TransDigm Group Inc. (TDG) Reaches New 12-Month High at $289.96
Shares of TransDigm Group Inc. (NYSE:TDG) reached a new 52-week high during trading on Tuesday . The stock traded as high as $289.96 and last traded at $287.07, with a volume of 94,464 shares changing hands. The stock had previously closed at $289.17.
TDG has been the topic of several analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $280.00 price target on shares of TransDigm Group in a research report on Tuesday, June 21st. Morgan Stanley initiated coverage on shares of TransDigm Group in a research report on Thursday, June 23rd. They set an “equal weight” rating and a $287.00 price target on the stock. Zacks Investment Research lowered shares of TransDigm Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Deutsche Bank AG lifted their price target on shares of TransDigm Group from $260.00 to $300.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. Finally, Wolfe Research lowered shares of TransDigm Group from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $271.56.
The firm has a market capitalization of $15.24 billion and a price-to-earnings ratio of 30.25. The company has a 50-day moving average of $279.45 and a 200-day moving average of $247.60.
TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 9th. The company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.82 by $0.27. The business earned $797.70 million during the quarter, compared to analyst estimates of $805.23 million. During the same quarter in the prior year, the company earned $2.26 earnings per share. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. Analysts forecast that TransDigm Group Inc. will post $11.39 EPS for the current year.
In related news, VP Robert S. Henderson sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $265.38, for a total transaction of $4,511,460.00. Following the sale, the vice president now owns 27,000 shares in the company, valued at $7,165,260. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bernt G. Iversen II sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $278.81, for a total transaction of $2,788,100.00. Following the sale, the insider now owns 15,010 shares in the company, valued at approximately $4,184,938.10. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in TransDigm Group stock. Trexquant Investment LP bought a new position in TransDigm Group Inc. (NYSE:TDG) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm bought 5,605 shares of the company’s stock, valued at approximately $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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