TransDigm Group Inc. (TDG) Sets New 52-Week High at $269.85
TransDigm Group Inc. (NYSE:TDG) shares hit 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. The stock had previously closed at $262.46.
Several research analysts have recently issued reports on TDG shares. Canaccord Genuity restated a “buy” rating and issued a $280.00 price objective on shares of TransDigm Group in a research note on Tuesday, June 21st. Morgan Stanley started coverage on TransDigm Group in a research report on Thursday, June 23rd. They set an “equal weight” rating and a $287.00 price target for the company. Zacks Investment Research cut TransDigm Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 12th. Royal Bank Of Canada lifted their price target on TransDigm Group from $253.00 to $271.00 and gave the company an “outperform” rating in a research report on Wednesday, May 11th. Finally, KeyCorp upgraded TransDigm Group from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, June 29th. Six equities research 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. The company has an average rating of “Buy” and a consensus price target of $263.00.
The stock has a 50 day moving average price of $260.60 and a 200 day moving average price of $232.52. The stock has a market cap of $14.29 billion and a PE ratio of 31.05.
TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 10th. The company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.28. The firm earned $796.80 million during the quarter, compared to analyst estimates of $777.11 million. During the same period last year, the company earned $2.11 earnings per share. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. On average, equities research analysts predict that TransDigm Group Inc. will post $11.22 EPS for the current fiscal year.
In other TransDigm Group news, CEO W Nicholas Howley sold 100,000 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $265.01, for a total transaction of $26,501,000.00. Following the completion of the sale, the chief executive officer now directly owns 126,735 shares of the company’s stock, valued at approximately $33,586,042.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory Rufus sold 3,345 shares of the 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 sale, the vice president now directly owns 15,345 shares of the company’s stock, valued at $3,529,350. The disclosure for this sale can be found here.
A number of hedge funds recently bought and sold shares of the company. GSA Capital Partners LLP boosted its stake in TransDigm Group by 191.6% in the fourth quarter. GSA Capital Partners LLP now owns 4,663 shares of the company’s stock worth $1,065,000 after buying an additional 3,064 shares during the last quarter. Andra AP fonden boosted its stake in TransDigm Group by 27.3% in the fourth quarter. Andra AP fonden now owns 5,600 shares of the company’s stock worth $1,279,000 after buying an additional 1,200 shares during the last quarter. Trexquant Investment LP bought a new stake in TransDigm Group during the fourth quarter worth $1,280,000. US Bancorp DE boosted its stake in TransDigm Group by 4.6% in the fourth quarter. US Bancorp DE now owns 5,728 shares of the company’s stock worth $1,309,000 after buying an additional 250 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in TransDigm Group by 8.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 6,730 shares of the company’s stock worth $1,537,000 after buying an additional 508 shares during 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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