TransDigm Group Inc. (NYSE:TDG)‘s stock had its “market perform” rating reaffirmed by investment analysts at Wolfe Research in a research note issued to investors on Friday.
A number of other brokerages also recently issued reports on TDG. Canaccord Genuity restated a “buy” rating and set a $280.00 price objective on shares of TransDigm Group in a research report on Tuesday, June 21st. Barclays PLC upped their price objective on TransDigm Group from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, June 22nd. Morgan Stanley assumed coverage on TransDigm Group in a research report on Thursday, June 23rd. They set an “equal weight” rating and a $287.00 price objective on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $271.00 price objective on shares of TransDigm Group in a research report on Saturday, June 25th. Finally, KeyCorp upgraded TransDigm Group from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. TransDigm Group presently has a consensus rating of “Hold” and a consensus price target of $288.18.
Shares of TransDigm Group (NYSE:TDG) opened at 283.26 on Friday. The company has a market capitalization of $15.09 billion, a price-to-earnings ratio of 29.96 and a beta of 0.72. TransDigm Group has a 52-week low of $180.76 and a 52-week high of $294.38. The company’s 50 day moving average price is $285.93 and its 200 day moving average price is $262.19.
TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.27. TransDigm Group had a negative return on equity of 62.15% and a net margin of 17.25%. The company earned $797.70 million during the quarter, compared to analyst estimates of $805.23 million. During the same period in the prior year, the company earned $2.26 earnings per share. The firm’s revenue was up 15.4% on a year-over-year basis. On average, analysts predict that TransDigm Group will post $11.39 EPS for the current year.
In other TransDigm Group news, insider Bernt G. Iversen II sold 10,000 shares of the stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $287.16, for a total transaction of $2,871,600.00. Following the sale, the insider now owns 15,010 shares of the company’s stock, valued at approximately $4,310,271.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Palmer sold 20,500 shares of the stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $281.84, for a total value of $5,777,720.00. Following the sale, the insider now directly owns 14,000 shares in the company, valued at approximately $3,945,760. The disclosure for this sale can be found here. Company insiders own 9.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Pacad Investment Ltd. bought a new stake in shares of TransDigm Group during the first quarter valued at about $397,000. Prudential Financial Inc. boosted 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 valued at $765,000 after buying an additional 210 shares during the period. BlackRock Inc. boosted 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 valued at $17,916,000 after buying an additional 35,748 shares during the period. BlackRock Group LTD boosted 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 valued at $73,020,000 after buying an additional 29,890 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of TransDigm Group by 1.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,340,317 shares of the company’s stock valued at $295,325,000 after buying an additional 22,274 shares during the period.
About TransDigm Group
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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