TransDigm Group Incorporated (TDG) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of TransDigm Group Incorporated (NYSE:TDG) have received an average rating of “Buy” from the twenty brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $296.49.

Several research firms have commented on TDG. Zacks Investment Research cut shares of TransDigm Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. JPMorgan Chase & Co. cut shares of TransDigm Group from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. Credit Suisse Group increased their price objective on shares of TransDigm Group from $294.54 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Wolfe Research upgraded shares of TransDigm Group from a “market perform” rating to an “outperform” rating in a report on Friday, November 10th. Finally, Canaccord Genuity decreased their price objective on shares of TransDigm Group from $330.00 to $315.00 and set a “buy” rating for the company in a report on Friday, November 10th.

TransDigm Group (TDG) traded down $0.34 during midday trading on Friday, reaching $294.10. 315,500 shares of the company’s stock traded hands, compared to its average volume of 453,208. TransDigm Group has a 1 year low of $203.72 and a 1 year high of $296.96. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of -3.86. The company has a market cap of $15,530.00, a PE ratio of 34.80, a price-to-earnings-growth ratio of 2.48 and a beta of 0.62.

TransDigm Group (NYSE:TDG) last posted its earnings results on Thursday, November 9th. The aerospace company reported $3.48 EPS for the quarter, topping the consensus estimate of $3.18 by $0.30. TransDigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The firm had revenue of $923.89 million during the quarter, compared to analysts’ expectations of $959.77 million. During the same quarter in the prior year, the firm earned $3.29 EPS. TransDigm Group’s quarterly revenue was up 5.6% on a year-over-year basis. equities research analysts anticipate that TransDigm Group will post 12.73 earnings per share for the current year.

In related news, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $263.94, for a total transaction of $1,583,640.00. Following the completion of the sale, the director now directly owns 75,818 shares in the company, valued at $20,011,402.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Roger Jones sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $294.50, for a total transaction of $1,472,500.00. Following the sale, the executive vice president now owns 9,000 shares of the company’s stock, valued at $2,650,500. The disclosure for this sale can be found here. Insiders have sold 94,548 shares of company stock valued at $25,894,245 over the last 90 days. 10.52% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of TDG. Northwestern Mutual Wealth Management Co. lifted its position in shares of TransDigm Group by 3.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock valued at $103,000 after acquiring an additional 14 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of TransDigm Group by 4.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 173,242 shares of the aerospace company’s stock valued at $46,571,000 after acquiring an additional 7,890 shares in the last quarter. Amalgamated Bank lifted its position in shares of TransDigm Group by 50.1% in the 2nd quarter. Amalgamated Bank now owns 5,692 shares of the aerospace company’s stock valued at $1,530,000 after acquiring an additional 1,899 shares in the last quarter. Laurion Capital Management LP purchased a new stake in shares of TransDigm Group in the 2nd quarter valued at approximately $205,000. Finally, Profund Advisors LLC lifted its position in shares of TransDigm Group by 1.1% in the 2nd quarter. Profund Advisors LLC now owns 1,334 shares of the aerospace company’s stock valued at $359,000 after acquiring an additional 15 shares in the last quarter.

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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.

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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