TransDigm Group Incorporated (NYSE:TDG)‘s stock had its “buy” rating reissued by equities researchers at Royal Bank of Canada in a research note issued to investors on Friday. They currently have a $316.00 price objective on the aerospace company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 27.52% from the company’s previous close.
Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut TransDigm Group from a “buy” rating to a “sell” rating in a research note on Monday, April 17th. Morgan Stanley restated a “neutral” rating and issued a $240.00 price objective (down from $265.00) on shares of TransDigm Group in a research note on Friday, March 24th. Goldman Sachs Group Inc restated a “positive” rating and issued a $311.00 price objective on shares of TransDigm Group in a research note on Friday, March 17th. Wolfe Research upgraded TransDigm Group to an “outperform” rating in a research note on Friday, January 20th. Finally, Vertical Group upgraded TransDigm Group from a “hold” rating to a “buy” rating and set a $278.00 price objective for the company in a research note on Tuesday, March 14th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $282.18.
TransDigm Group (NYSE:TDG) traded up 3.13% during midday trading on Friday, hitting $255.56. The company’s stock had a trading volume of 2,130,617 shares. The company’s 50-day moving average is $240.26 and its 200 day moving average is $244.75. TransDigm Group has a one year low of $203.72 and a one year high of $294.38. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 29.00 and a beta of 0.49.
TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, May 9th. The aerospace company reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.17. TransDigm Group had a negative return on equity of 58.47% and a net margin of 13.91%. The firm had revenue of $873.23 million during the quarter, compared to analysts’ expectations of $894.37 million. During the same period last year, the business posted $2.86 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts predict that TransDigm Group will post $12.26 EPS for the current year.
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In other TransDigm Group news, Director Robert J. Small acquired 104,967 shares of the company’s stock in a transaction on Tuesday, March 14th. The shares were bought at an average cost of $232.95 per share, with a total value of $24,452,062.65. Following the completion of the acquisition, the director now owns 32,713 shares in the company, valued at $7,620,493.35. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joel Reiss sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were 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 in the company, valued at $2,428,704. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,000 shares of company stock worth $5,498,540. 10.52% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Elgethun Capital Management acquired a new stake in shares of TransDigm Group during the fourth quarter valued at approximately $116,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of TransDigm Group by 3.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 499 shares of the aerospace company’s stock valued at $126,000 after buying an additional 18 shares during the last quarter. First Capital Advisors Group LLC. acquired a new stake in shares of TransDigm Group during the fourth quarter valued at approximately $204,000. Flinton Capital Management LLC acquired a new stake in shares of TransDigm Group during the fourth quarter valued at approximately $211,000. Finally, Palisade Capital Management LLC NJ acquired a new stake in shares of TransDigm Group during the first quarter valued at approximately $220,000.
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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