Jefferies Group reaffirmed their hold rating on shares of TransDigm Group (NYSE:TDG) in a report published on Monday morning. Jefferies Group currently has a $285.00 target price on the aerospace company’s stock.
TDG has been the subject of a number of other reports. Credit Suisse Group increased their price target on TransDigm Group from $294.54 to $320.00 and gave the stock an outperform rating in a report on Friday, November 10th. Robert W. Baird reiterated a buy rating and set a $300.00 price target on shares of TransDigm Group in a report on Thursday, October 12th. Wolfe Research upgraded TransDigm Group from a market perform rating to an outperform rating in a report on Friday, November 10th. SunTrust Banks restated a buy rating and issued a $307.00 target price on shares of TransDigm Group in a research note on Friday, November 10th. Finally, Royal Bank of Canada set a $346.00 target price on TransDigm Group and gave the company a buy rating in a research note on Thursday, November 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $297.17.
Shares of TransDigm Group (TDG) traded up $6.28 during trading on Monday, reaching $287.51. The company’s stock had a trading volume of 316,088 shares, compared to its average volume of 473,474. The company has a debt-to-equity ratio of -3.86, a quick ratio of 1.61 and a current ratio of 2.45. TransDigm Group has a 52-week low of $203.72 and a 52-week high of $295.00. The firm has a market cap of $14,900.00, a P/E ratio of 34.02, a P/E/G ratio of 2.31 and a beta of 0.62.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.18 by $0.30. TransDigm Group had a negative return on equity of 30.13% and a net margin of 12.44%. The firm had revenue of $923.89 million during the quarter, compared to the consensus estimate of $959.77 million. During the same period last year, the business posted $3.29 EPS. The business’s revenue was up 5.6% compared to the same quarter last year. analysts forecast that TransDigm Group will post 12.73 earnings per share for the current fiscal year.
In related news, VP Robert S. Henderson sold 15,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $263.74, for a total value of $3,956,100.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $263.78, for a total transaction of $1,582,680.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,648 shares of company stock valued at $26,439,672. 10.52% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its position 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 acquiring an additional 14 shares in the last quarter. HighTower Advisors LLC bought a new position in TransDigm Group in the 2nd quarter valued at about $201,000. Laurion Capital Management LP bought a new position in TransDigm Group in the 2nd quarter valued at about $205,000. Neville Rodie & Shaw Inc. bought a new position in TransDigm Group in the 4th quarter valued at about $205,000. Finally, Trexquant Investment LP bought a new position in TransDigm Group in the 3rd quarter valued at about $209,000.
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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