TransDigm Group Inc. (TDG) Reaches New 12-Month High at $269.85
TransDigm Group Inc. (NYSE:TDG)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $269.85 and last traded at $269.83, with a volume of 194,654 shares traded. The stock had previously closed at $262.46.
Several equities analysts have recently issued reports on TDG shares. Zacks Investment Research lowered TransDigm Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $271.00 price target on shares of TransDigm Group in a research report on Saturday, June 25th. Canaccord Genuity reaffirmed a “buy” rating and issued a $280.00 price target on shares of TransDigm Group in a research report on Tuesday, May 24th. KeyCorp raised TransDigm Group from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, June 29th. Finally, Morgan Stanley started coverage on TransDigm Group in a research report on Thursday, June 23rd. They issued an “equal weight” rating and a $287.00 price target for the company. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. TransDigm Group has an average rating of “Buy” and a consensus price target of $263.00.
The stock’s 50-day moving average price is $259.95 and its 200 day moving average price is $232.20. The company has a market capitalization of $14.28 billion and a P/E ratio of 31.01.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.58 by $0.28. During the same period in the previous year, the business posted $2.11 earnings per share. The business earned $796.80 million during the quarter, compared to analyst estimates of $777.11 million. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. Analysts predict that TransDigm Group Inc. will post $11.22 earnings per share for the current year.
In other news, EVP Bernt G. Iversen II sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $226.61, for a total value of $2,266,100.00. Following the sale, the executive vice president now directly owns 15,010 shares of the company’s stock, valued at $3,401,416.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory Rufus sold 3,345 shares of TransDigm Group stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of $230.00, for a total value of $769,350.00. Following the completion of the sale, the vice president now directly owns 15,345 shares in the company, valued at $3,529,350. The disclosure for this sale can be found here.
Several hedge funds have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its stake in shares of TransDigm Group by 33.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 62,522 shares of the company’s stock worth $14,284,000 after buying an additional 15,617 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of TransDigm Group by 94.1% in the fourth quarter. Brown Advisory Inc. now owns 9,443 shares of the company’s stock worth $2,158,000 after buying an additional 4,578 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of TransDigm Group by 4.6% in the fourth quarter. OppenheimerFunds Inc. now owns 416,494 shares of the company’s stock worth $95,148,000 after buying an additional 18,330 shares in the last quarter. Bradley Foster & Sargent Inc. CT purchased a new stake in shares of TransDigm Group during the fourth quarter worth about $8,600,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in shares of TransDigm Group by 41.7% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 66,584 shares of the company’s stock worth $15,211,000 after buying an additional 19,600 shares in the last quarter.
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its 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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