TransDigm Group (NYSE:TDG) had its price objective raised by JPMorgan Chase & Co. from $330.00 to $365.00 in a research note published on Friday morning. JPMorgan Chase & Co. currently has an underweight rating on the aerospace company’s stock.
A number of other research analysts have also weighed in on TDG. Morgan Stanley raised their target price on shares of TransDigm Group from $306.00 to $321.00 and gave the company an equal weight rating in a report on Thursday, April 12th. Zacks Investment Research lowered shares of TransDigm Group from a buy rating to a hold rating in a report on Thursday, April 12th. SunTrust Banks raised their target price on shares of TransDigm Group to $335.00 and gave the company a buy rating in a report on Monday, April 16th. Canaccord Genuity raised their target price on shares of TransDigm Group from $330.00 to $350.00 and gave the company a buy rating in a report on Monday, April 30th. Finally, Cowen reissued a hold rating on shares of TransDigm Group in a report on Tuesday, May 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. TransDigm Group presently has a consensus rating of Buy and a consensus price target of $360.00.
Shares of TDG opened at $356.03 on Friday. The company has a quick ratio of 2.09, a current ratio of 4.14 and a debt-to-equity ratio of -5.96. TransDigm Group has a 1 year low of $249.57 and a 1 year high of $377.67. The company has a market cap of $18.79 billion, a price-to-earnings ratio of 29.64, a P/E/G ratio of 1.85 and a beta of 0.85.
In other TransDigm Group news, insider Roger Jones sold 5,000 shares of TransDigm Group stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $323.78, for a total transaction of $1,618,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Skulina sold 10,000 shares of TransDigm Group stock in a transaction on Monday, June 11th. The stock was sold at an average price of $342.53, for a total transaction of $3,425,300.00. Following the transaction, the insider now directly owns 14,000 shares of the company’s stock, valued at $4,795,420. The disclosure for this sale can be found here. Insiders have sold 43,800 shares of company stock valued at $15,097,846 over the last ninety days. 11.45% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of TDG. Smithfield Trust Co. boosted its stake in TransDigm Group by 800.0% during the second quarter. Smithfield Trust Co. now owns 315 shares of the aerospace company’s stock worth $108,000 after buying an additional 280 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in TransDigm Group by 45.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 646 shares of the aerospace company’s stock worth $177,000 after buying an additional 202 shares during the period. Piedmont Investment Advisors LLC purchased a new position in TransDigm Group during the second quarter worth $190,000. JMG Financial Group Ltd. purchased a new position in TransDigm Group during the second quarter worth $203,000. Finally, BB&T Securities LLC purchased a new position in TransDigm Group during the second quarter worth $204,000.
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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