Jefferies Group Begins Coverage on TransDigm Group Inc. (TDG)
Investment analysts at Jefferies Group began coverage on shares of TransDigm Group Inc. (NYSE:TDG) in a report released on Thursday, The Fly reports. The brokerage set a “buy” rating on the stock.
Other research analysts also recently issued reports about the stock. Canaccord Genuity restated a “buy” rating and issued a $325.00 price target on shares of TransDigm Group in a research report on Wednesday, September 7th. Morgan Stanley initiated coverage on shares of TransDigm Group in a research report on Thursday, June 23rd. They issued an “equal weight” rating and a $287.00 price objective on the stock. Deutsche Bank AG lifted their price objective on shares of TransDigm Group from $260.00 to $300.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. Zacks Investment Research downgraded shares of TransDigm Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Wolfe Research downgraded shares of TransDigm Group from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. TransDigm Group currently has a consensus rating of “Hold” and an average price target of $276.56.
Shares of TransDigm Group (NYSE:TDG) opened at 282.69 on Thursday. The stock has a 50 day moving average of $284.58 and a 200 day moving average of $255.75. TransDigm Group has a 52-week low of $180.76 and a 52-week high of $294.38. The firm has a market capitalization of $15.06 billion, a price-to-earnings ratio of 29.90 and a beta of 0.82.
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TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $3.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.82 by $0.27. TransDigm Group had a net margin of 17.25% and a negative return on equity of 62.15%. The company had revenue of $797.70 million for the quarter, compared to the consensus estimate of $805.23 million. During the same period last year, the firm posted $2.26 EPS. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, analysts predict that TransDigm Group will post $11.39 EPS for the current fiscal year.
In other news, EVP Bernt G. Iversen II sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $262.55, for a total value of $2,625,500.00. Following the transaction, the executive vice president now owns 15,010 shares of the company’s stock, valued at approximately $3,940,875.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Palmer sold 20,500 shares of TransDigm Group stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $281.84, for a total transaction of $5,777,720.00. Following the completion of the transaction, the insider now directly owns 14,000 shares in the company, valued at approximately $3,945,760. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. Allen Investment Management LLC boosted its position in shares of TransDigm Group by 384.5% in the first quarter. Allen Investment Management LLC now owns 156,828 shares of the company’s stock valued at $34,555,000 after buying an additional 124,459 shares in the last quarter. Douglass Winthrop Advisors LLC increased its position in TransDigm Group by 1.9% in the second quarter. Douglass Winthrop Advisors LLC now owns 93,849 shares of the company’s stock valued at $24,747,000 after buying an additional 1,724 shares during the period. British Airways Pensions Investment Management Ltd increased its position in TransDigm Group by 34.0% in the second quarter. British Airways Pensions Investment Management Ltd now owns 91,784 shares of the company’s stock valued at $24,298,000 after buying an additional 23,270 shares during the period. Jana Partners LLC purchased a new position in TransDigm Group during the first quarter valued at $80,610,000. Finally, National Pension Service increased its position in TransDigm Group by 4.4% in the first quarter. National Pension Service now owns 35,186 shares of the company’s stock valued at $7,753,000 after buying an additional 1,495 shares during the period. 87.73% of the stock is currently owned by institutional investors.
TransDigm Group Company Profile
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its 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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