TransDigm Group Inc. (TDG) Stock Rating Reaffirmed by Wolfe Research
TransDigm Group Inc. (NYSE:TDG)‘s stock had its “market perform” rating reissued by equities research analysts at Wolfe Research in a report released on Friday.
TDG has been the topic of a number of other reports. Barclays PLC lifted their price objective on TransDigm Group from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, June 22nd. Deutsche Bank AG lifted their price objective on TransDigm Group from $260.00 to $300.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. Jefferies Group set a $340.00 price objective on TransDigm Group and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research cut TransDigm Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, Morgan Stanley assumed coverage on TransDigm Group in a report on Thursday, June 23rd. They issued an “equal weight” rating and a $287.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $288.18.
TransDigm Group (NYSE:TDG) opened at 280.90 on Friday. TransDigm Group has a one year low of $180.76 and a one year high of $294.38. The company has a market cap of $14.96 billion, a PE ratio of 29.71 and a beta of 0.72. The stock has a 50 day moving average of $286.00 and a 200 day moving average of $261.16.
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TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $3.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.82 by $0.27. TransDigm Group had a negative return on equity of 62.15% and a net margin of 17.25%. The firm had revenue of $797.70 million for the quarter, compared to analysts’ expectations of $805.23 million. During the same period in the previous year, the firm earned $2.26 EPS. The business’s quarterly revenue was up 15.4% on a year-over-year basis. On average, analysts anticipate that TransDigm Group will post $11.39 earnings per share for the current fiscal year.
In other news, insider Roger Jones sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $285.92, for a total transaction of $2,144,400.00. Following the transaction, the insider now owns 11,500 shares of the company’s stock, valued at approximately $3,288,080. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bernt G. Iversen II sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $287.16, for a total value of $2,871,600.00. Following the transaction, the insider now directly owns 15,010 shares in the company, valued at approximately $4,310,271.60. The disclosure for this sale can be found here. Insiders own 9.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in TDG. Fifth Third Bancorp increased its position in shares of TransDigm Group by 2.1% in the second quarter. Fifth Third Bancorp now owns 578 shares of the company’s stock valued at $152,000 after buying an additional 12 shares during the period. Advisory Services Network LLC increased its position in shares of TransDigm Group by 341.5% in the second quarter. Advisory Services Network LLC now owns 702 shares of the company’s stock valued at $185,000 after buying an additional 543 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of TransDigm Group during the second quarter valued at approximately $196,000. Global X Management Co. LLC increased its position in shares of TransDigm Group by 75.1% in the second quarter. Global X Management Co. LLC now owns 795 shares of the company’s stock valued at $210,000 after buying an additional 341 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in shares of TransDigm Group during the second quarter valued at approximately $211,000. 87.73% of the stock is currently owned by hedge funds and other 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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