TDG has been the topic of a number of other research reports. Barclays PLC increased their price target on TransDigm Group from $285.00 to $300.00 and gave the company an overweight rating in a research report on Wednesday, June 22nd. Deutsche Bank AG increased their price target on TransDigm Group from $260.00 to $300.00 and gave the company a hold rating in a research report on Wednesday, August 10th. Jefferies Group set a $340.00 price target on TransDigm Group and gave the company a buy rating in a research report on Tuesday, October 4th. Zacks Investment Research lowered TransDigm Group from a strong-buy rating to a hold rating in a research report on Tuesday, July 12th. Finally, Morgan Stanley initiated coverage on TransDigm Group in a research report on Thursday, June 23rd. They issued an equal weight rating and a $287.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $288.18.
Shares of TransDigm Group (NYSE:TDG) traded up 1.15% during midday trading on Friday, reaching $284.14. The company had a trading volume of 81,612 shares. The company’s 50 day moving average price is $286.00 and its 200 day moving average price is $261.16. The stock has a market capitalization of $15.13 billion, a PE ratio of 30.05 and a beta of 0.72. TransDigm Group has a 52-week low of $180.76 and a 52-week high of $294.38.
TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 9th. The company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.27. TransDigm Group had a negative return on equity of 62.15% and a net margin of 17.25%. The company earned $797.70 million during the quarter, compared to analysts’ expectations of $805.23 million. During the same period last year, the business posted $2.26 EPS. TransDigm Group’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities research analysts expect that TransDigm Group will post $11.39 earnings per share for the current year.
In other TransDigm Group news, insider Bernt G. Iversen II sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $278.81, for a total value of $2,788,100.00. Following the transaction, the insider now directly owns 15,010 shares in the company, valued at approximately $4,184,938.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Palmer sold 20,500 shares of TransDigm Group stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $281.84, for a total value of $5,777,720.00. Following the completion of the transaction, the insider now owns 14,000 shares in the company, valued at $3,945,760. The disclosure for this sale can be found here. Company insiders own 9.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Evercore Wealth Management LLC increased its position in shares of TransDigm Group by 5.0% in the second quarter. Evercore Wealth Management LLC now owns 1,250 shares of the company’s stock valued at $329,000 after buying an additional 60 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of TransDigm Group during the second quarter valued at $564,000. Kentucky Retirement Systems bought a new position in shares of TransDigm Group during the second quarter valued at $1,188,000. Northwestern Mutual Investment Management Company LLC bought a new position in shares of TransDigm Group during the second quarter valued at $533,000. Finally, Mason Street Advisors LLC bought a new position in shares of TransDigm Group during the second quarter valued at $1,882,000.
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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