TransDigm Group (NYSE:TDG) Rating Reiterated by Cowen

Cowen reiterated their buy rating on shares of TransDigm Group (NYSE:TDG) in a research report report published on Wednesday morning, AnalystRatings.com reports. Cowen currently has a $590.00 target price on the aerospace company’s stock.

A number of other research firms have also recently commented on TDG. UBS Group raised their target price on TransDigm Group to $605.00 and gave the company a buy rating in a research report on Wednesday, August 7th. Jefferies Financial Group raised their target price on TransDigm Group from $480.00 to $550.00 and gave the company a hold rating in a research report on Thursday, August 15th. Berenberg Bank set a $540.00 target price on TransDigm Group and gave the company a buy rating in a research report on Thursday, June 13th. Credit Suisse Group raised their target price on TransDigm Group from $539.00 to $617.00 and gave the company an outperform rating in a research report on Wednesday, August 7th. Finally, Barclays set a $610.00 target price on TransDigm Group and gave the company a buy rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of $546.25.

NYSE:TDG opened at $527.26 on Wednesday. TransDigm Group has a 52 week low of $307.36 and a 52 week high of $555.27. The stock has a market capitalization of $28.31 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 2.49 and a beta of 0.97. The stock’s 50-day moving average price is $523.91 and its 200-day moving average price is $481.68.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 6th. The aerospace company reported $4.95 EPS for the quarter, beating the Zacks’ consensus estimate of $4.01 by $0.94. TransDigm Group had a negative return on equity of 59.21% and a net margin of 15.26%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm earned $3.59 EPS. The company’s quarterly revenue was up 69.1% on a year-over-year basis. As a group, equities research analysts expect that TransDigm Group will post 16.92 earnings per share for the current year.

The business also recently declared a dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 16th were paid a $30.00 dividend. The ex-dividend date of this dividend was Thursday, August 15th.

In related news, Chairman W Nicholas Howley sold 17,083 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $480.46, for a total value of $8,207,698.18. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Robert S. Henderson sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $538.71, for a total transaction of $8,080,650.00. Following the completion of the transaction, the vice president now directly owns 40,000 shares in the company, valued at $21,548,400. The disclosure for this sale can be found here. Insiders sold a total of 291,933 shares of company stock worth $154,862,065 over the last ninety days. 11.89% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meridian Wealth Management LLC lifted its stake in TransDigm Group by 22.0% in the 2nd quarter. Meridian Wealth Management LLC now owns 444 shares of the aerospace company’s stock worth $215,000 after purchasing an additional 80 shares in the last quarter. Pennant Investors LP lifted its stake in TransDigm Group by 5.0% in the 1st quarter. Pennant Investors LP now owns 42,300 shares of the aerospace company’s stock worth $19,204,000 after purchasing an additional 2,000 shares in the last quarter. Goodnow Investment Group LLC lifted its stake in TransDigm Group by 33.8% in the 2nd quarter. Goodnow Investment Group LLC now owns 102,880 shares of the aerospace company’s stock worth $49,773,000 after purchasing an additional 25,990 shares in the last quarter. Creative Planning lifted its stake in TransDigm Group by 48.7% in the 2nd quarter. Creative Planning now owns 2,845 shares of the aerospace company’s stock worth $1,376,000 after purchasing an additional 932 shares in the last quarter. Finally, Rational Advisors LLC lifted its stake in TransDigm Group by 206.0% in the 1st quarter. Rational Advisors LLC now owns 3,400 shares of the aerospace company’s stock worth $1,544,000 after purchasing an additional 2,289 shares in the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The 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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Analyst Recommendations for TransDigm Group (NYSE:TDG)

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