TransDigm Group Incorporated (NYSE:TDG)‘s stock had its “positive” rating restated by investment analysts at Goldman Sachs Group Inc in a report issued on Friday. They currently have a $311.00 price target on the stock. Goldman Sachs Group Inc’s target price would suggest a potential upside of 30.71% from the company’s current price.
A number of other brokerages have also recently issued reports on TDG. Jefferies Group LLC set a $306.00 target price on TransDigm Group and gave the stock a “buy” rating in a research report on Thursday, November 24th. Royal Bank of Canada began coverage on TransDigm Group in a research report on Thursday, January 12th. They set an “outperform” rating and a $316.00 target price for the company. Canaccord Genuity reaffirmed a “buy” rating and set a $325.00 target price on shares of TransDigm Group in a research report on Thursday, January 5th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $297.00 target price on shares of TransDigm Group in a research report on Friday, January 20th. Finally, Wolfe Research raised TransDigm Group to an “outperform” rating in a research report on Friday, January 20th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. TransDigm Group currently has a consensus rating of “Buy” and an average target price of $299.29.
Shares of TransDigm Group (NYSE:TDG) opened at 237.94 on Friday. The company has a market cap of $12.57 billion, a price-to-earnings ratio of 27.81 and a beta of 0.49. The company has a 50 day moving average of $241.62 and a 200-day moving average of $258.94. TransDigm Group has a 52 week low of $214.65 and a 52 week high of $294.38.
TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 7th. The company reported $2.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.48 by $0.09. The business earned $814 million during the quarter, compared to analysts’ expectations of $804.52 million. TransDigm Group had a negative return on equity of 58.47% and a net margin of 13.91%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.27 EPS. On average, equities research analysts expect that TransDigm Group will post $12.23 earnings per share for the current fiscal year.
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In other news, insider Joel Reiss sold 6,000 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $252.99, for a total value of $1,517,940.00. Following the completion of the sale, the insider now directly owns 9,600 shares of the company’s stock, valued at $2,428,704. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Small acquired 104,967 shares of TransDigm Group stock in a transaction dated Tuesday, March 14th. The stock was acquired at an average cost of $232.95 per share, with a total value of $24,452,062.65. Following the completion of the transaction, the director now directly owns 32,713 shares of the company’s stock, valued at approximately $7,620,493.35. The disclosure for this purchase can be found here. Insiders sold 26,000 shares of company stock valued at $6,530,840 over the last three months. 10.52% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of TDG. Norges Bank acquired a new stake in TransDigm Group during the fourth quarter valued at $76,752,000. Putnam Investments LLC boosted its stake in TransDigm Group by 24.5% in the fourth quarter. Putnam Investments LLC now owns 37,289 shares of the company’s stock valued at $9,283,000 after buying an additional 7,326 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in TransDigm Group by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,740 shares of the company’s stock valued at $433,000 after buying an additional 100 shares in the last quarter. Park Avenue Institutional Advisers LLC acquired a new stake in TransDigm Group during the fourth quarter valued at $536,000. Finally, Sustainable Insight Capital Management LLC acquired a new stake in TransDigm Group during the fourth quarter valued at $2,539,000.
TransDigm Group Company Profile
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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