TransDigm Group Inc. (TDG) Now Covered by Robert W. Baird
Robert W. Baird assumed coverage on shares of TransDigm Group Inc. (NYSE:TDG) in a research report issued to clients and investors on Wednesday. The firm set an “outperform” rating on the stock.
Several other equities research analysts have also weighed in on the stock. Jefferies Group set a $340.00 target price on shares of TransDigm Group and gave the stock a “buy” rating in a report on Tuesday. Zacks Investment Research lowered shares of TransDigm Group from a “hold” rating to a “sell” rating in a report on Tuesday. Canaccord Genuity reaffirmed a “buy” rating and issued a $325.00 target price on shares of TransDigm Group in a report on Wednesday, September 7th. Deutsche Bank AG increased their price objective on shares of TransDigm Group from $260.00 to $300.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. Finally, Barclays PLC increased their price objective on shares of TransDigm Group from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. TransDigm Group has an average rating of “Hold” and a consensus target price of $282.90.
TransDigm Group (NYSE:TDG) traded up 0.24% during mid-day trading on Wednesday, hitting $283.80. 484,961 shares of the company were exchanged. The stock has a market cap of $15.12 billion, a P/E ratio of 30.02 and a beta of 0.72. The company has a 50 day moving average of $286.07 and a 200 day moving average of $260.41. TransDigm Group has a 12-month low of $180.76 and a 12-month high of $294.38.
TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 9th. The company reported $3.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.82 by $0.27. TransDigm Group had a net margin of 17.25% and a negative return on equity of 62.15%. The business had revenue of $797.70 million for the quarter, compared to analyst estimates of $805.23 million. During the same quarter in the prior year, the firm earned $2.26 EPS. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts expect that TransDigm Group will post $11.39 earnings per share for the current fiscal year.
In related news, insider Bernt G. Iversen II sold 10,000 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 15,010 shares in the company, valued at approximately $4,184,938.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Palmer sold 20,500 shares of the stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $281.84, for a total transaction of $5,777,720.00. Following the completion of the sale, the insider now owns 14,000 shares in the company, valued at $3,945,760. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of TransDigm Group by 99.8% in the second quarter. State Street Corp now owns 2,040,202 shares of the company’s stock worth $537,981,000 after buying an additional 1,019,026 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of TransDigm Group by 23.9% in the second quarter. Vanguard Group Inc. now owns 4,519,006 shares of the company’s stock worth $1,191,617,000 after buying an additional 873,098 shares in the last quarter. FMR LLC increased its stake in shares of TransDigm Group by 37.4% in the second quarter. FMR LLC now owns 2,076,176 shares of the company’s stock worth $547,466,000 after buying an additional 564,864 shares in the last quarter. Jana Partners LLC purchased a new stake in shares of TransDigm Group during the first quarter worth $80,610,000. Finally, Emerald Acquisition Ltd. bought a new stake in shares of TransDigm Group during the second quarter valued at approximately $87,082,000. Institutional investors and hedge funds own 87.73% of the company’s stock.
TransDigm Group Company Profile
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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