Wolfe Research Reiterates Market Perform Rating for TransDigm Group Inc. (TDG)
Several other brokerages also recently issued reports on TDG. Canaccord Genuity restated a buy rating and set a $325.00 price objective on shares of TransDigm Group in a research report on Wednesday, September 7th. Zacks Investment Research downgraded TransDigm Group from a hold rating to a sell rating in a research report on Tuesday, October 4th. Deutsche Bank AG lifted their price objective 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 lifted their price objective 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, Robert W. Baird began coverage on TransDigm Group in a research report on Wednesday, October 5th. They set an outperform rating and a $341.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $288.18.
Shares of TransDigm Group (NYSE:TDG) opened at 277.43 on Friday. The stock has a 50 day moving average price of $285.41 and a 200-day moving average price of $262.40. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 29.34 and a beta of 0.72. TransDigm Group has a 52-week low of $180.76 and a 52-week high of $294.38.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $3.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.82 by $0.27. TransDigm Group had a negative return on equity of 62.15% and a net margin of 17.25%. The firm earned $797.70 million during the quarter, compared to the consensus estimate of $805.23 million. During the same period in the previous year, the firm posted $2.26 EPS. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts predict that TransDigm Group will post $11.39 EPS for the current fiscal year.
In other TransDigm Group news, insider Peter Palmer sold 20,500 shares of TransDigm Group stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $281.84, for a total value of $5,777,720.00. Following the completion of the sale, the insider now directly owns 14,000 shares of the company’s stock, valued at approximately $3,945,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bernt G. Iversen II sold 10,000 shares of TransDigm Group 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 completion of the sale, the insider now directly owns 15,010 shares of the company’s stock, valued at $4,184,938.10. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in TDG. British Airways Pensions Investment Management Ltd boosted its stake in shares of TransDigm Group by 34.0% in the second quarter. British Airways Pensions Investment Management Ltd now owns 91,784 shares of the company’s stock valued at $24,298,000 after buying an additional 23,270 shares in the last quarter. Allen Investment Management LLC boosted its stake in shares of TransDigm Group by 384.5% in the first quarter. Allen Investment Management LLC now owns 156,828 shares of the company’s stock valued at $34,555,000 after buying an additional 124,459 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its stake in shares of TransDigm Group by 1.9% in the second quarter. Douglass Winthrop Advisors LLC now owns 93,849 shares of the company’s stock valued at $24,747,000 after buying an additional 1,724 shares in the last quarter. Jana Partners LLC bought a new stake in shares of TransDigm Group during the first quarter valued at about $80,610,000. Finally, Strs Ohio boosted its stake in shares of TransDigm Group by 18.3% in the second quarter. Strs Ohio now owns 105,563 shares of the company’s stock valued at $27,835,000 after buying an additional 16,316 shares in the last quarter.
About TransDigm Group
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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