TransDigm Group Inc. (TDG) Sets New 12-Month High at $280.66
TransDigm Group Inc. (NYSE:TDG) shares reached a new 52-week high during trading on Friday . The stock traded as high as $280.66 and last traded at $279.88, with a volume of 117,066 shares. The stock had previously closed at $277.79.
Several research analysts recently commented on TDG shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $280.00 price objective on shares of TransDigm Group in a report on Tuesday, June 21st. KeyCorp raised shares of TransDigm Group from a “sector weight” rating to an “overweight” rating in a report on Wednesday, June 29th. Royal Bank Of Canada raised their price target on shares of TransDigm Group from $253.00 to $271.00 and gave the company an “outperform” rating in a report on Wednesday, May 11th. Zacks Investment Research raised shares of TransDigm Group from a “hold” rating to a “strong-buy” rating and set a $286.00 price target for the company in a report on Monday, May 16th. Finally, Morgan Stanley assumed coverage on shares of TransDigm Group in a report on Thursday, June 23rd. They issued an “equal weight” rating and a $287.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $263.00.
The firm has a market cap of $14.87 billion and a P/E ratio of 32.29. The company has a 50-day moving average price of $268.48 and a 200 day moving average price of $239.01.
TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 10th. The company reported $2.86 EPS for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.28. The business had revenue of $796.80 million for the quarter, compared to analysts’ expectations of $777.11 million. During the same period in the prior year, the company posted $2.11 earnings per share. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. On average, equities analysts forecast that TransDigm Group Inc. will post $11.20 earnings per share for the current year.
In other news, insider Bernt G. Iversen II sold 10,000 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $278.81, for a total value of $2,788,100.00. Following the completion of the sale, the insider now directly owns 15,010 shares of the company’s stock, valued at $4,184,938.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Gregory Rufus sold 20,900 shares of the stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $244.32, for a total transaction of $5,106,288.00. Following the completion of the sale, the vice president now directly owns 33,000 shares of the company’s stock, valued at $8,062,560. The disclosure for this sale can be found here.
Several hedge funds have recently made changes to their positions in TDG. US Bancorp DE boosted its stake in shares of 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 period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of 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 in the last quarter. Andra AP fonden raised its position in shares of 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 in the last quarter. GSA Capital Partners LLP raised its position 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 worth $1,065,000 after buying an additional 3,064 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of TransDigm Group during the fourth quarter worth $1,280,000.
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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