TransDigm Group Inc. (NYSE:TDG)‘s stock had its “market perform” rating reissued by equities researchers at Wolfe Research in a research note issued on Friday.

Several other brokerages also recently commented on TDG. Canaccord Genuity restated a “buy” rating and issued a $280.00 target price on shares of TransDigm Group in a research note on Tuesday, June 21st. KeyCorp raised shares of TransDigm Group from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, June 29th. Barclays PLC raised their price target on shares of TransDigm Group from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Wednesday, August 10th. Jefferies Group began coverage on shares of TransDigm Group in a research report on Thursday, September 22nd. They issued a “buy” rating and a $340.00 price target on the stock. Finally, Zacks Investment Research cut shares of TransDigm Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. TransDigm Group currently has a consensus rating of “Hold” and an average target price of $288.18.

Analyst Recommendations for TransDigm Group (NYSE:TDG)

TransDigm Group (NYSE:TDG) opened at 280.90 on Friday. TransDigm Group has a 12 month low of $180.76 and a 12 month high of $294.38. The firm’s 50-day moving average price is $286.00 and its 200-day moving average price is $261.16. The firm 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 issued its earnings results on Tuesday, August 9th. The company reported $3.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.82 by $0.27. The company earned $797.70 million during 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 firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the business posted $2.26 EPS. On average, equities research analysts expect that TransDigm Group will post $11.39 EPS for the current fiscal year.

In related news, insider Peter Palmer sold 20,500 shares of TransDigm Group stock in a transaction that occurred on 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 transaction, the insider now directly owns 14,000 shares in the company, valued at approximately $3,945,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Roger Jones sold 7,500 shares of TransDigm Group stock in a transaction that occurred on Thursday, September 1st. The shares were 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 of the company’s stock, valued at $3,288,080. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDG. Fifth Third Bancorp raised its position in TransDigm Group by 2.1% in the second quarter. Fifth Third Bancorp now owns 578 shares of the company’s stock worth $152,000 after buying an additional 12 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in TransDigm Group by 1.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 1,351 shares of the company’s stock worth $321,000 after buying an additional 24 shares in the last quarter. Brown Advisory Securities LLC raised its position in TransDigm Group by 1.3% in the second quarter. Brown Advisory Securities LLC now owns 2,131 shares of the company’s stock worth $562,000 after buying an additional 27 shares in the last quarter. Wetherby Asset Management Inc. raised its position in TransDigm Group by 0.8% in the second quarter. Wetherby Asset Management Inc. now owns 4,471 shares of the company’s stock worth $1,179,000 after buying an additional 37 shares in the last quarter. Finally, Evercore Wealth Management LLC raised its position in TransDigm Group by 3.4% in the second quarter. Evercore Wealth Management LLC now owns 1,231 shares of the company’s stock worth $324,000 after buying an additional 41 shares in the last quarter. 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.

5 Day Chart for NYSE:TDG

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