TransDigm Group Inc. (TDG) Given Consensus Recommendation of “Hold” by Analysts
Shares of TransDigm Group Inc. (NYSE:TDG) have earned an average rating of “Hold” from the seventeen analysts that are currently covering the firm. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $266.50.
A number of equities research analysts have weighed in on the company. Deutsche Bank AG upgraded TransDigm Group from a “hold” rating to a “buy” rating and raised their price target for the company from $282.00 to $290.00 in a research report on Tuesday. Wellington Shields downgraded TransDigm Group from a “gradually accumulate” rating to a “hold” rating in a research report on Monday, November 14th. Vertical Group restated a “sell” rating and set a $22.00 price target on shares of TransDigm Group in a research report on Monday, October 31st. Vertical Research assumed coverage on TransDigm Group in a research report on Friday, October 28th. They set a “buy” rating on the stock. Finally, Wolfe Research restated a “market perform” rating on shares of TransDigm Group in a research report on Friday, October 7th.
In related news, insider Peter Palmer sold 20,500 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $281.84, for a total value of $5,777,720.00. Following the sale, the insider now directly owns 14,000 shares of the company’s stock, valued at $3,945,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert S. Henderson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $271.09, for a total value of $2,710,900.00. Following the completion of the sale, the vice president now directly owns 20,000 shares in the company, valued at $5,421,800. The disclosure for this sale can be found here. 9.30% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp boosted its stake in TransDigm Group by 2.1% in the second quarter. Fifth Third Bancorp now owns 578 shares of the company’s stock valued at $152,000 after buying an additional 12 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of TransDigm Group by 341.5% in the second quarter. Advisory Services Network LLC now owns 702 shares of the company’s stock valued at $185,000 after buying an additional 543 shares during the period. Seven Eight Capital LLC bought a new stake in shares of TransDigm Group during the first quarter valued at approximately $195,000. Tower Research Capital LLC TRC bought a new stake in shares of TransDigm Group during the second quarter valued at approximately $196,000. Finally, Athena Capital Advisors LLC bought a new stake in shares of TransDigm Group during the third quarter valued at approximately $202,000.
TransDigm Group (NYSE:TDG) opened at 250.03 on Monday. The stock has a 50 day moving average price of $276.85 and a 200-day moving average price of $269.51. The firm has a market capitalization of $13.32 billion, a P/E ratio of 26.44 and a beta of 0.61. TransDigm Group has a 52 week low of $180.76 and a 52 week high of $294.38.
TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Monday, November 14th. The company reported $3.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.20 by $0.09. TransDigm Group had a negative return on equity of 71.44% and a net margin of 17.30%. The business had revenue of $875.20 million for the quarter, compared to the consensus estimate of $884.26 million. During the same quarter last year, the business posted $2.83 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts anticipate that TransDigm Group will post $12.73 EPS for the current fiscal year.
The firm also recently announced 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.
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.
Receive News & Stock Ratings for TransDigm Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group Inc. and related stocks with our FREE daily email newsletter.