Transdigm Group Incorporated (TDG) Stock Rating Lowered by Zacks Investment Research
Transdigm Group Incorporated (NYSE:TDG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.
According to Zacks, “Over the past six months, TransDigm’s shares have underperformed the industry’s average return. TransDigm is seeing some negative trends at present, like weaker defense aftermarket orders and soft business jet, helicopter and freighter revenues, which might pressure its top line growth in the near future. The company expects almost flat growth in defense military revenue in the near term, in light of recent global events and the resultant political uncertainty. Moreover, mounting interest expenses and escalating debt burden continue to bother the company’s financials. In addition, the company faces significant integration risks and expenses. However, on the positive side, TransDigm’s strong growth in commercial aftermarket revenues looks impressive. Also, the company’s strong inorganic growth adds to its strength.”
Other research analysts also recently issued research reports about the stock. Deutsche Bank AG reiterated a “buy” rating and set a $305.00 price target on shares of Transdigm Group in a research report on Tuesday, June 13th. Vertical Research reiterated a “buy” rating and set a $316.00 price target (up previously from $280.00) on shares of Transdigm Group in a research report on Thursday, August 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $316.00 price target on shares of Transdigm Group in a research report on Friday, September 1st. Canaccord Genuity reiterated a “buy” rating and set a $330.00 price target (up previously from $300.00) on shares of Transdigm Group in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC upped their price target on shares of Transdigm Group from $283.00 to $322.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $295.58.
Transdigm Group (TDG) traded down 0.227% during trading on Wednesday, reaching $265.925. 125,523 shares of the company’s stock traded hands. The company has a market capitalization of $13.80 billion, a price-to-earnings ratio of 29.580 and a beta of 0.53. Transdigm Group has a 12 month low of $203.72 and a 12 month high of $295.00. The firm’s 50 day moving average is $261.59 and its 200-day moving average is $260.74.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.32. The business had revenue of $907.67 million for 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 firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.09 EPS. Analysts expect that Transdigm Group will post $12.30 EPS for the current fiscal year.
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In other news, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $254.19, for a total value of $1,525,140.00. Following the completion of the sale, the director now directly owns 75,701 shares of the company’s stock, valued at approximately $19,242,437.19. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jorge Valladares sold 5,900 shares of the company’s 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 directly owns 14,900 shares of the company’s stock, valued at $4,142,647. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,900 shares of company stock valued at $6,521,737. 10.52% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. LS Investment Advisors LLC increased its stake in shares of Transdigm Group by 0.3% in the 2nd quarter. LS Investment Advisors LLC now owns 2,263 shares of the aerospace company’s stock valued at $608,000 after acquiring an additional 6 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased 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 acquiring an additional 14 shares during the last quarter. Profund Advisors LLC increased its stake in shares of Transdigm Group by 1.1% in the 2nd quarter. Profund Advisors LLC now owns 1,334 shares of the aerospace company’s stock valued at $359,000 after acquiring an additional 15 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Transdigm Group by 1.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,850 shares of the aerospace company’s stock valued at $497,000 after acquiring an additional 20 shares during the last quarter. Finally, Sentry Investment Management LLC increased its stake in shares of Transdigm Group by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 3,683 shares of the aerospace company’s stock valued at $990,000 after acquiring an additional 40 shares during the last quarter.
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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