TransDigm Group (NYSE:TDG) had its target price hoisted by SunTrust Banks to $335.00 in a research note issued to investors on Monday morning. SunTrust Banks currently has a buy rating on the aerospace company’s stock.
Several other equities research analysts have also issued reports on TDG. Jefferies Group restated a hold rating and issued a $285.00 target price on shares of TransDigm Group in a report on Monday, January 8th. Royal Bank of Canada set a $370.00 target price on shares of TransDigm Group and gave the stock a buy rating in a report on Wednesday, January 24th. Cowen restated a hold rating and issued a $290.00 target price on shares of TransDigm Group in a report on Monday, January 29th. Canaccord Genuity restated a buy rating and issued a $330.00 target price on shares of TransDigm Group in a report on Friday, February 2nd. Finally, Credit Suisse Group reaffirmed an outperform rating and issued a $337.00 price target (up previously from $320.00) on shares of TransDigm Group in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $326.57.
TransDigm Group stock opened at $326.37 on Monday. The stock has a market capitalization of $16,715.87, a PE ratio of 27.17, a PEG ratio of 1.64 and a beta of 0.78. 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 12-month low of $235.92 and a 12-month high of $328.79.
TransDigm Group (NYSE:TDG) last released its earnings results 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). The firm had revenue of $847.96 million during the quarter, compared to the consensus estimate of $860.12 million. TransDigm Group had a negative return on equity of 27.70% and a net margin of 18.95%. TransDigm Group’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.57 EPS. research analysts forecast that TransDigm Group will post 16.69 EPS for the current year.
In other TransDigm Group news, EVP Roger Jones sold 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 9,000 shares of the company’s stock, valued at approximately $2,895,930. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alex Feil sold 5,444 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $280.85, for a total transaction of $1,528,947.40. Following the transaction, the insider now directly owns 5,444 shares in the company, valued at approximately $1,528,947.40. The disclosure for this sale can be found here. Insiders sold a total of 88,644 shares of company stock worth $26,937,612 in the last ninety days. 11.45% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its position in TransDigm Group by 1.2% during the 4th quarter. BlackRock Inc. now owns 4,156,622 shares of the aerospace company’s stock valued at $1,141,491,000 after purchasing an additional 48,978 shares during the period. Windacre Partnership LLC increased its position in TransDigm Group by 14.5% during the 4th quarter. Windacre Partnership LLC now owns 885,200 shares of the aerospace company’s stock valued at $243,094,000 after purchasing an additional 112,100 shares during the period. Viking Global Investors LP purchased a new position in TransDigm Group during the 4th quarter valued at about $157,994,000. Geode Capital Management LLC increased its position in TransDigm Group by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 491,939 shares of the aerospace company’s stock valued at $134,797,000 after purchasing an additional 15,020 shares during the period. Finally, Bank of New York Mellon Corp increased its position in TransDigm Group by 25.1% during the 4th quarter. Bank of New York Mellon Corp now owns 414,268 shares of the aerospace company’s stock valued at $113,765,000 after purchasing an additional 83,180 shares during the period.
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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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