TransDigm Group Inc. (TDG) Reaches New 52-Week High at $273.60
Shares of TransDigm Group Inc. (NYSE:TDG) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $273.60 and last traded at $272.09, with a volume of 143,268 shares changing hands. The stock had previously closed at $271.09.
TDG has been the subject of several recent research reports. Canaccord Genuity restated a “buy” rating and issued a $280.00 price target on shares of TransDigm Group in a research note on Tuesday, June 21st. Morgan Stanley initiated coverage on TransDigm Group in a research report on Thursday, June 23rd. They set an “equal weight” rating and a $287.00 target price for the company. Zacks Investment Research downgraded TransDigm Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank Of Canada upped their target price on TransDigm Group from $253.00 to $271.00 and gave the company an “outperform” rating in a research report on Wednesday, May 11th. Finally, KeyCorp upgraded TransDigm Group from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, June 29th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. TransDigm Group has a consensus rating of “Buy” and an average target price of $263.00.
The stock has a market capitalization of $14.46 billion and a price-to-earnings ratio of 31.40. The stock has a 50-day moving average price of $262.23 and a 200 day moving average price of $233.46.
TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 10th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.58 by $0.28. The firm earned $796.80 million during the quarter, compared to analysts’ expectations of $777.11 million. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.11 earnings per share. Equities analysts forecast that TransDigm Group Inc. will post $11.22 earnings per share for the current year.
In other news, EVP John F. Leary sold 20,740 shares of the firm’s stock in a transaction 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 transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bernt G. Iversen II sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $262.55, for a total value of $2,625,500.00. Following the completion of the transaction, the executive vice president now directly owns 15,010 shares of the company’s stock, valued at $3,940,875.50. The disclosure for this sale can be found here.
Several institutional investors recently bought and sold shares of TDG. GSA Capital Partners LLP raised its position in TransDigm Group by 191.6% in the fourth quarter. GSA Capital Partners LLP now owns 4,663 shares of the company’s stock worth $1,065,000 after buying an additional 3,064 shares during the last quarter. Andra AP fonden raised its position in TransDigm Group by 27.3% in the fourth quarter. Andra AP fonden now owns 5,600 shares of the company’s stock worth $1,279,000 after buying an additional 1,200 shares during the last quarter. Trexquant Investment LP bought a new position in TransDigm Group during the fourth quarter worth approximately $1,280,000. US Bancorp DE raised its position in TransDigm Group by 4.6% in the fourth quarter. US Bancorp DE now owns 5,728 shares of the company’s stock worth $1,309,000 after buying an additional 250 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in TransDigm Group by 8.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 6,730 shares of the company’s stock worth $1,537,000 after buying an additional 508 shares during the last quarter.
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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