Media coverage about TransDigm Group (NYSE:TDG) has been trending positive this week, Accern reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TransDigm Group earned a coverage optimism score of 0.30 on Accern’s scale. Accern also gave headlines about the aerospace company an impact score of 46.3387984208495 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Financial Survey: TransDigm Group (TDG) versus SENIOR (SNIRF) (americanbankingnews.com)
- TransDigm Group’s (TDG) “Buy” Rating Reiterated at Royal Bank of Canada (americanbankingnews.com)
- Northrop, Raytheon Lead 5 Defense Stocks Near Buy Points: Investing Action Plan (investors.com)
- Northrop Hits Buy Point; 4 Defense Stocks Close Behind: Investing Action Plan (finance.yahoo.com)
- TransDigm Group (TDG) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
TDG has been the topic of several recent analyst reports. Bank of America increased their target price on shares of TransDigm Group from $305.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Canaccord Genuity reiterated a “buy” rating and issued a $330.00 target price on shares of TransDigm Group in a research note on Friday, February 2nd. Royal Bank of Canada set a $370.00 target price on shares of TransDigm Group and gave the stock a “buy” rating in a research note on Wednesday, January 24th. SunTrust Banks reiterated a “buy” rating on shares of TransDigm Group in a research note on Friday, January 19th. Finally, Zacks Investment Research raised shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $317.00 price target on the stock in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. TransDigm Group has a consensus rating of “Buy” and a consensus price target of $323.50.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $2.43 EPS for the quarter, missing the Zacks’ consensus estimate of $2.64 by ($0.21). The company had revenue of $847.96 million during the quarter, compared to the consensus estimate of $860.12 million. TransDigm Group had a negative return on equity of 27.70% and a net margin of 18.95%. TransDigm Group’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.57 EPS. equities research analysts expect that TransDigm Group will post 16.69 EPS for the current year.
In related news, VP Robert S. Henderson sold 10,000 shares of the stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $311.12, for a total transaction of $3,111,200.00. Following the transaction, the vice president now owns 35,000 shares of the company’s stock, valued at approximately $10,889,200. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Raymond F. Laubenthal sold 11,900 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $295.87, for a total transaction of $3,520,853.00. Following the transaction, the director now directly owns 81,718 shares in the company, valued at approximately $24,177,904.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,644 shares of company stock worth $22,415,911. 10.52% of the stock is owned by insiders.
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About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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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