Transdigm Group Incorporated (TDG) Given Consensus Recommendation of “Buy” by Brokerages
Transdigm Group Incorporated (NYSE:TDG) has earned a consensus rating of “Buy” from the nineteen research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $296.86.
TDG has been the subject of several recent research reports. Cowen and Company reissued a “market perform” rating and set a $290.00 price target (up from $219.00) on shares of Transdigm Group in a research report on Thursday, August 10th. Zacks Investment Research cut Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. BidaskClub cut Transdigm Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Canaccord Genuity reissued a “buy” rating and set a $300.00 price target on shares of Transdigm Group in a research report on Thursday, May 25th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $283.00 price target on shares of Transdigm Group in a research report on Friday, July 14th.
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In other news, Director Raymond F. Laubenthal sold 6,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $281.81, for a total transaction of $1,690,860.00. Following the transaction, the director now owns 75,701 shares in the company, valued at $21,333,298.81. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jorge Valladares sold 100 shares of the stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $276.00, for a total value of $27,600.00. Following the transaction, the insider now owns 9,100 shares in the company, valued at approximately $2,511,600. The disclosure for this sale can be found here. Insiders sold 18,000 shares of company stock worth $5,024,197 in the last 90 days. Corporate insiders own 10.52% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in TDG. Northwestern Mutual Wealth Management Co. increased its stake in shares of Transdigm Group by 3.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock worth $103,000 after purchasing an additional 14 shares during the period. Korea Investment CORP increased its stake in shares of Transdigm Group by 142.6% during the second quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock worth $133,000 after purchasing an additional 291 shares during the period. Neville Rodie & Shaw Inc. bought a new position in shares of Transdigm Group during the second quarter worth approximately $200,000. HighTower Advisors LLC bought a new position in shares of Transdigm Group during the second quarter worth approximately $201,000. Finally, Laurion Capital Management LP bought a new position in shares of Transdigm Group during the second quarter worth approximately $205,000.
Shares of Transdigm Group (TDG) traded up 0.56% on Friday, hitting $256.15. The company had a trading volume of 633,932 shares. Transdigm Group has a 12-month low of $203.72 and a 12-month high of $295.00. The firm has a 50 day moving average of $270.22 and a 200-day moving average of $257.31. The firm has a market capitalization of $13.30 billion, a P/E ratio of 28.46 and a beta of 0.54.
Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.32. The company had revenue of $907.67 million during the quarter, compared to analysts’ expectations of $903.99 million. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. Transdigm Group’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.09 earnings per share. On average, equities analysts predict that Transdigm Group will post $12.30 EPS for the current year.
The firm also recently disclosed a special dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, September 5th were paid a $22.00 dividend. The ex-dividend date of this dividend was Thursday, August 31st.
About Transdigm Group
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The 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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