TransDigm Group Incorporated (NYSE:TDG) has earned a consensus recommendation of “Buy” from the twenty-one brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $310.11.
A number of equities research analysts have issued reports on TDG shares. Zacks Investment Research raised shares of TransDigm Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Royal Bank of Canada set a $346.00 target price on shares of TransDigm Group and gave the company a “buy” rating in a report on Thursday, November 16th. Jefferies Group reissued a “hold” rating and set a $285.00 target price on shares of TransDigm Group in a report on Monday, January 8th. Canaccord Genuity reissued a “buy” rating and set a $330.00 target price on shares of TransDigm Group in a report on Friday, February 2nd. Finally, SunTrust Banks reissued a “buy” rating and set a $307.00 target price on shares of TransDigm Group in a report on Friday, November 10th.
TransDigm Group (TDG) traded up $0.50 during trading on Tuesday, reaching $298.94. The company had a trading volume of 155,087 shares, compared to its average volume of 483,836. TransDigm Group has a fifty-two week low of $203.72 and a fifty-two week high of $321.38. The company has a current ratio of 2.76, a quick ratio of 1.86 and a debt-to-equity ratio of -4.38. The stock has a market capitalization of $15,157.29, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 1.44 and a beta of 0.77.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $2.43 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.21). TransDigm Group had a net margin of 18.95% and a negative return on equity of 27.70%. The firm had revenue of $847.96 million during the quarter, compared to analysts’ expectations of $860.12 million. During the same quarter in the previous year, the company posted $2.57 EPS. TransDigm Group’s revenue for the quarter was up 4.2% on a year-over-year basis. equities analysts anticipate that TransDigm Group will post 17.2 earnings per share for the current year.
In other news, Director Raymond F. Laubenthal sold 11,900 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $293.75, for a total value of $3,495,625.00. Following the transaction, the director now owns 81,718 shares of the company’s stock, valued at $24,004,662.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael Graff sold 1,872 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $278.92, for a total transaction of $522,138.24. Following the completion of the transaction, the director now directly owns 9,482 shares in the company, valued at approximately $2,644,719.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,116 shares of company stock worth $12,204,944. Insiders own 10.52% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in TDG. Thrivent Financial For Lutherans increased its stake in TransDigm Group by 1.1% in the second quarter. Thrivent Financial For Lutherans now owns 1,850 shares of the aerospace company’s stock valued at $497,000 after acquiring an additional 20 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in TransDigm Group by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 131,579 shares of the aerospace company’s stock valued at $35,373,000 after acquiring an additional 2,133 shares during the last quarter. HighTower Advisors LLC bought a new position in TransDigm Group in the second quarter valued at $201,000. Janus Henderson Group PLC increased its stake in TransDigm Group by 1,188.3% in the second quarter. Janus Henderson Group PLC now owns 87,902 shares of the aerospace company’s stock valued at $23,633,000 after acquiring an additional 81,079 shares during the last quarter. Finally, Nomura Holdings Inc. increased its stake in TransDigm Group by 113.8% in the second quarter. Nomura Holdings Inc. now owns 3,640 shares of the aerospace company’s stock valued at $979,000 after acquiring an additional 30,101 shares during the last quarter.
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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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