Stock analysts at Robert W. Baird assumed coverage on shares of TransDigm Group Inc. (NYSE:TDG) in a research note issued to investors on Wednesday. The brokerage set an “outperform” rating and a $341.00 price target on the stock. Robert W. Baird’s price objective points to a potential upside of 19.44% from the stock’s previous close.
A number of other equities analysts also recently weighed in on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $280.00 target price on shares of TransDigm Group in a research note on Tuesday, June 21st. Barclays PLC raised their target price on shares of TransDigm Group from $285.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, June 22nd. Morgan Stanley began coverage on shares of TransDigm Group in a research note on Thursday, June 23rd. They set an “equal weight” rating and a $287.00 target price for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $271.00 target price on shares of TransDigm Group in a research note on Saturday, June 25th. Finally, KeyCorp raised shares of TransDigm Group from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $288.18.
TransDigm Group (NYSE:TDG) opened at 285.50 on Wednesday. The stock has a market cap of $15.21 billion, a P/E ratio of 30.20 and a beta of 0.72. TransDigm Group has a 1-year low of $180.76 and a 1-year high of $294.38. The company has a 50-day moving average price of $286.12 and a 200 day moving average price of $260.75.
TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 9th. The company reported $3.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.82 by $0.27. TransDigm Group had a net margin of 17.25% and a negative return on equity of 62.15%. The company earned $797.70 million during the quarter, compared to the consensus estimate of $805.23 million. During the same period in the prior year, the firm earned $2.26 earnings per share. TransDigm Group’s revenue was up 15.4% on a year-over-year basis. Equities analysts expect that TransDigm Group will post $11.39 earnings per share for the current fiscal year.
In related news, insider Bernt G. Iversen II sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $278.81, for a total value of $2,788,100.00. Following the sale, the insider now owns 15,010 shares in the company, valued at $4,184,938.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Roger Jones sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The stock was 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 owns 11,500 shares in the company, valued at approximately $3,288,080. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of TransDigm Group by 23.9% in the second quarter. Vanguard Group Inc. now owns 4,519,006 shares of the company’s stock valued at $1,191,617,000 after buying an additional 873,098 shares in the last quarter. Lone Pine Capital LLC boosted its position in shares of TransDigm Group by 12.4% in the second quarter. Lone Pine Capital LLC now owns 2,380,420 shares of the company’s stock valued at $627,693,000 after buying an additional 262,561 shares in the last quarter. FMR LLC boosted its position in shares of TransDigm Group by 37.4% in the second quarter. FMR LLC now owns 2,076,176 shares of the company’s stock valued at $547,466,000 after buying an additional 564,864 shares in the last quarter. State Street Corp boosted its position in shares of TransDigm Group by 99.8% in the second quarter. State Street Corp now owns 2,040,202 shares of the company’s stock valued at $537,981,000 after buying an additional 1,019,026 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of TransDigm Group by 4.5% in the second quarter. Principal Financial Group Inc. now owns 1,897,665 shares of the company’s stock valued at $500,395,000 after buying an additional 82,334 shares in the last quarter. 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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