TransDigm Group Inc. (TDG) Stock Rating Lowered by Wellington Shields
TransDigm Group Inc. (NYSE:TDG) was downgraded by analysts at Wellington Shields from a “gradually accumulate” rating to a “hold” rating in a research report issued to clients and investors on Monday.
TDG has been the subject of a number of other research reports. Wolfe Research reissued a “market perform” rating on shares of TransDigm Group in a research report on Friday, October 7th. Deutsche Bank AG upped their target price on TransDigm Group from $260.00 to $300.00 and gave the stock a “hold” rating in a research report on Wednesday, August 10th. Jefferies Group set a $340.00 target price on TransDigm Group and gave the stock a “buy” rating in a research report on Tuesday, October 4th. Zacks Investment Research downgraded TransDigm Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. Finally, Vertical Group reaffirmed a “sell” rating and issued a $22.00 target price on shares of TransDigm Group in a research report on Monday, October 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $265.17.
Shares of TransDigm Group (NYSE:TDG) traded down 0.16% during trading on Monday, reaching $258.51. The company had a trading volume of 28,065 shares. The firm has a market capitalization of $13.77 billion, a price-to-earnings ratio of 27.34 and a beta of 0.61. The firm has a 50-day moving average of $276.85 and a 200 day moving average of $269.51. TransDigm Group has a 52 week low of $180.76 and a 52 week high of $294.38.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Monday, November 14th. The company reported $3.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.20 by $0.09. TransDigm Group had a negative return on equity of 66.35% and a net margin of 17.30%. The firm earned $875.20 million during the quarter, compared to the consensus estimate of $884.26 million. During the same quarter in the previous year, the business earned $2.83 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that TransDigm Group will post $12.73 earnings per share for the current year.
The business also recently declared a special dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 24th were given a dividend of $24.00 per share. The ex-dividend date was Thursday, October 20th.
In other TransDigm Group news, insider Bernt G. Iversen II sold 10,000 shares of the stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $287.16, for a total transaction of $2,871,600.00. Following the completion of the transaction, the insider now directly owns 15,010 shares of the company’s stock, valued at approximately $4,310,271.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Peter Palmer sold 20,500 shares of the stock in a transaction 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 transaction, the insider now directly owns 14,000 shares of the company’s stock, valued at $3,945,760. The disclosure for this sale can be found here. Insiders own 9.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. British Airways Pensions Investment Management Ltd raised its position in shares of TransDigm Group by 34.0% in the second quarter. British Airways Pensions Investment Management Ltd now owns 91,784 shares of the company’s stock worth $24,298,000 after buying an additional 23,270 shares during the last quarter. Douglass Winthrop Advisors LLC raised its stake 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. Strs Ohio raised its stake in TransDigm Group by 18.3% in the second quarter. Strs Ohio now owns 105,563 shares of the company’s stock valued at $27,835,000 after buying an additional 16,316 shares in the last quarter. Jana Partners LLC bought a new stake in TransDigm Group during the first quarter valued at $80,610,000. Finally, National Pension Service raised its stake in TransDigm Group by 4.4% in the first quarter. National Pension Service now owns 35,186 shares of the company’s stock valued at $7,753,000 after buying an additional 1,495 shares in the last quarter.
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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