TransDigm Group (NYSE:TDG) Lowered to C at TheStreet

TheStreet cut shares of TransDigm Group (NYSE:TDG) from a b- rating to a c rating in a report published on Monday, TheStreetRatingsTable reports.

Several other research firms have also weighed in on TDG. The Goldman Sachs Group assumed coverage on TransDigm Group in a research note on Friday, September 10th. They issued a buy rating and a $732.00 price objective on the stock. Truist lifted their price objective on TransDigm Group from $590.00 to $600.00 and gave the company a hold rating in a research note on Wednesday, August 11th. Jefferies Financial Group reissued a buy rating and set a $750.00 price target on shares of TransDigm Group in a research report on Wednesday, September 8th. Wells Fargo & Company assumed coverage on TransDigm Group in a research report on Tuesday, May 18th. They set an overweight rating and a $718.00 price target on the stock. Finally, Credit Suisse Group boosted their price target on TransDigm Group from $660.00 to $712.00 and gave the stock an outperform rating in a research report on Friday, August 6th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of $680.38.

Shares of NYSE:TDG opened at $614.00 on Monday. The stock’s 50-day moving average price is $621.81 and its two-hundred day moving average price is $621.04. TransDigm Group has a 12-month low of $453.76 and a 12-month high of $688.03. The firm has a market cap of $33.84 billion, a price-to-earnings ratio of 74.61, a PEG ratio of 4.41 and a beta of 1.61.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 10th. The aerospace company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.36. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. TransDigm Group had a negative return on equity of 16.90% and a net margin of 11.78%. The company’s revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.54 EPS. On average, equities analysts predict that TransDigm Group will post 9.98 earnings per share for the current year.

In other news, CFO Michael Lisman purchased 850 shares of the stock in a transaction dated Tuesday, September 7th. The stock was acquired at an average cost of $591.19 per share, for a total transaction of $502,511.50. Following the acquisition, the chief financial officer now owns 2,059 shares of the company’s stock, valued at $1,217,260.21. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Chairman W Nicholas Howley sold 11,500 shares of the business’s stock in a transaction that occurred on Thursday, July 15th. The shares were sold at an average price of $639.34, for a total value of $7,352,410.00. The disclosure for this sale can be found here. Insiders sold a total of 43,000 shares of company stock valued at $27,256,835 over the last quarter. Company insiders own 9.13% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC boosted its position in TransDigm Group by 3.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 288,859 shares of the aerospace company’s stock worth $186,975,000 after acquiring an additional 8,734 shares during the period. Sawtooth Solutions LLC acquired a new position in TransDigm Group during the 2nd quarter worth $249,000. B. Metzler seel. Sohn & Co. Holding AG boosted its position in TransDigm Group by 0.4% during the 2nd quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 18,881 shares of the aerospace company’s stock worth $12,221,000 after acquiring an additional 67 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in TransDigm Group during the 2nd quarter worth $631,000. Finally, Morgan Stanley boosted its position in TransDigm Group by 171.0% during the 2nd quarter. Morgan Stanley now owns 224,775 shares of the aerospace company’s stock worth $145,497,000 after acquiring an additional 141,817 shares during the period. Institutional investors and hedge funds own 96.22% of the company’s stock.

About TransDigm Group

TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe and Non-Aviation. The Power and 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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Analyst Recommendations for TransDigm Group (NYSE:TDG)

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