TransDigm Group (NYSE:TDG) had its price target hoisted by Bank of America from $305.00 to $350.00 in a research report report published on Thursday morning. Bank of America currently has a buy rating on the aerospace company’s stock.

Other equities research analysts also recently issued research reports about the company. SunTrust Banks reissued a buy rating and set a $307.00 target price on shares of TransDigm Group in a report on Friday, November 10th. Royal Bank of Canada set a $346.00 target price on TransDigm Group and gave the stock a buy rating in a report on Thursday, November 16th. Robert W. Baird reissued a buy rating and set a $300.00 target price on shares of TransDigm Group in a report on Thursday, October 12th. Canaccord Genuity dropped their target price on TransDigm Group from $330.00 to $315.00 and set a buy rating for the company in a report on Friday, November 10th. Finally, Stephens raised TransDigm Group from an underweight rating to an equal weight rating and set a $275.00 target price for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $309.44.

Shares of TransDigm Group (NYSE TDG) opened at $282.55 on Thursday. TransDigm Group has a twelve month low of $203.72 and a twelve month high of $321.38. The company has a current ratio of 2.76, a quick ratio of 1.61 and a debt-to-equity ratio of -4.38. The firm has a market capitalization of $14,747.98, a price-to-earnings ratio of 23.24, a PEG ratio of 1.89 and a beta of 0.66.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.64 by ($0.21). TransDigm Group had a negative return on equity of 27.70% and a net margin of 18.95%. The firm had revenue of $847.96 million for the quarter, compared to analyst estimates of $860.12 million. During the same period in the prior year, the business posted $2.57 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. research analysts forecast that TransDigm Group will post 14.92 EPS for the current fiscal year.

In related news, Director Raymond F. Laubenthal sold 11,900 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $295.87, for a total value of $3,520,853.00. Following the completion of the transaction, the director now owns 81,718 shares of the company’s stock, valued at $24,177,904.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Roger Jones sold 5,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $294.50, for a total value of $1,472,500.00. Following the transaction, the executive vice president now directly owns 9,000 shares of the company’s stock, valued at approximately $2,650,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,548 shares of company stock valued at $25,894,245. 10.52% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alexandria Capital LLC acquired a new position in TransDigm Group during the fourth quarter worth about $559,000. Vantage Financial Partners Ltd. Inc. raised its stake in TransDigm Group by 65.0% during the fourth quarter. Vantage Financial Partners Ltd. Inc. now owns 3,300 shares of the aerospace company’s stock worth $901,000 after acquiring an additional 1,300 shares in the last quarter. Norinchukin Bank The raised its stake in TransDigm Group by 7.5% during the fourth quarter. Norinchukin Bank The now owns 3,864 shares of the aerospace company’s stock worth $1,061,000 after acquiring an additional 271 shares in the last quarter. American International Group Inc. raised its stake in TransDigm Group by 8.0% during the fourth quarter. American International Group Inc. now owns 20,202 shares of the aerospace company’s stock worth $5,548,000 after acquiring an additional 1,493 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in TransDigm Group during the fourth quarter worth about $320,000.

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TransDigm Group Company Profile

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The 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.

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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