TransDigm Group Inc. (TDG) Hits New 52-Week High at $290.85
TransDigm Group Inc. (NYSE:TDG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $290.85 and last traded at $288.36, with a volume of 229,600 shares trading hands. The stock had previously closed at $287.41.
A number of equities research analysts recently issued reports on the company. Canaccord Genuity upped their target price on TransDigm Group from $260.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 1st. Barclays PLC upped their target price on TransDigm Group from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Wednesday, August 10th. Zacks Investment Research raised TransDigm Group from a “hold” rating to a “strong-buy” rating and set a $286.00 target price on the stock in a research note on Monday, May 16th. 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 note on Wednesday, May 11th. Finally, Wolfe Research lowered TransDigm Group from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $271.56.
The company has a 50 day moving average price of $281.30 and a 200-day moving average price of $249.10. The stock has a market capitalization of $15.36 billion and a price-to-earnings ratio of 30.50.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings results 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. During the same quarter last year, the firm posted $2.26 EPS. The business earned $797.70 million during the quarter, compared to analyst estimates of $805.23 million. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. Analysts predict that TransDigm Group Inc. will post $11.39 earnings per share for the current year.
In other TransDigm Group news, insider Roger Jones sold 7,500 shares of TransDigm Group stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $285.92, for a total value of $2,144,400.00. Following the transaction, the insider now owns 11,500 shares in the company, valued at $3,288,080. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO W Nicholas Howley sold 100,000 shares of TransDigm Group stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $265.01, for a total transaction of $26,501,000.00. Following the completion of 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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