Shares of TransDigm Group Inc. (NYSE:TDG) have received a consensus rating of “Hold” from the fifteen brokerages that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $294.78.
Several brokerages have recently commented on TDG. Canaccord Genuity reissued a “buy” rating and issued a $325.00 price objective on shares of TransDigm Group in a research note on Wednesday, September 7th. Zacks Investment Research downgraded TransDigm Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. Wolfe Research downgraded TransDigm Group from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Barclays PLC increased their price objective on TransDigm Group from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 10th. Finally, Deutsche Bank AG increased their price target on TransDigm Group from $260.00 to $300.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th.
In other news, insider Peter Palmer sold 20,500 shares of the firm’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $281.84, for a total value of $5,777,720.00. Following the completion of the transaction, the insider now directly owns 14,000 shares of the company’s stock, valued at $3,945,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Roger Jones sold 7,500 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $285.92, for a total value of $2,144,400.00. Following the completion of the transaction, the insider now directly owns 11,500 shares of the company’s stock, valued at $3,288,080. The disclosure for this sale can be found here. 9.30% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of TDG. Aperio Group LLC raised its position in TransDigm Group by 6.0% in the first quarter. Aperio Group LLC now owns 21,557 shares of the company’s stock worth $4,750,000 after buying an additional 1,227 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of TransDigm Group during the first quarter worth about $397,000. Prudential Financial Inc. increased its stake in shares of TransDigm Group by 6.4% in the first quarter. Prudential Financial Inc. now owns 3,473 shares of the company’s stock worth $765,000 after buying an additional 210 shares during the period. BlackRock Inc. increased its stake in shares of TransDigm Group by 78.5% in the first quarter. BlackRock Inc. now owns 81,315 shares of the company’s stock worth $17,916,000 after buying an additional 35,748 shares during the period. Finally, BlackRock Group LTD increased its stake in shares of TransDigm Group by 9.9% in the first quarter. BlackRock Group LTD now owns 331,393 shares of the company’s stock worth $73,020,000 after buying an additional 29,890 shares during the period.
Shares of TransDigm Group (NYSE:TDG) opened at 276.70 on Friday. TransDigm Group has a 12 month low of $180.76 and a 12 month high of $294.38. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 29.26 and a beta of 0.72. The company has a 50-day moving average price of $285.67 and a 200-day moving average price of $262.29.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.82 by $0.27. The firm earned $797.70 million during the quarter, compared to the consensus estimate of $805.23 million. TransDigm Group had a negative return on equity of 62.15% and a net margin of 17.25%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.26 earnings per share. Analysts forecast that TransDigm Group will post $11.39 earnings per share for the current fiscal year.
TransDigm Group Company Profile
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its 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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