TransDigm Group (TDG) Cut to Hold at ValuEngine

TransDigm Group (NYSE:TDG) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other research firms also recently commented on TDG. Wolfe Research downgraded TransDigm Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Canaccord Genuity raised their target price on TransDigm Group from $330.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, April 30th. Zacks Investment Research upgraded TransDigm Group from a “hold” rating to a “buy” rating and set a $359.00 target price for the company in a research report on Monday, May 7th. Cowen reiterated a “hold” rating on shares of TransDigm Group in a research report on Tuesday, May 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $356.00 price objective on shares of TransDigm Group in a research report on Friday, April 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $331.00.

Shares of TransDigm Group stock remained flat at $$323.52 during midday trading on Thursday. The company had a trading volume of 2,087 shares, compared to its average volume of 487,927. The company has a debt-to-equity ratio of -4.92, a current ratio of 3.04 and a quick ratio of 2.09. The company has a market cap of $17.06 billion, a P/E ratio of 25.74, a PEG ratio of 1.66 and a beta of 0.79. TransDigm Group has a 1-year low of $323.47 and a 1-year high of $325.08.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.51 by $0.28. The business had revenue of $933.10 million during the quarter, compared to the consensus estimate of $930.30 million. TransDigm Group had a negative return on equity of 28.60% and a net margin of 19.77%. TransDigm Group’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $3.03 EPS. sell-side analysts anticipate that TransDigm Group will post 17.17 EPS for the current year.

In other news, insider Roger Jones sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $299.15, for a total transaction of $1,495,750.00. Following the completion of the sale, the insider now owns 9,000 shares in the company, valued at $2,692,350. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO W Nicholas Howley sold 9,500 shares of the business’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $295.00, for a total value of $2,802,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,600 shares of company stock valued at $32,520,270. Corporate insiders own 10.52% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of TransDigm Group by 43.8% during the fourth 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 during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of TransDigm Group by 540.5% during the fourth 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 during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of TransDigm Group by 45.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 646 shares of the aerospace company’s stock worth $177,000 after acquiring an additional 202 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of TransDigm Group during the fourth quarter worth $205,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of TransDigm Group during the first quarter worth $246,000.

TransDigm Group Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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