Transdigm Group Incorporated (TDG) Upgraded to Outperform by Wolfe Research

Wolfe Research upgraded shares of Transdigm Group Incorporated (NYSE:TDG) from a market perform rating to an outperform rating in a research report sent to investors on Friday.

Several other brokerages have also commented on TDG. Vertical Research restated a buy rating and issued a $316.00 price objective (up from $280.00) on shares of Transdigm Group in a report on Thursday, August 10th. Royal Bank of Canada restated a buy rating and issued a $316.00 price objective on shares of Transdigm Group in a report on Friday, September 1st. Deutsche Bank AG raised their price objective on shares of Transdigm Group from $305.00 to $320.00 and gave the stock a buy rating in a report on Wednesday, August 9th. Canaccord Genuity restated a buy rating and issued a $330.00 price objective (up from $300.00) on shares of Transdigm Group in a report on Wednesday, August 9th. Finally, Jefferies Group LLC raised their price objective on shares of Transdigm Group from $283.00 to $322.00 and gave the stock a buy rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $295.11.

Transdigm Group (NYSE:TDG) traded up $1.42 during trading on Friday, hitting $267.00. 760,500 shares of the stock were exchanged, compared to its average volume of 821,979. The company has a current ratio of 3.27, a quick ratio of 2.25 and a debt-to-equity ratio of -5.71. The stock has a market capitalization of $13,816.49, a price-to-earnings ratio of 22.30, a P/E/G ratio of 2.19 and a beta of 0.50. Transdigm Group has a one year low of $203.72 and a one year high of $295.00.

Transdigm Group (NYSE:TDG) last posted its earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.18 by $0.30. The company had revenue of $923.89 million during the quarter, compared to analyst estimates of $959.77 million. Transdigm Group had a net margin of 12.44% and a negative return on equity of 34.08%. Transdigm Group’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.29 earnings per share. sell-side analysts anticipate that Transdigm Group will post 12.76 earnings per share for the current year.

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In related news, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $254.19, for a total transaction of $1,525,140.00. Following the completion of the sale, the director now owns 75,701 shares of the company’s stock, valued at $19,242,437.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert S. Henderson sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $263.74, for a total transaction of $3,956,100.00. The disclosure for this sale can be found here. Insiders have sold 33,000 shares of company stock valued at $8,729,280 in the last ninety days. Insiders own 10.52% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Transdigm Group by 1.6% during the second quarter. Vanguard Group Inc. now owns 4,824,369 shares of the aerospace company’s stock valued at $1,297,129,000 after acquiring an additional 76,897 shares in the last quarter. Tiger Global Management LLC increased its position in shares of Transdigm Group by 57.4% during the second quarter. Tiger Global Management LLC now owns 4,000,000 shares of the aerospace company’s stock valued at $1,075,480,000 after acquiring an additional 1,459,272 shares in the last quarter. BlackRock Inc. increased its position in shares of Transdigm Group by 0.9% during the second quarter. BlackRock Inc. now owns 3,992,584 shares of the aerospace company’s stock valued at $1,073,487,000 after acquiring an additional 37,025 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Transdigm Group by 1.3% during the third quarter. Principal Financial Group Inc. now owns 2,677,120 shares of the aerospace company’s stock valued at $684,405,000 after acquiring an additional 35,010 shares in the last quarter. Finally, Capital International Investors increased its position in shares of Transdigm Group by 51.8% during the second quarter. Capital International Investors now owns 1,332,593 shares of the aerospace company’s stock valued at $358,294,000 after acquiring an additional 454,568 shares in the last quarter.

About Transdigm Group

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.

Analyst Recommendations for Transdigm Group (NYSE:TDG)

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