TransDigm Group Inc. (TDG) Coverage Initiated at Robert W. Baird
Robert W. Baird initiated coverage on shares of TransDigm Group Inc. (NYSE:TDG) in a research note issued on Wednesday. The firm set an “outperform” rating and a $341.00 price target on the stock. Robert W. Baird’s price objective would indicate a potential upside of 19.44% from the stock’s previous close.
Several other brokerages also recently commented on TDG. Canaccord Genuity reaffirmed a “buy” rating and set a $325.00 target price on shares of TransDigm Group in a report on Wednesday, September 7th. Zacks Investment Research downgraded TransDigm Group from a “hold” rating to a “sell” rating in a report on Tuesday. Deutsche Bank AG lifted their target price on TransDigm Group from $260.00 to $300.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. Barclays PLC lifted their target price on TransDigm Group from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, August 10th. Finally, Jefferies Group set a $340.00 target price on TransDigm Group and gave the stock a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $288.18.
TransDigm Group (NYSE:TDG) opened at 285.50 on Wednesday. TransDigm Group has a 52-week low of $180.76 and a 52-week high of $294.38. The firm has a market capitalization of $15.21 billion, a PE ratio of 30.20 and a beta of 0.72. The stock’s 50 day moving average price is $286.12 and its 200 day moving average price is $260.75.
TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 9th. The company reported $3.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.82 by $0.27. The firm had revenue of $797.70 million for the quarter, compared to the consensus estimate of $805.23 million. TransDigm Group had a negative return on equity of 62.15% and a net margin of 17.25%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.26 EPS. On average, analysts predict that TransDigm Group will post $11.39 EPS for the current fiscal year.
In other TransDigm Group news, insider Roger Jones sold 7,500 shares of TransDigm Group stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $285.92, for a total transaction of $2,144,400.00. Following the completion of the transaction, the insider now owns 11,500 shares in the company, valued at approximately $3,288,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter Palmer sold 20,500 shares of TransDigm Group stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $281.84, for a total value of $5,777,720.00. Following the transaction, the insider now owns 14,000 shares of the company’s stock, valued at approximately $3,945,760. The disclosure for this sale can be found here. Company insiders own 9.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Aviva PLC increased its position in TransDigm Group by 8.7% in the first quarter. Aviva PLC now owns 36,970 shares of the company’s stock worth $8,146,000 after buying an additional 2,967 shares during the period. Picton Mahoney Asset Management bought a new position in TransDigm Group during the first quarter worth about $507,000. M&T Bank Corp increased its position in TransDigm Group by 6.6% in the first quarter. M&T Bank Corp now owns 14,025 shares of the company’s stock worth $3,091,000 after buying an additional 865 shares during the period. TimesSquare Capital Management LLC increased its position in TransDigm Group by 21.1% in the first quarter. TimesSquare Capital Management LLC now owns 345,300 shares of the company’s stock worth $76,083,000 after buying an additional 60,200 shares during the period. Finally, East Coast Asset Management LLC. increased its position in TransDigm Group by 6.0% in the first quarter. East Coast Asset Management LLC. now owns 21,029 shares of the company’s stock worth $4,634,000 after buying an additional 1,187 shares during the period. Institutional investors and hedge funds own 87.73% of the company’s stock.
About TransDigm Group
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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