TransDigm Group (TDG) Sets New 12-Month High and Low Following Analyst Upgrade

Shares of TransDigm Group (NYSE:TDG) hit a new 52-week high and low during trading on Tuesday after SunTrust Banks raised their price target on the stock to $335.00. SunTrust Banks currently has a buy rating on the stock. TransDigm Group traded as low as $323.91 and last traded at $322.52, with a volume of 227302 shares traded. The stock had previously closed at $320.25.

Other analysts have also issued reports about the company. Morgan Stanley lifted their price objective on TransDigm Group from $306.00 to $321.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 12th. Bank of America lifted their price objective on TransDigm Group from $305.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Robert W. Baird lifted their price objective on TransDigm Group from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Credit Suisse Group reiterated an “outperform” rating and issued a $337.00 price objective (up from $320.00) on shares of TransDigm Group in a research report on Wednesday, February 7th. Finally, Jefferies Group set a $323.00 price objective on TransDigm Group and gave the stock a “hold” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. TransDigm Group has an average rating of “Buy” and a consensus target price of $326.57.

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In other news, insider Alex Feil sold 5,444 shares of TransDigm Group stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $280.85, for a total transaction of $1,528,947.40. Following the transaction, the insider now owns 5,444 shares in the company, valued at approximately $1,528,947.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond F. Laubenthal sold 11,900 shares of TransDigm Group stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $318.24, for a total value of $3,787,056.00. Following the transaction, the director now owns 25,112 shares in the company, valued at approximately $7,991,642.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,644 shares of company stock worth $26,801,262. Company insiders own 11.45% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of TransDigm Group by 43.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519 shares of the aerospace company’s stock valued at $142,000 after purchasing an additional 158 shares in the last quarter. Flinton Capital Management LLC lifted its holdings in shares of TransDigm Group by 16.2% during the 4th quarter. Flinton Capital Management LLC now owns 1,376 shares of the aerospace company’s stock valued at $378,000 after purchasing an additional 192 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of TransDigm Group by 45.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 646 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 202 shares in the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of TransDigm Group by 0.5% during the 4th quarter. Gateway Investment Advisers LLC now owns 53,031 shares of the aerospace company’s stock valued at $14,563,000 after purchasing an additional 246 shares in the last quarter. Finally, Meadow Creek Investment Management LLC lifted its stake in TransDigm Group by 16.2% in the 4th quarter. Meadow Creek Investment Management LLC now owns 1,892 shares of the aerospace company’s stock valued at $519,000 after acquiring an additional 264 shares in the last quarter.

The company has a market cap of $16,140.14, a P/E ratio of 26.96, a P/E/G ratio of 1.58 and a beta of 0.77. The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of -4.38.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 6th. The aerospace company reported $2.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.64 by ($0.21). The firm had revenue of $847.96 million during the quarter, compared to the consensus estimate of $860.12 million. TransDigm Group had a net margin of 18.95% and a negative return on equity of 27.70%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.57 EPS. equities analysts forecast that TransDigm Group will post 16.69 earnings per share for the current year.

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TransDigm Group Company Profile

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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