TransDigm Group Incorporated (NYSE:TDG) EVP Roger Jones sold 5,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $294.50, for a total transaction of $1,472,500.00. Following the completion of the sale, the executive vice president now owns 9,000 shares of the company’s stock, valued at approximately $2,650,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
TransDigm Group Incorporated (TDG) opened at $299.17 on Friday. The company has a debt-to-equity ratio of -3.86, a current ratio of 2.45 and a quick ratio of 1.61. TransDigm Group Incorporated has a 12-month low of $203.72 and a 12-month high of $299.66. The stock has a market cap of $15,540.00, a P/E ratio of 35.40, a PEG ratio of 2.48 and a beta of 0.62.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Thursday, November 9th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.30. TransDigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The firm had revenue of $923.89 million for the quarter, compared to the consensus estimate of $959.77 million. During the same quarter in the previous year, the firm earned $3.29 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. research analysts forecast that TransDigm Group Incorporated will post 12.73 earnings per share for the current year.
TDG has been the subject of several recent research reports. SunTrust Banks restated a “buy” rating and issued a $307.00 price target on shares of TransDigm Group in a report on Friday, November 10th. Royal Bank of Canada set a $346.00 price target on shares of TransDigm Group and gave the company a “buy” rating in a report on Thursday, November 16th. Robert W. Baird restated a “buy” rating and issued a $300.00 price target on shares of TransDigm Group in a report on Thursday, October 12th. Canaccord Genuity reduced their price target on shares of TransDigm Group from $330.00 to $315.00 and set a “buy” rating for the company in a report on Friday, November 10th. Finally, Jefferies Group restated a “hold” rating and issued a $285.00 price target on shares of TransDigm Group in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $297.17.
Institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in TransDigm Group by 3.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock worth $103,000 after purchasing an additional 14 shares during the last quarter. Neville Rodie & Shaw Inc. purchased a new stake in TransDigm Group during the 4th quarter worth approximately $205,000. HighTower Advisors LLC purchased a new stake in TransDigm Group during the 2nd quarter worth approximately $201,000. Laurion Capital Management LP purchased a new stake in TransDigm Group during the 2nd quarter worth approximately $205,000. Finally, Trexquant Investment LP purchased a new stake in TransDigm Group during the 3rd quarter worth approximately $209,000.
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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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