TransDigm Group Inc. (TDG) Hits New 1-Year High at $276.93
TransDigm Group Inc. (NYSE:TDG) shares reached a new 52-week high 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.
Several research firms recently weighed in on TDG. Canaccord Genuity restated a “buy” rating and issued a $280.00 price target on shares of TransDigm Group in a research note on Tuesday, June 21st. Morgan Stanley began coverage on TransDigm Group in a research note on Thursday, June 23rd. They issued an “equal weight” rating and a $287.00 price target on the stock. Zacks Investment Research downgraded TransDigm Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Royal Bank Of Canada upped their price target on TransDigm Group from $253.00 to $271.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 11th. Finally, KeyCorp upgraded TransDigm Group from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, June 29th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $263.00.
The company’s 50 day moving average is $265.61 and its 200 day moving average is $236.78. The firm has a market cap of $14.72 billion and a price-to-earnings ratio of 31.98.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $2.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.58 by $0.28. The company had revenue of $796.80 million for 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 in the prior year, the firm posted $2.11 EPS. Analysts anticipate that TransDigm Group Inc. will post $11.20 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 shares were sold at an average price of $226.61, for a total transaction of $2,266,100.00. Following the completion of the sale, the executive vice president now owns 15,010 shares of the company’s stock, valued at $3,401,416.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO W Nicholas Howley sold 100,000 shares of TransDigm Group stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 126,735 shares of the company’s stock, valued at approximately $33,586,042.35. The disclosure for this sale can be found here.
Other hedge funds recently bought and sold shares of the company. GSA Capital Partners LLP increased 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 valued at $1,065,000 after buying an additional 3,064 shares in the last quarter. Andra AP fonden increased 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 valued at $1,279,000 after buying an additional 1,200 shares in the last quarter. Trexquant Investment LP bought a new stake in TransDigm Group during the fourth quarter valued at $1,280,000. US Bancorp DE increased 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 valued at $1,309,000 after buying an additional 250 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased 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 valued at $1,537,000 after buying an additional 508 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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