5 Best Aerospace Stocks to Buy Right Now

4. TransDigm Group Incorporated (NYSE:TDG)

Number of Hedge Fund Holders: 79

TransDigm Group Incorporated (NYSE:TDG) is among the 12 Best Aerospace Stocks to Buy Right Now. As of the close of business on April 2, the stock is a Moderate Buy with an average share price upside potential of 33%.

On April 1, Wells Fargo initiated coverage on the stock with an Equal-Weight rating and announced a price target of $1,200, representing an upside of approximately 3% from Thursday’s close.

According to a report on TipRanks, analyst David Strauss told investors in a research note that the company was more tilted towards airframe parts than engines compared to peers, while adding that about one-third of its growth has historically come through acquisitions.

It is worth noting that in the past three months, TransDigm Group Incorporated (NYSE:TDG) has announced the acquisitions of Jet Parts Engineering, Victor Sierra Aviation Holdings, and Stellant Systems, Inc., for a combined value of approximately $3.2 billion.

In related news, on March 25, UBS analyst Gavin Parsons reiterated a Buy rating on TDG. The firm has a price target of $1,745 for the stock.

TransDigm Group Incorporated (NYSE:TDG) manufactures engineered aircraft components for commercial and military aircraft.