Cowen and Company Reaffirms Hold Rating for Transdigm Group Incorporated (TDG)

Transdigm Group Incorporated (NYSE:TDG)‘s stock had its “hold” rating restated by Cowen and Company in a research report issued on Thursday. They presently have a $290.00 price target on the aerospace company’s stock. Cowen and Company’s price objective points to a potential upside of 9.15% from the company’s current price.

Other analysts have also recently issued reports about the company. BidaskClub cut Transdigm Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Canaccord Genuity restated a “buy” rating and set a $330.00 price objective on shares of Transdigm Group in a research report on Friday, September 15th. Jefferies Group LLC restated a “buy” rating and set a $283.00 price objective on shares of Transdigm Group in a research report on Friday, July 14th. Zacks Investment Research cut Transdigm Group from a “buy” rating to a “hold” rating and set a $308.00 price objective on the stock. in a research report on Thursday, July 13th. Finally, Vertical Research restated a “buy” rating and set a $316.00 price objective (up from $280.00) on shares of Transdigm Group in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $295.58.

Shares of Transdigm Group (NYSE TDG) traded down 0.60% during trading on Thursday, reaching $264.11. The company had a trading volume of 312,769 shares. The firm has a market capitalization of $13.71 billion, a PE ratio of 29.35 and a beta of 0.53. Transdigm Group has a 12 month low of $203.72 and a 12 month high of $295.00. The stock has a 50 day moving average price of $260.34 and a 200 day moving average price of $262.46.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, topping the Thomson Reuters’ 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 company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.09 EPS. On average, equities research analysts forecast that Transdigm Group will post $12.30 EPS for the current year.

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In other Transdigm Group news, VP Robert S. Henderson sold 15,000 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $263.74, for a total value of $3,956,100.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $277.56, for a total value of $1,665,360.00. Following the completion of the transaction, the director now directly owns 75,701 shares in the company, valued at approximately $21,011,569.56. The disclosure for this sale can be found here. In the last three months, insiders sold 33,000 shares of company stock worth $8,729,280. Insiders own 10.52% of the company’s stock.

A number of institutional investors have recently bought and sold shares of TDG. Stifel Financial Corp boosted its stake in Transdigm Group by 20.8% in the first quarter. Stifel Financial Corp now owns 4,260 shares of the aerospace company’s stock worth $936,000 after purchasing an additional 734 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Transdigm Group by 19.8% in the first quarter. OppenheimerFunds Inc. now owns 1,702 shares of the aerospace company’s stock worth $375,000 after purchasing an additional 281 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Transdigm Group by 5.2% in the first quarter. Thrivent Financial For Lutherans now owns 1,830 shares of the aerospace company’s stock worth $403,000 after purchasing an additional 90 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Transdigm Group by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 129,446 shares of the aerospace company’s stock worth $28,498,000 after purchasing an additional 1,113 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Transdigm Group by 6.3% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,400 shares of the aerospace company’s stock worth $749,000 after purchasing an additional 200 shares in 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.

Analyst Recommendations for Transdigm Group (NYSE:TDG)

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