TransDigm Group (NYSE:TDG) had its price objective increased by equities researchers at Jefferies Group from $283.00 to $322.00 in a note issued to investors on Thursday, August 3rd. The brokerage presently has a “buy” rating on the aerospace company’s stock. Jefferies Group’s price target suggests a potential upside of 4.13% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. Canaccord Genuity reaffirmed a “buy” rating and set a $300.00 price target on shares of TransDigm Group in a research report on Thursday, May 25th. BidaskClub downgraded TransDigm Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. 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, May 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $281.00 price target (up from $245.00) on shares of TransDigm Group in a research report on Thursday, July 13th. Finally, Wolfe Research downgraded TransDigm Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $324.57.
Shares of NYSE TDG traded up $1.03 during mid-day trading on Thursday, hitting $309.22. The stock had a trading volume of 378,446 shares, compared to its average volume of 516,044. The company has a market cap of $16,010.70, a price-to-earnings ratio of 25.75, a PEG ratio of 1.57 and a beta of 0.78. The company has a debt-to-equity ratio of -4.38, a current ratio of 2.76 and a quick ratio of 1.86. TransDigm Group has a twelve month low of $229.59 and a twelve month high of $321.38.
In other news, insider Alex Feil sold 5,444 shares of the stock in a transaction dated 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 approximately $1,528,947.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jorge Valladares sold 3,250 shares of the stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of $306.83, for a total transaction of $997,197.50. Following the sale, the executive vice president now directly owns 12,250 shares in the company, valued at $3,758,667.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,894 shares of company stock worth $23,413,109. 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. lifted its stake in 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 buying an additional 14 shares in the last quarter. Korea Investment CORP lifted its stake in TransDigm Group by 142.6% in the 2nd quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after buying an additional 291 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in 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 valued at $148,000 after buying an additional 454 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in TransDigm Group by 45.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 646 shares of the aerospace company’s stock valued at $177,000 after buying an additional 202 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. purchased a new position in TransDigm Group in the 2nd quarter valued at about $200,000.
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About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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