns 26 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 8 shares during the last quarter. Family Legacy Inc. increased its stake in Transdigm Group by 0.3% in the fourth quarter. Family Legacy Inc. now owns 2,394 shares of the aerospace company’s stock valued at $3,184,000 after purchasing an additional 8 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in Transdigm Group by 17.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 55 shares of the aerospace company’s stock worth $73,000 after buying an additional 8 shares during the period. CYBER HORNET ETFs LLC boosted its stake in Transdigm Group by 6.1% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 156 shares of the aerospace company’s stock worth $206,000 after buying an additional 9 shares during the last quarter. Finally, Patton Fund Management Inc. boosted its holdings in shares of Transdigm Group by 5.7% in the 4th quarter. Patton Fund Management Inc. now owns 167 shares of the aerospace company’s stock valued at $222,000 after purchasing an additional 9 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

About Transdigm Group

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.

TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.