An issue of TransDigm Group Incorporated (NYSE:TDG) debt fell 0.6% against its face value during trading on Monday. The debt issue has a 6.375% coupon and will mature on June 15, 2026. The debt is now trading at $98.57 and was trading at $99.25 one week ago. Price moves in a company’s debt in credit markets often predict parallel moves in its stock price.

Several analysts recently commented on the stock. Canaccord Genuity upped their price target on shares of TransDigm Group from $330.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, April 30th. Morgan Stanley upped their price target on shares of TransDigm Group from $306.00 to $321.00 and gave the company an “equal weight” rating in a research report on Thursday, April 12th. Royal Bank of Canada reiterated a “buy” rating and issued a $356.00 price target on shares of TransDigm Group in a research report on Friday, April 6th. Zacks Investment Research downgraded shares of TransDigm Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Finally, Wolfe Research downgraded shares of TransDigm Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $347.64.

Shares of TransDigm Group stock opened at $352.37 on Wednesday. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 1.84 and a beta of 0.83. The company has a quick ratio of 2.09, a current ratio of 3.04 and a debt-to-equity ratio of -4.92. TransDigm Group Incorporated has a one year low of $249.57 and a one year high of $355.00.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping the Zacks’ consensus estimate of $3.51 by $0.28. The company had revenue of $933.10 million during the quarter, compared to the consensus estimate of $930.30 million. TransDigm Group had a net margin of 19.77% and a negative return on equity of 28.60%. TransDigm Group’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.03 EPS. equities research analysts forecast that TransDigm Group Incorporated will post 16.84 earnings per share for the current year.

In other TransDigm Group news, Director Raymond F. Laubenthal sold 11,900 shares of the company’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $318.24, for a total transaction of $3,787,056.00. Following the completion of the transaction, the director now owns 25,112 shares in the company, valued at approximately $7,991,642.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James Skulina sold 10,000 shares of the company’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $342.53, for a total transaction of $3,425,300.00. Following the transaction, the insider now owns 14,000 shares of the company’s stock, valued at approximately $4,795,420. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,850 shares of company stock valued at $29,926,318. 11.45% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC increased its holdings in shares of TransDigm Group by 9.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 2,130 shares of the aerospace company’s stock valued at $654,000 after purchasing an additional 180 shares in the last quarter. Flinton Capital Management LLC increased its holdings in shares of TransDigm Group by 16.2% in the 4th quarter. Flinton Capital Management LLC now owns 1,376 shares of the aerospace company’s stock valued at $378,000 after purchasing an additional 192 shares in the last quarter. Advantus Capital Management Inc increased its holdings in shares of TransDigm Group by 4.0% in the 1st quarter. Advantus Capital Management Inc now owns 5,187 shares of the aerospace company’s stock valued at $1,592,000 after purchasing an additional 200 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of TransDigm Group by 45.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 646 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 202 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its holdings in shares of TransDigm Group by 22.5% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 1,100 shares of the aerospace company’s stock valued at $338,000 after purchasing an additional 202 shares in the last quarter.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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