Wolfe Research Lowers TransDigm Group (TDG) to Market Perform

Wolfe Research cut shares of TransDigm Group (NYSE:TDG) from an outperform rating to a market perform rating in a research note issued to investors on Tuesday morning.

Several other equities research analysts have also commented on the stock. Zacks Investment Research raised shares of TransDigm Group from a hold rating to a buy rating and set a $359.00 price target for the company in a report on Monday, May 7th. ValuEngine raised shares of TransDigm Group from a hold rating to a buy rating in a report on Wednesday, May 2nd. Cowen reissued a hold rating on shares of TransDigm Group in a report on Tuesday, May 1st. Canaccord Genuity boosted their price target on shares of TransDigm Group from $330.00 to $350.00 and gave the stock a buy rating in a report on Monday, April 30th. Finally, SunTrust Banks boosted their price target on shares of TransDigm Group to $335.00 and gave the stock a buy rating in a report on Monday, April 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. TransDigm Group presently has a consensus rating of Buy and a consensus price target of $331.00.

TransDigm Group opened at $330.10 on Tuesday, MarketBeat Ratings reports. The company has a quick ratio of 2.09, a current ratio of 3.04 and a debt-to-equity ratio of -4.92. The company has a market cap of $16.96 billion, a PE ratio of 27.49, a PEG ratio of 1.65 and a beta of 0.79. TransDigm Group has a 1-year low of $247.87 and a 1-year high of $338.89.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.28. The firm had revenue of $933.10 million during the quarter, compared to analyst estimates of $930.30 million. TransDigm Group had a net margin of 19.77% and a negative return on equity of 28.60%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.03 EPS. analysts expect that TransDigm Group will post 17.17 earnings per share for the current fiscal year.

In other news, COO Kevin M. Stein purchased 1,347 shares of the stock in a transaction dated Thursday, February 22nd. The shares were purchased at an average price of $296.79 per share, with a total value of $399,776.13. Following the transaction, the chief operating officer now owns 1,347 shares in the company, valued at approximately $399,776.13. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Roger Jones sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $299.15, for a total transaction of $1,495,750.00. Following the transaction, the insider now directly owns 9,000 shares in the company, valued at approximately $2,692,350. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,600 shares of company stock worth $34,139,170. 10.52% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. acquired a new position in shares of TransDigm Group during the 4th quarter valued at about $205,000. BlackRock Inc. boosted its position in shares of 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 acquiring an additional 48,978 shares during the last quarter. Vantage Financial Partners Ltd. Inc. boosted its position in shares of TransDigm Group by 65.0% during the 4th quarter. Vantage Financial Partners Ltd. Inc. now owns 3,300 shares of the aerospace company’s stock valued at $901,000 after acquiring an additional 1,300 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of TransDigm Group by 23.3% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 4,635 shares of the aerospace company’s stock valued at $1,273,000 after acquiring an additional 877 shares during the last quarter. Finally, Norinchukin Bank The boosted its position in shares of TransDigm Group by 7.5% during the 4th quarter. Norinchukin Bank The now owns 3,864 shares of the aerospace company’s stock valued at $1,061,000 after acquiring an additional 271 shares during the last quarter.

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.

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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