Wolfe Research upgraded shares of Transdigm Group Incorporated (NYSE:TDG) from a market perform rating to an outperform rating in a research note issued to investors on Friday morning, The Fly reports.
A number of other analysts have also issued reports on the stock. Canaccord Genuity lowered their target price on shares of Transdigm Group from $330.00 to $315.00 and set a buy rating for the company in a research note on Friday. Cowen and Company reissued a hold rating and set a $290.00 target price on shares of Transdigm Group in a research note on Thursday, October 19th. Robert W. Baird restated a buy rating and issued a $300.00 price objective on shares of Transdigm Group in a report on Thursday, October 12th. Zacks Investment Research downgraded Transdigm Group from a hold rating to a sell rating in a report on Wednesday, October 11th. Finally, SunTrust Banks, Inc. restated a buy rating and issued a $300.00 price objective on shares of Transdigm Group in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $295.11.
Shares of Transdigm Group (NYSE TDG) opened at $262.00 on Friday. The stock has a market cap of $13,890.36, a price-to-earnings ratio of 22.42, a PEG ratio of 2.21 and a beta of 0.50. Transdigm Group has a one year low of $203.72 and a one year high of $295.00. The company has a debt-to-equity ratio of -3.86, a quick ratio of 1.51 and a current ratio of 2.36.
Transdigm Group (NYSE:TDG) last issued its earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.18 by $0.30. The firm had revenue of $923.89 million during the quarter, compared to analyst estimates of $959.77 million. Transdigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.29 earnings per share. sell-side analysts predict that Transdigm Group will post 12.76 EPS for the current fiscal year.
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In other news, VP Robert S. Henderson sold 15,000 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $263.74, for a total transaction of $3,956,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $254.19, for a total transaction of $1,525,140.00. Following the transaction, the director now owns 75,701 shares in the company, valued at approximately $19,242,437.19. The disclosure for this sale can be found here. Insiders sold 27,000 shares of company stock valued at $7,063,920 over the last quarter. 10.52% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Transdigm Group by 3.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock valued at $103,000 after acquiring an additional 14 shares in the last quarter. Korea Investment CORP increased its holdings in shares of Transdigm Group by 142.6% during the second quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after acquiring an additional 291 shares in the last quarter. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Transdigm Group during the second quarter valued at about $538,000. HighTower Advisors LLC acquired a new position in shares of Transdigm Group during the second quarter valued at about $201,000. Finally, Laurion Capital Management LP acquired a new position in shares of Transdigm Group during the second quarter valued at about $205,000.
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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