TransDigm Group Inc. (TDG) Sets New 12-Month High at $289.96
Shares of TransDigm Group Inc. (NYSE:TDG) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $289.96 and last traded at $287.07, with a volume of 94,464 shares trading hands. The stock had previously closed at $289.17.
A number of analysts have recently issued reports on TDG shares. Royal Bank Of Canada restated an “outperform” rating and set a $271.00 price objective on shares of TransDigm Group in a research report on Saturday, June 25th. KeyCorp upgraded TransDigm Group from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, June 29th. 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 objective on the stock. Canaccord Genuity restated a “buy” rating and set a $280.00 price objective on shares of TransDigm Group in a research report on Tuesday, May 24th. Finally, Zacks Investment Research upgraded TransDigm Group from a “hold” rating to a “strong-buy” rating and set a $286.00 price objective on the stock in a research report on Monday, May 16th. 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. TransDigm Group presently has a consensus rating of “Hold” and an average target price of $271.56.
The company has a 50-day moving average price of $280.41 and a 200-day moving average price of $248.54. The firm has a market cap of $15.19 billion and a P/E ratio of 30.16.
TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 9th. The company reported $3.09 earnings per share (EPS) for the quarter, beating the Zacks’ 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. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.26 earnings per share. On average, equities research analysts expect that TransDigm Group Inc. will post $11.39 EPS for the current year.
In other news, EVP John F. Leary sold 20,740 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $259.89, for a total value of $5,390,118.60. Following the completion of the sale, the executive vice president now directly owns 30,000 shares of the company’s stock, valued at $7,796,700. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $26,501,000.00. Following the transaction, the chief executive officer now owns 126,735 shares in the company, valued at approximately $33,586,042.35. The disclosure for this sale can be found here.
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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