TransDigm Group (TDG) Stock Rating Reaffirmed by SunTrust Banks

TransDigm Group (NYSE:TDG)‘s stock had its “buy” rating reiterated by research analysts at SunTrust Banks in a note issued to investors on Friday.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada set a $346.00 price objective on TransDigm Group and gave the stock a “buy” rating in a report on Thursday, November 16th. Robert W. Baird reiterated a “buy” rating and issued a $300.00 price objective on shares of TransDigm Group in a report on Thursday, October 12th. Canaccord Genuity lowered their price objective on TransDigm Group from $330.00 to $315.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Jefferies Group reiterated a “hold” rating and issued a $285.00 price objective on shares of TransDigm Group in a report on Monday, January 8th. Finally, Cowen reiterated a “hold” rating and issued a $290.00 price objective on shares of TransDigm Group in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. TransDigm Group currently has an average rating of “Buy” and a consensus target price of $297.17.

TransDigm Group (NYSE:TDG) traded up $5.07 during mid-day trading on Friday, reaching $299.17. The company had a trading volume of 366,018 shares, compared to its average volume of 391,349. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of -3.86. TransDigm Group has a 12 month low of $203.72 and a 12 month high of $299.66. The firm has a market cap of $15,540.00, a PE ratio of 35.40, a price-to-earnings-growth ratio of 2.48 and a beta of 0.62.

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

In other TransDigm Group news, EVP Roger Jones sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $294.50, for a total value of $1,472,500.00. Following the transaction, the executive vice president now directly owns 9,000 shares of the company’s stock, valued at approximately $2,650,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond F. Laubenthal sold 11,900 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $295.87, for a total transaction of $3,520,853.00. Following the completion of the transaction, the director now directly owns 81,718 shares in the company, valued at $24,177,904.66. The disclosure for this sale can be found here. Insiders sold a total of 94,548 shares of company stock worth $25,894,245 over the last three months. Corporate insiders own 10.52% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of TransDigm Group by 3.7% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 499 shares of the aerospace company’s stock valued at $126,000 after buying an additional 18 shares during the period. APG Asset Management N.V. raised its position in shares of TransDigm Group by 0.8% during the 3rd quarter. APG Asset Management N.V. now owns 223,329 shares of the aerospace company’s stock valued at $57,094,000 after buying an additional 1,700 shares during the period. British Airways Pensions Investment Management Ltd raised its position in shares of TransDigm Group by 34.0% during the 2nd quarter. British Airways Pensions Investment Management Ltd now owns 91,784 shares of the aerospace company’s stock valued at $24,298,000 after buying an additional 23,270 shares during the period. Hikari Power Ltd raised its position in shares of TransDigm Group by 37.0% during the 3rd quarter. Hikari Power Ltd now owns 3,700 shares of the aerospace company’s stock valued at $1,070,000 after buying an additional 1,000 shares during the period. Finally, Addison Capital Co raised its position in shares of TransDigm Group by 6.4% during the 4th quarter. Addison Capital Co now owns 3,369 shares of the aerospace company’s stock valued at $770,000 after buying an additional 203 shares during the period.

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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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