TransDigm Group Inc. (TDG) Stock Rating Upgraded by Deutsche Bank AG
TransDigm Group Inc. (NYSE:TDG) was upgraded by research analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a research note issued on Tuesday.
TDG has been the subject of a number of other reports. Jefferies Group set a $340.00 price objective on shares of TransDigm Group and gave the stock a “buy” rating in a report on Tuesday, October 4th. Vertical Research assumed coverage on shares of TransDigm Group in a report on Friday, October 28th. They issued a “buy” rating for the company. Zacks Investment Research lowered shares of TransDigm Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Wolfe Research restated a “market perform” rating on shares of TransDigm Group in a report on Friday, October 7th. Finally, Vertical Group restated a “sell” rating and issued a $22.00 price objective on shares of TransDigm Group in a report on Monday, October 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. TransDigm Group currently has an average rating of “Hold” and a consensus target price of $266.00.
TransDigm Group (NYSE:TDG) opened at 252.94 on Tuesday. The company’s 50-day moving average is $276.85 and its 200 day moving average is $269.51. TransDigm Group has a 52 week low of $180.76 and a 52 week high of $294.38. The company has a market capitalization of $13.47 billion, a price-to-earnings ratio of 26.75 and a beta of 0.61.
TransDigm Group (NYSE:TDG) last announced its earnings results on Monday, November 14th. The company reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.09. TransDigm Group had a net margin of 17.25% and a negative return on equity of 62.15%. The business earned $875.20 million during the quarter, compared to analyst estimates of $884.26 million. During the same period in the previous year, the business posted $2.83 earnings per share. TransDigm Group’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts forecast that TransDigm Group will post $11.41 EPS for the current fiscal year.
The company also recently declared a special dividend, which was paid on Tuesday, November 1st. Investors of record on Monday, October 24th were paid a $24.00 dividend. The ex-dividend date of this dividend was Thursday, October 20th.
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 transaction of $5,777,720.00. Following the transaction, the insider now 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 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 transaction, the insider now owns 15,010 shares in the company, valued at approximately $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 institutional investors have recently bought and sold shares of TDG. Douglass Winthrop Advisors LLC boosted its position in TransDigm Group by 1.9% in the second quarter. Douglass Winthrop Advisors LLC now owns 93,849 shares of the company’s stock valued at $24,747,000 after buying an additional 1,724 shares in the last quarter. Capstone Asset Management Co. boosted its position in TransDigm Group by 259.4% in the second quarter. Capstone Asset Management Co. now owns 8,443 shares of the company’s stock valued at $2,226,000 after buying an additional 6,094 shares in the last quarter. Chevy Chase Trust Holdings Inc. bought a new position in TransDigm Group during the second quarter valued at about $11,934,000. Exxonmobil Investment Management Inc. TX bought a new position in TransDigm Group during the second quarter valued at about $3,616,000. Finally, British Columbia Investment Management Corp boosted its position in TransDigm Group by 12.9% in the second quarter. British Columbia Investment Management Corp now owns 38,027 shares of the company’s stock valued at $10,027,000 after buying an additional 4,339 shares in the last quarter.
TransDigm Group Company Profile
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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