Transdigm Group Incorporated (NYSE:TDG) – Analysts at SunTrust Banks decreased their FY2018 earnings per share (EPS) estimates for Transdigm Group in a research report issued on Wednesday. SunTrust Banks analyst M. Ciarmoli now anticipates that the aerospace company will post earnings of $13.08 per share for the year, down from their previous estimate of $13.39. SunTrust Banks currently has a “Buy” rating and a $300.00 target price on the stock.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.98 by $0.32. The business 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%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.09 EPS.

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Several other research analysts have also weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $316.00 price target on shares of Transdigm Group in a research report on Friday, September 1st. Credit Suisse Group reaffirmed an “outperform” rating and set a $320.00 price target (up previously from $301.00) on shares of Transdigm Group in a research report on Thursday, August 10th. They noted that the move was a valuation call. Deutsche Bank AG boosted their price target on Transdigm Group from $305.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered Transdigm Group from a “buy” rating to a “hold” rating and set a $308.00 price target on the stock. in a research report on Thursday, July 13th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $330.00 price target on shares of Transdigm Group in a research report on Friday, September 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Transdigm Group presently has an average rating of “Buy” and a consensus target price of $295.58.

Shares of Transdigm Group (TDG) traded up 1.55% during midday trading on Friday, hitting $268.60. The company had a trading volume of 328,815 shares. The firm’s 50-day moving average is $260.00 and its 200-day moving average is $262.47. Transdigm Group has a 12-month low of $203.72 and a 12-month high of $295.00. The firm has a market capitalization of $13.94 billion, a P/E ratio of 29.84 and a beta of 0.53.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Transdigm Group by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,824,369 shares of the aerospace company’s stock valued at $1,297,129,000 after purchasing an additional 76,897 shares during the period. Tiger Global Management LLC boosted its stake in Transdigm Group by 57.4% in the 2nd quarter. Tiger Global Management LLC now owns 4,000,000 shares of the aerospace company’s stock valued at $1,075,480,000 after purchasing an additional 1,459,272 shares during the period. BlackRock Inc. boosted its stake in Transdigm Group by 0.9% in the 2nd quarter. BlackRock Inc. now owns 3,992,584 shares of the aerospace company’s stock valued at $1,073,487,000 after purchasing an additional 37,025 shares during the period. Capital International Investors boosted its stake in Transdigm Group by 51.8% in the 2nd quarter. Capital International Investors now owns 1,332,593 shares of the aerospace company’s stock valued at $358,294,000 after purchasing an additional 454,568 shares during the period. Finally, Matrix Capital Management Company LP boosted its stake in Transdigm Group by 16.2% in the 2nd quarter. Matrix Capital Management Company LP now owns 717,783 shares of the aerospace company’s stock valued at $192,990,000 after purchasing an additional 100,000 shares during the period.

In related news, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $254.19, for a total value of $1,525,140.00. Following the completion of the sale, the director now directly owns 75,701 shares in the company, valued at approximately $19,242,437.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert S. Henderson sold 15,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $263.74, for a total value of $3,956,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 33,000 shares of company stock valued at $8,729,280 over the last quarter. 10.52% of the stock is currently owned by corporate insiders.

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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