Transdigm Group’s (TDG) “Buy” Rating Reiterated at Robert W. Baird
Transdigm Group Incorporated (NYSE:TDG)‘s stock had its “buy” rating reaffirmed by investment analysts at Robert W. Baird in a report released on Thursday. They currently have a $300.00 price objective on the aerospace company’s stock. Robert W. Baird’s target price points to a potential upside of 13.40% from the company’s current price.
A number of other analysts also recently weighed in on the company. Royal Bank Of Canada restated a “buy” rating and issued a $316.00 price target on shares of Transdigm Group in a research note on Friday, September 1st. Zacks Investment Research downgraded Transdigm Group from a “buy” rating to a “hold” rating and set a $308.00 price target on the stock. in a research note on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and issued a $283.00 price target on shares of Transdigm Group in a research note on Friday, July 14th. Wolfe Research downgraded Transdigm Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 20th. Finally, Canaccord Genuity restated a “buy” rating and issued a $330.00 price target on shares of Transdigm Group in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $295.58.
Shares of Transdigm Group (TDG) traded up 0.56% on Thursday, hitting $266.03. The stock had a trading volume of 111,928 shares. Transdigm Group has a 12 month low of $203.72 and a 12 month high of $295.00. The stock has a market cap of $13.81 billion, a P/E ratio of 29.56 and a beta of 0.53. The firm has a 50 day moving average of $261.28 and a 200 day moving average of $260.76.
Transdigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.32. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. The firm had revenue of $907.67 million for the quarter, compared to the consensus estimate of $903.99 million. During the same period in the previous year, the business earned $3.09 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, equities analysts forecast that Transdigm Group will post $12.30 earnings per share for the current fiscal year.
In other news, insider Jorge Valladares sold 5,900 shares of the company’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $278.03, for a total value of $1,640,377.00. Following the sale, the insider now directly owns 14,900 shares in the company, valued at $4,142,647. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $277.56, for a total value of $1,665,360.00. Following the completion of the sale, the director now owns 75,701 shares in the company, valued at $21,011,569.56. The disclosure for this sale can be found here. Insiders sold 23,900 shares of company stock worth $6,521,737 over the last 90 days. Company insiders own 10.52% of the company’s stock.
Large investors have recently modified their holdings of the company. HPM Partners LLC lifted its position in shares of Transdigm Group by 196.7% in the second quarter. HPM Partners LLC now owns 5,739 shares of the aerospace company’s stock valued at $810,000 after acquiring an additional 3,805 shares in the last quarter. Soros Fund Management LLC purchased a new stake in shares of Transdigm Group in the first quarter valued at $308,000. Victory Capital Management Inc. lifted its position in shares of Transdigm Group by 14.6% in the second quarter. Victory Capital Management Inc. now owns 25,758 shares of the aerospace company’s stock valued at $6,926,000 after acquiring an additional 3,273 shares in the last quarter. Edgestream Partners L.P. lifted its position in shares of Transdigm Group by 27.9% in the first quarter. Edgestream Partners L.P. now owns 6,859 shares of the aerospace company’s stock valued at $1,510,000 after acquiring an additional 1,497 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Transdigm Group by 2.2% in the second quarter. Swiss National Bank now owns 193,200 shares of the aerospace company’s stock valued at $51,946,000 after acquiring an additional 4,200 shares in the last quarter.
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.
Receive News & Ratings for Transdigm Group Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transdigm Group Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.