A number of other brokerages also recently weighed in on TDG. Canaccord Genuity reaffirmed a buy rating and set a $280.00 price target on shares of TransDigm Group in a report on Tuesday, June 21st. KeyCorp raised shares of TransDigm Group from a sector weight rating to an overweight rating in a report on Wednesday, June 29th. Barclays PLC upped their price target on shares of TransDigm Group from $300.00 to $310.00 and gave the stock an overweight rating in a report on Wednesday, August 10th. Zacks Investment Research downgraded shares of TransDigm Group from a hold rating to a sell rating in a report on Tuesday. Finally, Royal Bank Of Canada reaffirmed an outperform rating and set a $271.00 price target on shares of TransDigm Group in a report on Saturday, June 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $282.90.
TransDigm Group (NYSE:TDG) traded up 0.36% during mid-day trading on Tuesday, reaching $284.15. 325,386 shares of the company’s stock were exchanged. The firm has a market cap of $15.14 billion, a price-to-earnings ratio of 30.05 and a beta of 0.72. The stock has a 50-day moving average of $286.07 and a 200-day moving average of $260.41. TransDigm Group has a 12 month low of $180.76 and a 12 month high of $294.38.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $3.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.82 by $0.27. The firm earned $797.70 million during the quarter, compared to the consensus estimate of $805.23 million. TransDigm Group had a net margin of 17.25% and a negative return on equity of 62.15%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.26 EPS. Analysts anticipate that TransDigm Group will post $11.39 earnings per share for the current year.
In other news, insider Roger Jones sold 7,500 shares of the stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $285.92, for a total transaction of $2,144,400.00. Following the completion of the sale, the insider now directly owns 11,500 shares in the company, valued at $3,288,080. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Bernt G. Iversen II sold 10,000 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $278.81, for a total transaction of $2,788,100.00. Following the sale, the insider now owns 15,010 shares of the company’s stock, valued at $4,184,938.10. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Aviva PLC boosted its stake in TransDigm Group by 8.7% in the first quarter. Aviva PLC now owns 36,970 shares of the company’s stock valued at $8,146,000 after buying an additional 2,967 shares during the period. Picton Mahoney Asset Management purchased a new stake in TransDigm Group during the first quarter valued at $507,000. M&T Bank Corp boosted its stake in TransDigm Group by 6.6% in the first quarter. M&T Bank Corp now owns 14,025 shares of the company’s stock valued at $3,091,000 after buying an additional 865 shares during the period. TimesSquare Capital Management LLC boosted its stake in TransDigm Group by 21.1% in the first quarter. TimesSquare Capital Management LLC now owns 345,300 shares of the company’s stock valued at $76,083,000 after buying an additional 60,200 shares during the period. Finally, East Coast Asset Management LLC. boosted its stake in TransDigm Group by 6.0% in the first quarter. East Coast Asset Management LLC. now owns 21,029 shares of the company’s stock valued at $4,634,000 after buying an additional 1,187 shares during the period. Institutional investors own 87.73% of the company’s stock.
TransDigm Group Company Profile
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.
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