TransDigm Group (TDG) Hits New 12-Month High and Low on Analyst Upgrade

TransDigm Group (NYSE:TDG)’s share price hit a new 52-week high and low on Tuesday after SunTrust Banks raised their price target on the stock to $335.00. SunTrust Banks currently has a buy rating on the stock. TransDigm Group traded as low as $323.91 and last traded at $322.52, with a volume of 227302 shares traded. The stock had previously closed at $320.25.

A number of other equities analysts have also weighed in on TDG. Morgan Stanley increased their target price on shares of TransDigm Group from $306.00 to $321.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 12th. Zacks Investment Research lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. Royal Bank of Canada reiterated a “buy” rating and set a $356.00 target price on shares of TransDigm Group in a research report on Friday, April 6th. Stephens upgraded shares of TransDigm Group to a “hold” rating in a research report on Thursday, February 22nd. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $337.00 target price (up previously from $320.00) on shares of TransDigm Group in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $326.57.

In related news, VP Robert S. Henderson sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $311.12, for a total value of $3,111,200.00. Following the sale, the vice president now directly owns 35,000 shares of the company’s stock, valued at $10,889,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Roger Jones sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 17th. The shares were sold at an average price of $321.77, for a total transaction of $1,608,850.00. Following the completion of the sale, the executive vice president now directly owns 9,000 shares in the company, valued at $2,895,930. The disclosure for this sale can be found here. Insiders sold 88,644 shares of company stock valued at $26,937,612 over the last 90 days. 11.45% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vident Investment Advisory LLC raised its stake in TransDigm Group by 75.4% in the third quarter. Vident Investment Advisory LLC now owns 1,179 shares of the aerospace company’s stock valued at $301,000 after purchasing an additional 507 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of TransDigm Group during the fourth quarter worth approximately $205,000. BlackRock Inc. raised its stake in shares of TransDigm Group by 1.2% during the fourth quarter. BlackRock Inc. now owns 4,156,622 shares of the aerospace company’s stock worth $1,141,491,000 after acquiring an additional 48,978 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of TransDigm Group by 23.3% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 4,635 shares of the aerospace company’s stock worth $1,273,000 after acquiring an additional 877 shares in the last quarter. Finally, Norinchukin Bank The raised its stake in shares of TransDigm Group by 7.5% during the fourth quarter. Norinchukin Bank The now owns 3,864 shares of the aerospace company’s stock worth $1,061,000 after acquiring an additional 271 shares in the last quarter.

The company has a market capitalization of $16,140.14, a P/E ratio of 26.95, a P/E/G ratio of 1.58 and a beta of 0.77. The company has a current ratio of 2.76, a quick ratio of 1.86 and a debt-to-equity ratio of -4.38.

TransDigm Group (NYSE:TDG) last issued its earnings results 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 negative return on equity of 27.70% and a net margin of 18.95%. The firm had revenue of $847.96 million during the quarter, compared to analysts’ expectations of $860.12 million. During the same period in the previous year, the firm earned $2.57 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. analysts anticipate that TransDigm Group will post 16.69 EPS for the current fiscal year.

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About TransDigm Group

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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