Brokerages Set TransDigm Group Inc. (NYSE:TDG) PT at $294.78
Shares of TransDigm Group Inc. (NYSE:TDG) have earned an average rating of “Hold” from the fifteen research firms that are currently covering the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $294.78.
TDG has been the subject of a number of recent analyst reports. Jefferies Group set a $340.00 price target on shares of TransDigm Group and gave the stock a “buy” rating in a research report on Tuesday, October 4th. Zacks Investment Research lowered shares of TransDigm Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $271.00 target price on shares of TransDigm Group in a research note on Saturday, June 25th. Morgan Stanley assumed coverage on shares of TransDigm Group in a research note on Thursday, June 23rd. They set an “equal weight” rating and a $287.00 target price for the company. Finally, KeyCorp upgraded shares of TransDigm Group from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, June 29th.
In other TransDigm Group news, insider Peter Palmer sold 20,500 shares of the company’s 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 completion of the sale, the insider now directly owns 14,000 shares of the company’s stock, valued at approximately $3,945,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bernt G. Iversen II sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $287.16, for a total transaction of $2,871,600.00. Following the completion of the sale, the insider now directly owns 15,010 shares of the company’s stock, valued at $4,310,271.60. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Aperio Group LLC increased its stake in shares of TransDigm Group by 6.0% in the first quarter. Aperio Group LLC now owns 21,557 shares of the company’s stock worth $4,750,000 after buying an additional 1,227 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of TransDigm Group during the first quarter worth $397,000. Prudential Financial Inc. increased its stake in shares of TransDigm Group by 6.4% in the first quarter. Prudential Financial Inc. now owns 3,473 shares of the company’s stock worth $765,000 after buying an additional 210 shares during the last quarter. BlackRock Inc. increased its stake in shares of TransDigm Group by 78.5% in the first quarter. BlackRock Inc. now owns 81,315 shares of the company’s stock worth $17,916,000 after buying an additional 35,748 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in shares of TransDigm Group by 9.9% in the first quarter. BlackRock Group LTD now owns 331,393 shares of the company’s stock worth $73,020,000 after buying an additional 29,890 shares during the last quarter. 87.73% of the stock is owned by institutional investors.
TransDigm Group (NYSE:TDG) opened at 280.90 on Friday. The stock has a 50 day moving average of $286.00 and a 200-day moving average of $261.16. TransDigm Group has a one year low of $180.76 and a one year high of $294.38. The stock has a market cap of $14.96 billion, a P/E ratio of 29.71 and a beta of 0.72.
TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 9th. The company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.27. TransDigm Group had a net margin of 17.25% and a negative return on equity of 62.15%. The business earned $797.70 million during the quarter, compared to the consensus estimate of $805.23 million. During the same quarter last year, the company earned $2.26 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. Analysts anticipate that TransDigm Group will post $11.39 EPS for the current year.
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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