Transdigm Group Incorporated (NYSE:TDG) had its price target raised by Credit Suisse Group from $294.54 to $320.00 in a report released on Friday. Credit Suisse Group currently has an outperform rating on the aerospace company’s stock.
Several other research firms have also commented on TDG. Cowen and Company restated a market perform rating and issued a $290.00 price target (up previously from $219.00) on shares of Transdigm Group in a report on Thursday, August 10th. Vertical Research restated a buy rating and issued a $316.00 price target (up previously from $280.00) on shares of Transdigm Group in a report on Thursday, August 10th. Wolfe Research upgraded shares of Transdigm Group from a market perform rating to an outperform rating in a report on Friday. Jefferies Group LLC boosted their price target on shares of Transdigm Group from $283.00 to $322.00 and gave the company a buy rating in a report on Thursday, August 3rd. Finally, Canaccord Genuity restated a buy rating and issued a $330.00 price target (up previously from $300.00) on shares of Transdigm Group in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $295.11.
Shares of Transdigm Group (NYSE:TDG) opened at $267.00 on Friday. Transdigm Group has a twelve month low of $203.72 and a twelve month high of $295.00. The firm has a market cap of $13,890.41, a PE ratio of 22.42, a P/E/G ratio of 2.21 and a beta of 0.50. The company has a current ratio of 3.27, a quick ratio of 2.25 and a debt-to-equity ratio of -5.71.
Transdigm Group (NYSE:TDG) last announced its quarterly earnings data on Thursday, November 9th. The aerospace company reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.30. Transdigm Group had a net margin of 12.44% and a negative return on equity of 34.08%. The company had revenue of $923.89 million during the quarter, compared to analyst estimates of $959.77 million. During the same quarter last year, the business posted $3.29 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. equities analysts forecast that Transdigm Group will post 12.76 earnings per share for the current fiscal year.
In related news, VP Robert S. Henderson sold 15,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $263.74, for a total value of $3,956,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $277.56, for a total transaction of $1,665,360.00. Following the completion of the transaction, the director now owns 75,701 shares of the company’s stock, valued at $21,011,569.56. The disclosure for this sale can be found here. Insiders sold a total of 33,000 shares of company stock worth $8,729,280 over the last ninety days. Insiders own 10.52% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of TDG. OppenheimerFunds Inc. lifted its stake in shares of Transdigm Group by 19.8% in the 1st quarter. OppenheimerFunds Inc. now owns 1,702 shares of the aerospace company’s stock valued at $375,000 after purchasing an additional 281 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Transdigm Group by 5.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 1,830 shares of the aerospace company’s stock valued at $403,000 after purchasing an additional 90 shares during the period. Dimensional Fund Advisors LP raised 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 period. Bank of Montreal Can raised 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 period. Finally, National Pension Service raised 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 period.
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.
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