TransDigm Group Incorporated (NYSE:TDG) has been given an average recommendation of “Buy” by the nineteen analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $318.21.
TDG has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $317.00 price objective on the stock in a report on Monday, February 12th. JPMorgan Chase & Co. downgraded shares of TransDigm Group from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. Royal Bank of Canada set a $346.00 price objective on shares of TransDigm Group and gave the company a “buy” rating in a report on Thursday, November 16th. Morgan Stanley restated an “equal weight” rating and set a $306.00 price objective (up previously from $290.00) on shares of TransDigm Group in a report on Friday, February 23rd. Finally, Bank of America upped their price objective on shares of TransDigm Group from $305.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, February 8th.
TransDigm Group (NYSE:TDG) traded up $0.88 on Friday, hitting $296.00. 494,060 shares of the stock traded hands, compared to its average volume of 541,169. TransDigm Group has a 12-month low of $203.72 and a 12-month 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 firm has a market capitalization of $15,400.00, a P/E ratio of 29.59, a P/E/G ratio of 1.48 and a beta of 0.85.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $847.96 million for the quarter, compared to analyst estimates of $860.12 million. During the same quarter last year, the company earned $2.57 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. research analysts expect that TransDigm Group will post 16.69 EPS for the current fiscal year.
In related news, Director Raymond F. Laubenthal sold 6,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $277.48, for a total value of $1,664,880.00. Following the transaction, the director now owns 75,818 shares in the company, valued at approximately $21,037,978.64. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO W Nicholas Howley sold 9,500 shares of the stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $295.00, for a total transaction of $2,802,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,644 shares of company stock worth $19,461,091. 10.52% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB grew its stake in shares of TransDigm Group by 5.4% during the 4th quarter. Xact Kapitalforvaltning AB now owns 14,583 shares of the aerospace company’s stock worth $4,005,000 after purchasing an additional 752 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of TransDigm Group by 4.6% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,344 shares of the aerospace company’s stock worth $7,509,000 after purchasing an additional 1,196 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in shares of TransDigm Group by 58.0% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,723 shares of the aerospace company’s stock worth $748,000 after purchasing an additional 1,000 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of TransDigm Group during the 4th quarter worth approximately $4,106,000. Finally, Gotham Asset Management LLC grew its stake in shares of TransDigm Group by 7.5% during the 4th quarter. Gotham Asset Management LLC now owns 65,581 shares of the aerospace company’s stock worth $18,010,000 after purchasing an additional 4,553 shares during the period.
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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.
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