TransDigm Group (NYSE:TDG) had its price objective hoisted by Jefferies Financial Group from $480.00 to $550.00 in a research note released on Thursday, The Fly reports. Jefferies Financial Group currently has a hold rating on the aerospace company’s stock.
TDG has been the topic of several other research reports. Canaccord Genuity reiterated a buy rating and issued a $520.00 price target (up previously from $460.00) on shares of TransDigm Group in a report on Wednesday, May 8th. UBS Group increased their target price on TransDigm Group to $605.00 and gave the company a buy rating in a research note on Wednesday, August 7th. Barclays set a $610.00 target price on TransDigm Group and gave the company a buy rating in a research note on Friday, August 9th. Credit Suisse Group increased their target price on TransDigm Group from $539.00 to $617.00 and gave the company an outperform rating in a research note on Wednesday, August 7th. Finally, SunTrust Banks increased their target price on TransDigm Group to $560.00 and gave the company a buy rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $540.42.
TransDigm Group stock opened at $530.10 on Thursday. The business’s 50-day simple moving average is $499.56 and its 200 day simple moving average is $465.11. The stock has a market cap of $27.53 billion, a price-to-earnings ratio of 31.20, a P/E/G ratio of 2.58 and a beta of 1.06. TransDigm Group has a 12-month low of $307.36 and a 12-month high of $555.27.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $4.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.94. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.58 billion. TransDigm Group had a negative return on equity of 59.21% and a net margin of 15.26%. The firm’s quarterly revenue was up 69.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.59 earnings per share. Research analysts predict that TransDigm Group will post 16.92 earnings per share for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 16th will be given a dividend of $30.00 per share. The ex-dividend date of this dividend is Thursday, August 15th.
In other news, VP Robert S. Henderson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $467.38, for a total transaction of $4,673,800.00. Following the sale, the vice president now owns 35,000 shares of the company’s stock, valued at $16,358,300. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman W Nicholas Howley sold 17,083 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $475.09, for a total value of $8,115,962.47. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,249 shares of company stock worth $30,352,966. 11.00% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in TDG. Oppenheimer Asset Management Inc. grew its stake in TransDigm Group by 9.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 283 shares of the aerospace company’s stock valued at $129,000 after purchasing an additional 24 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in TransDigm Group by 2.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,125 shares of the aerospace company’s stock valued at $511,000 after purchasing an additional 27 shares in the last quarter. CMC Financial Group grew its stake in TransDigm Group by 0.7% in the first quarter. CMC Financial Group now owns 4,013 shares of the aerospace company’s stock valued at $1,822,000 after purchasing an additional 29 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of TransDigm Group by 65.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 73 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 29 shares during the period. Finally, Stephens Inc. AR boosted its stake in shares of TransDigm Group by 0.3% during the 1st quarter. Stephens Inc. AR now owns 10,548 shares of the aerospace company’s stock worth $4,789,000 after acquiring an additional 32 shares during the period. 98.92% of the stock is currently owned by institutional investors and hedge funds.
About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The 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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