TransDigm Group Inc. (TDG) Hits New 12-Month High at $276.93
Shares of TransDigm Group Inc. (NYSE:TDG) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $276.93 and last traded at $276.51, with a volume of 99,634 shares traded. The stock had previously closed at $273.86.
TDG has been the topic of a number of analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $280.00 target price on shares of TransDigm Group in a research report on Tuesday, June 21st. Morgan Stanley initiated coverage on TransDigm Group in a research report on Thursday, June 23rd. They set an “equal weight” rating and a $287.00 target price on the stock. Zacks Investment Research lowered TransDigm Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Royal Bank Of Canada lifted their target price on TransDigm Group from $253.00 to $271.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 11th. Finally, KeyCorp raised TransDigm Group from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, June 29th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $263.00.
The stock’s 50-day moving average is $264.94 and its 200-day moving average is $236.07. The company has a market cap of $14.69 billion and a P/E ratio of 31.91.
TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $2.86 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 the consensus estimate of $777.11 million. The business’s revenue was up 28.7% on a year-over-year basis. During the same period last year, the business earned $2.11 EPS. Equities analysts forecast that TransDigm Group Inc. will post $11.20 EPS for the current fiscal year.
In related news, CEO W Nicholas Howley sold 100,000 shares of TransDigm Group stock in a transaction dated Wednesday, June 8th. The shares were 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 owns 126,735 shares of the company’s stock, valued at approximately $33,586,042.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bernt G. Iversen II sold 10,000 shares of TransDigm Group stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $262.55, for a total transaction of $2,625,500.00. Following the sale, the executive vice president now directly owns 15,010 shares of the company’s stock, valued at approximately $3,940,875.50. The disclosure for this sale can be found here.
Other hedge funds recently made changes to their positions in the company. New York State Common Retirement Fund increased its stake in shares of TransDigm Group by 1.5% in the fourth quarter. New York State Common Retirement Fund now owns 124,000 shares of the company’s stock valued at $28,328,000 after buying an additional 1,800 shares during the last quarter. Brown Advisory Inc. increased 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 valued at $2,158,000 after buying an additional 4,578 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of TransDigm Group by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 3,546,621 shares of the company’s stock valued at $810,227,000 after buying an additional 115,687 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of TransDigm Group by 191.6% in the fourth quarter. GSA Capital Partners LLP now owns 4,663 shares of the company’s stock valued at $1,065,000 after buying an additional 3,064 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of TransDigm Group by 3.4% in the fourth quarter. Gulf International Bank UK Ltd now owns 15,909 shares of the company’s stock valued at $3,634,000 after buying an additional 520 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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