TransDigm Group Inc. (TDG) Given a $340.00 Price Target by Jefferies Group Analysts
Several other analysts have also weighed in on the company. Zacks Investment Research lowered TransDigm Group from a hold rating to a sell rating in a report on Tuesday, October 4th. Canaccord Genuity reaffirmed a buy rating and set a $325.00 target price on shares of TransDigm Group in a research report on Wednesday, September 7th. Deutsche Bank AG boosted their target price on TransDigm Group from $260.00 to $300.00 and gave the stock a hold rating in a research report on Wednesday, August 10th. Barclays PLC boosted their target price on TransDigm Group from $300.00 to $310.00 and gave the stock an overweight rating in a research report on Wednesday, August 10th. Finally, Wolfe Research lowered TransDigm Group from an outperform rating to a market perform rating in a research report on Friday, July 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $288.18.
TransDigm Group (NYSE:TDG) opened at 280.90 on Tuesday. The stock has a 50 day moving average price of $286.00 and a 200 day moving average price of $261.16. The firm has a market capitalization of $14.96 billion, a price-to-earnings ratio of 29.71 and a beta of 0.72. TransDigm Group has a 1-year low of $180.76 and a 1-year high of $294.38.
TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $3.09 earnings per share for the quarter, beating the Thomson Reuters’ 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. TransDigm Group had a negative return on equity of 62.15% and a net margin of 17.25%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.26 earnings per share. Analysts predict that TransDigm Group will post $11.39 EPS for the current year.
In other news, insider Peter Palmer sold 20,500 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was 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 approximately $3,945,760. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Bernt G. Iversen II sold 10,000 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $278.81, for a total value of $2,788,100.00. Following the sale, the insider now owns 15,010 shares of the company’s stock, valued at approximately $4,184,938.10. The disclosure for this sale can be found here. 9.30% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its stake in TransDigm Group by 2.1% in the second quarter. Fifth Third Bancorp now owns 578 shares of the company’s stock valued at $152,000 after buying an additional 12 shares during the period. Advisory Services Network LLC increased its stake in TransDigm Group by 341.5% in the second quarter. Advisory Services Network LLC now owns 702 shares of the company’s stock valued at $185,000 after buying an additional 543 shares during the period. Seven Eight Capital LLC bought a new stake in TransDigm Group during the first quarter valued at about $195,000. Tower Research Capital LLC TRC bought a new stake in TransDigm Group during the second quarter valued at about $196,000. Finally, Global X Management Co. LLC increased its stake in TransDigm Group by 75.1% in the second quarter. Global X Management Co. LLC now owns 795 shares of the company’s stock valued at $210,000 after buying an additional 341 shares during the period. Institutional investors 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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