TransDigm Group (NYSE:TDG) Director Raymond F. Laubenthal sold 11,900 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $292.44, for a total value of $3,480,036.00. Following the completion of the transaction, the director now owns 27,688 shares in the company, valued at $8,097,078.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE TDG opened at $306.36 on Friday. The company has a debt-to-equity ratio of -4.38, a current ratio of 2.76 and a quick ratio of 1.86. TransDigm Group has a 1 year low of $224.29 and a 1 year high of $321.38. The firm has a market capitalization of $16,229.92, a price-to-earnings ratio of 25.51, a P/E/G ratio of 1.59 and a beta of 0.78.
TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share (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 company had revenue of $847.96 million during the quarter, compared to analyst estimates of $860.12 million. During the same quarter in the prior year, the company earned $2.57 EPS. The business’s revenue was up 4.2% on a year-over-year basis. sell-side analysts anticipate that TransDigm Group will post 16.69 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in TransDigm Group by 1.2% in the fourth quarter. BlackRock Inc. now owns 4,156,622 shares of the aerospace company’s stock valued at $1,141,491,000 after acquiring an additional 48,978 shares in the last quarter. Capital International Investors boosted its stake in shares of TransDigm Group by 3.5% during the third quarter. Capital International Investors now owns 1,379,346 shares of the aerospace company’s stock worth $352,630,000 after buying an additional 46,753 shares during the period. Windacre Partnership LLC boosted its stake in shares of TransDigm Group by 14.5% during the fourth quarter. Windacre Partnership LLC now owns 885,200 shares of the aerospace company’s stock worth $243,094,000 after buying an additional 112,100 shares during the period. Viking Global Investors LP acquired a new stake in shares of TransDigm Group during the fourth quarter worth about $157,994,000. Finally, Geode Capital Management LLC boosted its stake in shares of TransDigm Group by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 491,939 shares of the aerospace company’s stock worth $134,797,000 after buying an additional 15,020 shares during the period.
TDG has been the topic of a number of research reports. Morgan Stanley restated an “equal weight” rating and set a $306.00 price target (up from $290.00) on shares of TransDigm Group in a research note on Friday, February 23rd. Barclays assumed coverage on TransDigm Group in a research report on Thursday, March 29th. They set an “overweight” rating and a $382.00 price objective on the stock. Bank of America upped their price objective on TransDigm Group from $305.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. SunTrust Banks reaffirmed a “buy” rating on shares of TransDigm Group in a research report on Friday, January 19th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $337.00 price objective (up previously from $320.00) on shares of TransDigm Group in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $323.50.
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TransDigm Group Company Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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