Jefferies Group LLC restated their buy rating on shares of TransDigm Group Incorporated (NYSE:TDG) in a report published on Friday morning. Jefferies Group LLC currently has a $283.00 target price on the aerospace company’s stock.
TDG has been the subject of a number of other research reports. Morgan Stanley reaffirmed a neutral rating and set a $240.00 price target (down previously from $265.00) on shares of TransDigm Group in a report on Friday, March 24th. Goldman Sachs Group, Inc. (The) reaffirmed a positive rating and set a $311.00 price target on shares of TransDigm Group in a report on Friday, March 17th. Barclays PLC reaffirmed an overweight rating and set a $310.00 price target on shares of TransDigm Group in a report on Tuesday, March 28th. Zacks Investment Research downgraded shares of TransDigm Group from a buy rating to a sell rating in a report on Monday, April 17th. Finally, Canaccord Genuity reaffirmed a buy rating and set a $300.00 price target on shares of TransDigm Group in a report on Wednesday, March 22nd. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. TransDigm Group has an average rating of Buy and a consensus target price of $285.43.
Shares of TransDigm Group (NYSE TDG) traded up 0.02% on Friday, reaching $282.20. 566,303 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $263.65 and its 200 day moving average price is $246.51. TransDigm Group has a 12 month low of $203.72 and a 12 month high of $294.38. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 32.02 and a beta of 0.55.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, May 9th. The aerospace company reported $3.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.85 by $0.17. The firm had revenue of $873.23 million for the quarter, compared to the consensus estimate of $894.37 million. During the same period last year, the company posted $2.86 EPS. The business’s revenue was up 9.6% on a year-over-year basis. Equities research analysts predict that TransDigm Group will post $12.29 EPS for the current fiscal year.
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In related news, insider Jorge Valladares sold 6,000 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $265.53, for a total value of $1,593,180.00. Following the completion of the transaction, the insider now owns 15,000 shares of the company’s stock, valued at approximately $3,982,950. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders sold 18,000 shares of company stock valued at $4,731,157. 10.52% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. increased its position in TransDigm Group by 3.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 499 shares of the aerospace company’s stock valued at $126,000 after buying an additional 18 shares during the last quarter. Neville Rodie & Shaw Inc. acquired a new position in TransDigm Group during the second quarter valued at about $200,000. Palisade Capital Management LLC NJ acquired a new position in TransDigm Group during the first quarter valued at about $220,000. Pacer Advisors Inc. increased its position in TransDigm Group by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,023 shares of the aerospace company’s stock valued at $225,000 after buying an additional 33 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in TransDigm Group by 10.5% in the first quarter. Sequoia Financial Advisors LLC now owns 1,050 shares of the aerospace company’s stock valued at $231,000 after buying an additional 100 shares during the last quarter.
About TransDigm Group
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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