TransDigm Group’s (TDG) “Market Perform” Rating Reiterated at Wolfe Research
TransDigm Group Inc. (NYSE:TDG)‘s stock had its “market perform” rating reissued by research analysts at Wolfe Research in a report released on Friday.
A number of other analysts have also recently issued reports on TDG. Canaccord Genuity reissued a “buy” rating and issued a $280.00 price objective on shares of TransDigm Group in a research note on Tuesday, June 21st. Barclays PLC raised their target price on shares of TransDigm Group from $285.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, June 22nd. Morgan Stanley started coverage on shares of TransDigm Group in a research note on Thursday, June 23rd. They set an “equal weight” rating and a $287.00 target price for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $271.00 target price on shares of TransDigm Group in a research note on Saturday, June 25th. Finally, KeyCorp raised shares of TransDigm Group from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, June 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $288.18.
Shares of TransDigm Group (NYSE:TDG) opened at 280.90 on Friday. TransDigm Group has a 1-year low of $180.76 and a 1-year high of $294.38. The firm has a 50-day moving average of $286.00 and a 200 day moving average of $261.16. The company has a market capitalization of $14.96 billion, a P/E ratio of 29.71 and a beta of 0.72.
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TransDigm Group (NYSE:TDG) last announced its quarterly earnings data 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. The firm earned $797.70 million during the quarter, compared to analysts’ expectations of $805.23 million. TransDigm Group had a net margin of 17.25% and a negative return on equity of 62.15%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.26 earnings per share. On average, analysts anticipate that TransDigm Group will post $11.39 EPS for the current year.
In related news, insider Bernt G. Iversen II sold 10,000 shares of TransDigm Group stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $287.16, for a total transaction of $2,871,600.00. Following the completion of the sale, the insider now owns 15,010 shares in the company, valued at approximately $4,310,271.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Palmer sold 20,500 shares of TransDigm Group stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $281.84, for a total transaction of $5,777,720.00. Following the sale, the insider now owns 14,000 shares of the company’s stock, 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.
A number of large investors have recently made changes to their positions in the stock. Fifth Third Bancorp raised its stake in shares of TransDigm Group by 2.1% in the second quarter. Fifth Third Bancorp now owns 578 shares of the company’s stock worth $152,000 after buying an additional 12 shares during the last quarter. Advisory Services Network LLC raised its stake 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 worth $185,000 after buying an additional 543 shares during the last quarter. Seven Eight Capital LLC bought a new stake in shares of TransDigm Group during the first quarter worth $195,000. Tower Research Capital LLC TRC bought a new stake in shares of TransDigm Group during the second quarter worth $196,000. Finally, Global X Management Co. LLC raised its stake 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 worth $210,000 after buying an additional 341 shares during the last quarter. Institutional investors own 87.73% of the company’s stock.
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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