TransDigm Group (TDG) Upgraded to Equal Weight by Stephens

TransDigm Group (NYSE:TDG) was upgraded by stock analysts at Stephens from an “underweight” rating to an “equal weight” rating in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has a $275.00 target price on the aerospace company’s stock. Stephens’ price target indicates a potential downside of 2.67% from the stock’s previous close.

Other research analysts have also issued reports about the company. SunTrust Banks reaffirmed a “buy” rating and set a $307.00 target price on shares of TransDigm Group in a research report on Friday, November 10th. Royal Bank of Canada set a $346.00 target price on TransDigm Group and gave the stock a “buy” rating in a research report on Thursday, November 16th. Robert W. Baird reaffirmed a “buy” rating and set a $300.00 target price on shares of TransDigm Group in a research report on Thursday, October 12th. Canaccord Genuity lowered their target price on TransDigm Group from $330.00 to $315.00 and set a “buy” rating for the company in a research report on Friday, November 10th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $285.00 target price on shares of TransDigm Group in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $309.44.

Shares of TransDigm Group (NYSE:TDG) traded down $0.45 on Thursday, hitting $282.55. The stock had a trading volume of 973,470 shares, compared to its average volume of 462,856. TransDigm Group has a one year low of $203.72 and a one year high of $321.38. The company has a market cap of $14,747.98, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.89 and a beta of 0.66. The company has a quick ratio of 1.61, a current ratio of 2.76 and a debt-to-equity ratio of -4.38.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.64 by ($0.21). The company had revenue of $847.96 million for the quarter, compared to the consensus estimate of $860.12 million. TransDigm Group had a negative return on equity of 27.70% and a net margin of 18.95%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.57 earnings per share. research analysts anticipate that TransDigm Group will post 14.92 earnings per share for the current fiscal year.

In other news, EVP Roger Jones sold 5,000 shares of TransDigm Group stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $294.50, for a total value of $1,472,500.00. Following the completion of 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 SEC, which is accessible through this hyperlink. Also, Director Michael Graff sold 1,872 shares of TransDigm Group stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $278.92, for a total value of $522,138.24. Following the completion of the transaction, the director now directly owns 9,482 shares of the company’s stock, valued at $2,644,719.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 94,548 shares of company stock valued at $25,894,245. Corporate insiders own 10.52% of the company’s stock.

Several hedge funds have recently bought and sold shares of TDG. Northwestern Mutual Wealth Management Co. raised its position in shares of TransDigm Group by 43.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519 shares of the aerospace company’s stock worth $142,000 after acquiring an additional 158 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of TransDigm Group by 540.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 538 shares of the aerospace company’s stock worth $148,000 after acquiring an additional 454 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of TransDigm Group in the 2nd quarter worth about $201,000. Neville Rodie & Shaw Inc. bought a new position in shares of TransDigm Group in the 4th quarter worth about $205,000. Finally, Alps Advisors Inc. acquired a new stake in shares of TransDigm Group in the 4th quarter valued at about $205,000.

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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.

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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