Royal Bank Of Canada set a $346.00 price objective on Transdigm Group Incorporated (NYSE:TDG) in a report issued on Thursday. The brokerage currently has a buy rating on the aerospace company’s stock.
TDG has been the subject of several other reports. SunTrust Banks, Inc. restated a buy rating and issued a $300.00 target price on shares of Transdigm Group in a report on Monday, October 2nd. Zacks Investment Research upgraded Transdigm Group from a sell rating to a hold rating in a report on Wednesday. Credit Suisse Group restated an outperform rating and issued a $320.00 target price (up from $301.00) on shares of Transdigm Group in a report on Thursday, August 10th. They noted that the move was a valuation call. Deutsche Bank AG boosted their target price on Transdigm Group from $305.00 to $320.00 and gave the stock a buy rating in a report on Wednesday, August 9th. Finally, Robert W. Baird restated a buy rating and issued a $300.00 target price on shares of Transdigm Group in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $296.87.
Shares of Transdigm Group (NYSE TDG) traded down $5.32 during midday trading on Thursday, hitting $263.08. The company had a trading volume of 296,427 shares, compared to its average volume of 496,854. The company has a market cap of $13,669.64, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.18 and a beta of 0.50. Transdigm Group has a 1-year low of $203.72 and a 1-year high of $295.00. The company has a current ratio of 2.45, a quick ratio of 1.51 and a debt-to-equity ratio of -3.86.
In related news, CEO W Nicholas Howley sold 63,776 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $268.60, for a total value of $17,130,233.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $254.19, for a total value of $1,525,140.00. Following the completion of the transaction, the director now owns 75,701 shares of the company’s stock, valued at $19,242,437.19. The disclosure for this sale can be found here. Insiders sold 96,776 shares of company stock valued at $25,777,794 over the last 90 days. 10.52% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of TDG. OppenheimerFunds Inc. grew its position in Transdigm Group by 19.8% in the first quarter. OppenheimerFunds Inc. now owns 1,702 shares of the aerospace company’s stock valued at $375,000 after acquiring an additional 281 shares during the period. Thrivent Financial For Lutherans grew its position 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 valued at $403,000 after acquiring an additional 90 shares during the period. Dimensional Fund Advisors LP grew its position 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 valued at $28,498,000 after acquiring an additional 1,113 shares during the period. Bank of Montreal Can grew its position in Transdigm Group by 12.3% in the second quarter. Bank of Montreal Can now owns 20,742 shares of the aerospace company’s stock valued at $5,576,000 after acquiring an additional 2,279 shares during the period. Finally, LS Investment Advisors LLC grew its position in Transdigm Group by 0.3% in the second 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 during the period.
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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