Zacks Investment Research upgraded shares of TransDigm Group (NYSE:TDG) from a hold rating to a buy rating in a report published on Monday. Zacks Investment Research currently has $317.00 price target on the aerospace company’s stock.

According to Zacks, “TransDigm’s first-quarter fiscal 2018 adjusted earnings grew whopping 121.4% year over year, driven by robust top-line performance and improvements in operating margin. TransDigm’s excellent business operation model, which implements value-based operating strategies guided by three value driver concepts, has helped the company generate sufficient organic & inorganic growth in recent quarters. It has also driven operating margin expansion over the past few quarters. This apart, TransDigm’s strategic acquisitions in the proprietary aerospace businesses has bolstered its aftermarket content, significantly supplementing sales. However, mounting interest expenses and escalating debt burden continue to bother TransDigm’s financials. Further, the company is seeing some negative trends at present, like soft business jet and helicopter revenues, which might dent top-line growth in the near future.”

TDG has been the subject of several other research reports. Robert W. Baird raised their price target on shares of TransDigm Group from $300.00 to $320.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. Credit Suisse Group lifted their price objective on shares of TransDigm Group from $294.54 to $320.00 and gave the company an outperform rating in a research note on Friday, November 10th. Wolfe Research upgraded shares of TransDigm Group from a market perform rating to an outperform rating in a research note on Friday, November 10th. SunTrust Banks reiterated a buy rating and issued a $307.00 price objective on shares of TransDigm Group in a research note on Friday, November 10th. Finally, Royal Bank of Canada set a $346.00 price objective on shares of TransDigm Group and gave the company a buy rating in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. TransDigm Group presently has a consensus rating of Buy and an average price target of $309.94.

Shares of TransDigm Group (NYSE TDG) opened at $290.39 on Monday. The company has a debt-to-equity ratio of -4.38, a quick ratio of 1.86 and a current ratio of 2.76. TransDigm Group has a one year low of $203.72 and a one year high of $321.38. The stock has a market cap of $14,860.00, a P/E ratio of 29.04, a PEG ratio of 1.64 and a beta of 0.77.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.64 by ($0.21). TransDigm Group had a negative return on equity of 27.70% and a net margin of 18.95%. The company had revenue of $847.96 million for the quarter, compared to analysts’ expectations of $860.12 million. During the same quarter in the previous year, the business earned $2.57 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. research analysts expect that TransDigm Group will post 14.92 earnings per share for the current year.

In other news, insider Alex Feil sold 5,444 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $280.85, for a total transaction of $1,528,947.40. Following the completion of the transaction, the insider now directly owns 5,444 shares in the company, valued at approximately $1,528,947.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Roger Jones sold 5,000 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $294.50, for a total transaction of $1,472,500.00. Following the transaction, the executive vice president now owns 9,000 shares of the company’s stock, valued at $2,650,500. The disclosure for this sale can be found here. Insiders have sold a total of 30,216 shares of company stock valued at $8,709,319 over the last 90 days. Company insiders own 11.45% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDG. Thrivent Financial For Lutherans grew its position in shares of TransDigm Group by 1.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,850 shares of the aerospace company’s stock valued at $497,000 after purchasing an additional 20 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of TransDigm Group by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 131,579 shares of the aerospace company’s stock worth $35,373,000 after acquiring an additional 2,133 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of TransDigm Group during the 2nd quarter worth $201,000. Janus Henderson Group PLC lifted its holdings in shares of TransDigm Group by 1,188.3% during the 2nd quarter. Janus Henderson Group PLC now owns 87,902 shares of the aerospace company’s stock worth $23,633,000 after acquiring an additional 81,079 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its holdings in shares of TransDigm Group by 113.8% during the 2nd quarter. Nomura Holdings Inc. now owns 3,640 shares of the aerospace company’s stock worth $979,000 after acquiring an additional 30,101 shares during the last quarter.

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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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