Jefferies Group LLC Lowers Transdigm Group Incorporated (TDG) to Hold
Jefferies Group LLC downgraded shares of Transdigm Group Incorporated (NYSE:TDG) from a buy rating to a hold rating in a report published on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has $280.00 target price on the aerospace company’s stock, down from their prior target price of $322.00. Jefferies Group also issued estimates for Transdigm Group’s Q4 2017 earnings at $2.90 EPS.
Several other research firms also recently weighed in on TDG. Zacks Investment Research downgraded shares of Transdigm Group from a buy rating to a hold rating and set a $308.00 price target for the company. in a research report on Thursday, July 13th. Deutsche Bank AG restated a buy rating and set a $305.00 price target on shares of Transdigm Group in a research report on Tuesday, June 13th. Royal Bank Of Canada restated a buy rating and set a $316.00 price target on shares of Transdigm Group in a research report on Friday, September 1st. Wolfe Research downgraded shares of Transdigm Group from an outperform rating to a market perform rating in a research report on Thursday, July 20th. Finally, Morgan Stanley restated an equal weight rating and set a $281.00 price target (up previously from $245.00) on shares of Transdigm Group in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $295.05.
Transdigm Group (TDG) traded down 1.46% during trading on Wednesday, hitting $260.40. The stock had a trading volume of 275,079 shares. The firm has a 50 day moving average of $269.22 and a 200-day moving average of $257.59. Transdigm Group has a 12 month low of $203.72 and a 12 month high of $295.00. The stock has a market cap of $13.52 billion, a price-to-earnings ratio of 28.93 and a beta of 0.54.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.32. The business had revenue of $907.67 million during the quarter, compared to the consensus estimate of $903.99 million. Transdigm Group had a net margin of 14.47% and a negative return on equity of 40.12%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.09 earnings per share. Equities analysts predict that Transdigm Group will post $12.30 earnings per share for the current year.
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The firm also recently disclosed a special dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, September 5th were issued a $22.00 dividend. The ex-dividend date of this dividend was Thursday, August 31st.
In other Transdigm Group news, insider Jorge Valladares sold 5,900 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $278.03, for a total value of $1,640,377.00. Following the completion of the sale, the insider now owns 14,900 shares in the company, valued at approximately $4,142,647. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Raymond F. Laubenthal sold 6,000 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $281.81, for a total transaction of $1,690,860.00. Following the completion of the sale, the director now owns 75,701 shares of the company’s stock, valued at approximately $21,333,298.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,000 shares of company stock valued at $6,549,337. 10.52% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Transdigm Group by 3.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock valued at $103,000 after buying an additional 14 shares during the period. Korea Investment CORP grew its stake in shares of Transdigm Group by 142.6% in the 2nd 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. purchased a new stake in shares of Transdigm Group in the 2nd quarter valued at approximately $200,000. HighTower Advisors LLC purchased a new stake in shares of Transdigm Group in the 2nd quarter valued at approximately $201,000. Finally, Laurion Capital Management LP purchased a new stake in shares of Transdigm Group in the 2nd quarter valued at approximately $205,000.
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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