Canaccord Genuity reaffirmed their buy rating on shares of TransDigm Group (NYSE:TDG) in a report issued on Tuesday, AnalystRatings.com reports.
Other research analysts have also recently issued reports about the stock. Vertical Research cut shares of TransDigm Group from a buy rating to a hold rating and lowered their price target for the company from $317.00 to $309.00 in a report on Monday, March 30th. Susquehanna Bancshares began coverage on TransDigm Group in a research note on Tuesday, June 23rd. They issued a neutral rating and a $494.00 price target for the company. SunTrust Banks lowered their price objective on TransDigm Group from $375.00 to $350.00 and set a buy rating on the stock in a research report on Thursday, April 16th. Bank of America cut shares of TransDigm Group from a buy rating to an underperform rating in a research report on Wednesday, March 18th. Finally, UBS Group raised their price target on shares of TransDigm Group from $450.00 to $495.00 and gave the stock a buy rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $483.57.
TDG opened at $443.76 on Tuesday. TransDigm Group has a 12-month low of $200.06 and a 12-month high of $673.51. The stock has a market cap of $22.77 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 7.21 and a beta of 1.46. The business has a 50 day moving average of $421.98 and a 200-day moving average of $476.71.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.80 by $1.30. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.45 billion. TransDigm Group had a negative return on equity of 37.53% and a net margin of 15.22%. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.21 EPS. As a group, analysts forecast that TransDigm Group will post 11.56 earnings per share for the current year.
In other TransDigm Group news, Director Robert J. Small purchased 14,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $328.37 per share, for a total transaction of $4,597,180.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Halle Fine Terrion sold 4,500 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $494.54, for a total value of $2,225,430.00. Following the transaction, the insider now directly owns 5,378 shares of the company’s stock, valued at approximately $2,659,636.12. The disclosure for this sale can be found here. Over the last three months, insiders acquired 127,823 shares of company stock worth $44,590,021. Insiders own 8.17% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in TDG. Vident Investment Advisory LLC lifted its holdings in shares of TransDigm Group by 2.1% in the fourth quarter. Vident Investment Advisory LLC now owns 1,016 shares of the aerospace company’s stock worth $569,000 after acquiring an additional 21 shares during the last quarter. CSat Investment Advisory L.P. increased its position in TransDigm Group by 17.7% during the 4th quarter. CSat Investment Advisory L.P. now owns 153 shares of the aerospace company’s stock worth $86,000 after purchasing an additional 23 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in TransDigm Group by 0.8% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,207 shares of the aerospace company’s stock valued at $1,796,000 after purchasing an additional 26 shares during the last quarter. Eaton Vance Management boosted its position in TransDigm Group by 0.9% in the fourth quarter. Eaton Vance Management now owns 2,871 shares of the aerospace company’s stock valued at $1,608,000 after buying an additional 26 shares in the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of TransDigm Group by 110.0% during the fourth quarter. Penserra Capital Management LLC now owns 63 shares of the aerospace company’s stock worth $41,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 99.00% of the company’s stock.
About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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