Transdigm Group Incorporated (TDG) Receives Average Rating of “Buy” from Analysts
Transdigm Group Incorporated (NYSE:TDG) has received an average rating of “Buy” from the nineteen brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $294.80.
A number of brokerages have issued reports on TDG. Zacks Investment Research lowered shares of Transdigm Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Jefferies Group LLC reiterated a “buy” rating and issued a $283.00 price objective on shares of Transdigm Group in a research note on Friday, July 14th. Vertical Research reiterated a “buy” rating and issued a $316.00 price objective (up previously from $280.00) on shares of Transdigm Group in a research note on Thursday, August 10th. BidaskClub lowered shares of Transdigm Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $330.00 price objective (up previously from $300.00) on shares of Transdigm Group in a research note on Wednesday, August 9th.
Shares of Transdigm Group (NYSE:TDG) traded down 0.74% during midday trading on Wednesday, hitting $264.56. 388,899 shares of the company traded hands. The company has a 50-day moving average price of $261.59 and a 200-day moving average price of $260.74. The stock has a market capitalization of $13.73 billion, a P/E ratio of 29.40 and a beta of 0.53. Transdigm Group has a 52 week low of $203.72 and a 52 week high of $295.00.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.32. Transdigm Group had a net margin of 14.47% and a negative return on equity of 40.12%. The business had revenue of $907.67 million for the quarter, compared to analyst estimates of $903.99 million. During the same quarter in the prior year, the business posted $3.09 EPS. Transdigm Group’s revenue for the quarter was up 13.8% compared to the same quarter last year. Analysts anticipate that Transdigm Group will post $12.30 earnings per share for the current fiscal year.
The firm also recently declared a special dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, September 5th were paid a $22.00 dividend. The ex-dividend date was Thursday, August 31st.
In related news, insider Jorge Valladares sold 5,900 shares of the firm’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $278.03, for a total transaction of $1,640,377.00. Following the completion of the sale, the insider now directly owns 14,900 shares in the company, valued at $4,142,647. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $254.19, for a total transaction of $1,525,140.00. Following the sale, the director now owns 75,701 shares of the company’s stock, valued at $19,242,437.19. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,900 shares of company stock worth $6,521,737. Insiders own 10.52% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in TDG. Pacer Advisors Inc. increased its position in Transdigm Group by 3.3% during the first quarter. Pacer Advisors Inc. now owns 1,023 shares of the aerospace company’s stock worth $225,000 after purchasing an additional 33 shares during the last quarter. Stifel Financial Corp increased its position in Transdigm Group by 20.8% during the first quarter. Stifel Financial Corp now owns 4,260 shares of the aerospace company’s stock worth $936,000 after purchasing an additional 734 shares during the last quarter. Victory Capital Management Inc. increased its position in Transdigm Group by 521.1% during the first quarter. Victory Capital Management Inc. now owns 22,485 shares of the aerospace company’s stock worth $4,950,000 after purchasing an additional 18,865 shares during the last quarter. OppenheimerFunds Inc. increased its position in Transdigm Group by 19.8% during the first quarter. OppenheimerFunds Inc. now owns 1,702 shares of the aerospace company’s stock worth $375,000 after purchasing an additional 281 shares during the last quarter. Finally, Rothschild Asset Management Inc. acquired a new stake in Transdigm Group during the first quarter worth about $399,000.
Transdigm Group Company Profile
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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