Transdigm Group Incorporated (NYSE:TDG) Rating Reiterated by Morgan Stanley
Morgan Stanley reaffirmed their equal weight rating on shares of Transdigm Group Incorporated (NYSE:TDG) in a research report report published on Thursday, July 13th. They currently have a $281.00 target price on the aerospace company’s stock, up from their prior target price of $245.00.
Other research analysts have also recently issued reports about the company. Jefferies Group LLC reissued a buy rating and set a $298.00 price target on shares of Transdigm Group in a research report on Monday, May 8th. Canaccord Genuity reaffirmed a buy rating and issued a $300.00 price objective on shares of Transdigm Group in a research report on Wednesday, March 22nd. Royal Bank Of Canada reaffirmed a buy rating and issued a $316.00 price objective on shares of Transdigm Group in a research report on Tuesday, April 18th. Zacks Investment Research raised Transdigm Group from a sell rating to a buy rating and set a $272.00 price objective for the company in a research report on Monday, May 15th. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a $305.00 price objective on shares of Transdigm Group in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Transdigm Group currently has a consensus rating of Buy and a consensus price target of $287.68.
Shares of Transdigm Group (TDG) opened at 284.39 on Thursday. The company has a 50-day moving average price of $274.42 and a 200 day moving average price of $250.77. Transdigm Group has a 12-month low of $203.72 and a 12-month high of $294.38. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of 32.27 and a beta of 0.56.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, May 9th. The aerospace company reported $3.02 EPS for the quarter, beating the consensus estimate of $2.85 by $0.17. Transdigm Group had a negative return on equity of 47.38% and a net margin of 14.10%. The firm had revenue of $873.23 million during the quarter, compared to analysts’ expectations of $894.37 million. During the same period in the prior year, the firm posted $2.86 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that Transdigm Group will post $12.29 earnings per share for the current fiscal year.
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In related news, insider Jorge Valladares sold 6,000 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $265.53, for a total transaction of $1,593,180.00. Following the sale, the insider now owns 15,000 shares of the company’s stock, valued at approximately $3,982,950. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 18,000 shares of company stock worth $4,952,017. 10.52% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Transdigm Group by 3.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 499 shares of the aerospace company’s stock valued at $126,000 after buying an additional 18 shares during the period. Korea Investment CORP increased its stake in shares of Transdigm Group by 142.6% in the second quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after buying an additional 291 shares during the period. Neville Rodie & Shaw Inc. acquired a new stake in shares of Transdigm Group during the second quarter valued at about $200,000. Plancorp LLC acquired a new stake in shares of Transdigm Group during the second quarter valued at about $213,000. Finally, Palisade Capital Management LLC NJ acquired a new stake in shares of Transdigm Group during the first quarter valued at about $220,000.
Transdigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The 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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