TransDigm Group Incorporated (NYSE:TDG) has been given a consensus recommendation of “Buy” by the twenty-one research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $310.11.
TDG has been the topic of a number of research reports. Bank of America raised their target price on shares of TransDigm Group from $305.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. SunTrust Banks reissued a “buy” rating on shares of TransDigm Group in a research note on Friday, January 19th. Jefferies Group reissued a “hold” rating and issued a $285.00 target price on shares of TransDigm Group in a research note on Monday, January 8th. Credit Suisse Group reissued an “outperform” rating and issued a $337.00 target price (up previously from $320.00) on shares of TransDigm Group in a research note on Wednesday, February 7th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $330.00 target price on shares of TransDigm Group in a research note on Friday, February 2nd.
TransDigm Group (TDG) traded down $0.21 during trading hours on Tuesday, reaching $285.99. 168,148 shares of the company’s stock were exchanged, compared to its average volume of 488,435. The company has a debt-to-equity ratio of -4.38, a quick ratio of 1.86 and a current ratio of 2.76. The stock has a market capitalization of $14,748.07, a P/E ratio of 23.39, a P/E/G ratio of 1.62 and a beta of 0.66. TransDigm Group has a 12 month low of $203.72 and a 12 month high of $321.38.
In related news, CEO W Nicholas Howley sold 63,776 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $268.60, for a total transaction of $17,130,233.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alex Feil sold 5,444 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $280.85, for a total transaction of $1,528,947.40. Following the sale, the insider now directly owns 5,444 shares of the company’s stock, valued at $1,528,947.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,992 shares of company stock valued at $27,423,192. Company insiders own 11.45% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in TransDigm Group by 43.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519 shares of the aerospace company’s stock valued at $142,000 after purchasing an additional 158 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in TransDigm Group by 540.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 538 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 454 shares in the last quarter. HighTower Advisors LLC acquired a new position in TransDigm Group during the 2nd quarter worth $201,000. Neville Rodie & Shaw Inc. acquired a new position in TransDigm Group during the 4th quarter worth $205,000. Finally, Alps Advisors Inc. acquired a new position in TransDigm Group during the 4th quarter worth $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.
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