Transdigm Group Incorporated (NYSE:TDG) has earned a consensus rating of “Buy” from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $294.24.
A number of research analysts have recently weighed in on TDG shares. Canaccord Genuity reissued a “buy” rating and issued a $300.00 price target on shares of Transdigm Group in a research note on Thursday, May 25th. Zacks Investment Research downgraded Transdigm Group from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Jefferies Group LLC reissued a “buy” rating on shares of Transdigm Group in a research note on Tuesday, June 6th. Robert W. Baird reissued an “outperform” rating and issued a $300.00 price target (up previously from $262.00) on shares of Transdigm Group in a research note on Tuesday, June 6th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $305.00 price target on shares of Transdigm Group in a research note on Tuesday, June 13th.
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In other news, insider Jorge Valladares sold 5,900 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $278.03, for a total value of $1,640,377.00. Following the completion of the transaction, the insider now owns 14,900 shares in the company, valued at approximately $4,142,647. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $281.81, for a total value of $1,690,860.00. Following the completion of the transaction, the director now owns 75,701 shares of the company’s stock, valued at approximately $21,333,298.81. The disclosure for this sale can be found here. Insiders sold a total of 24,000 shares of company stock worth $6,549,337 in the last three months. Company insiders own 10.52% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. LS Investment Advisors LLC grew its holdings in shares of Transdigm Group by 0.3% in the 2nd quarter. LS Investment Advisors LLC now owns 2,263 shares of the aerospace company’s stock valued at $608,000 after acquiring an additional 6 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Transdigm Group by 3.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock valued at $103,000 after acquiring an additional 14 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of Transdigm Group by 1.1% in the 2nd quarter. Profund Advisors LLC now owns 1,334 shares of the aerospace company’s stock valued at $359,000 after acquiring an additional 15 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Transdigm Group by 1.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,850 shares of the aerospace company’s stock valued at $497,000 after acquiring an additional 20 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Transdigm Group by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 1,023 shares of the aerospace company’s stock valued at $225,000 after acquiring an additional 33 shares in the last quarter.
Shares of Transdigm Group (NYSE TDG) traded up 1.94% on Friday, hitting $264.27. The stock had a trading volume of 807,504 shares. The firm has a 50 day moving average price of $269.22 and a 200 day moving average price of $257.59. Transdigm Group has a one year low of $203.72 and a one year high of $295.00. The company has a market capitalization of $13.72 billion, a P/E ratio of 29.36 and a beta of 0.54.
Transdigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.32. The company had revenue of $907.67 million for the quarter, compared to the consensus estimate of $903.99 million. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.09 EPS. On average, equities research analysts predict that Transdigm Group will post $12.30 earnings per share for the current fiscal year.
The company also recently declared a special dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, September 5th were paid a $22.00 dividend. The ex-dividend date of this dividend was Thursday, August 31st.
Transdigm Group Company Profile
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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