Transdigm Group Incorporated (NYSE:TDG) had its target price lowered by Canaccord Genuity from $330.00 to $315.00 in a research note released on Friday. The brokerage currently has a buy rating on the aerospace company’s stock.
TDG has been the subject of several other reports. Deutsche Bank AG increased their price target on shares of Transdigm Group from $305.00 to $320.00 and gave the stock a buy rating in a report on Wednesday, August 9th. Robert W. Baird reaffirmed a buy rating and issued a $300.00 target price on shares of Transdigm Group in a report on Thursday, October 12th. Stephens cut shares of Transdigm Group from an equal weight rating to an underweight rating and set a $230.00 target price for the company. in a report on Thursday, August 3rd. Morgan Stanley reaffirmed an equal weight rating and issued a $281.00 target price (up from $245.00) on shares of Transdigm Group in a report on Thursday, July 13th. Finally, Zacks Investment Research cut shares of Transdigm Group from a hold rating to a sell rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $295.11.
Transdigm Group (NYSE:TDG) traded up $1.42 during midday trading on Friday, reaching $267.00. 760,500 shares of the company traded hands, compared to its average volume of 821,979. The stock has a market capitalization of $13,890.36, a PE ratio of 22.42, a P/E/G ratio of 2.21 and a beta of 0.50. Transdigm Group has a 52-week low of $203.72 and a 52-week high of $295.00. The company has a quick ratio of 1.51, a current ratio of 2.36 and a debt-to-equity ratio of -3.86.
Transdigm Group (NYSE:TDG) last posted its quarterly earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.30. The firm had revenue of $923.89 million during the quarter, compared to analysts’ expectations of $959.77 million. Transdigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.29 earnings per share. equities research analysts predict that Transdigm Group will post 12.76 earnings per share for the current year.
In other news, VP Robert S. Henderson sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $263.74, for a total transaction of $3,956,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $254.19, for a total transaction of $1,525,140.00. Following the transaction, the director now directly owns 75,701 shares of the company’s stock, valued at $19,242,437.19. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,000 shares of company stock valued at $8,729,280. Corporate insiders own 10.52% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in TDG. OppenheimerFunds Inc. boosted its position in Transdigm Group by 19.8% during the first quarter. OppenheimerFunds Inc. now owns 1,702 shares of the aerospace company’s stock worth $375,000 after acquiring an additional 281 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Transdigm Group by 5.2% during the first quarter. Thrivent Financial For Lutherans now owns 1,830 shares of the aerospace company’s stock worth $403,000 after acquiring an additional 90 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Transdigm Group by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 129,446 shares of the aerospace company’s stock worth $28,498,000 after acquiring an additional 1,113 shares during the last quarter. Bank of Montreal Can boosted its position in Transdigm Group by 12.3% during the second quarter. Bank of Montreal Can now owns 20,742 shares of the aerospace company’s stock worth $5,576,000 after acquiring an additional 2,279 shares during the last quarter. Finally, National Pension Service boosted its position in Transdigm Group by 10.1% during the second quarter. National Pension Service now owns 56,360 shares of the aerospace company’s stock worth $14,936,000 after acquiring an additional 5,192 shares during the last quarter.
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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