TransDigm Group (NYSE:TDG) PT Lowered to $560.00

TransDigm Group (NYSE:TDG) had its price objective cut by Morgan Stanley from $570.00 to $560.00 in a research note published on Thursday, BenzingaRatingsTable reports. They currently have an equal weight rating on the aerospace company’s stock.

Several other research analysts have also recently issued reports on TDG. SunTrust Banks lifted their target price on shares of TransDigm Group to $560.00 and gave the stock a buy rating in a report on Wednesday, August 7th. Credit Suisse Group lifted their target price on shares of TransDigm Group from $539.00 to $617.00 and gave the stock an outperform rating in a report on Wednesday, August 7th. ValuEngine cut shares of TransDigm Group from a buy rating to a hold rating in a report on Wednesday, October 2nd. UBS Group lifted their target price on shares of TransDigm Group to $605.00 and gave the stock a buy rating in a report on Wednesday, August 7th. Finally, Cowen reaffirmed a buy rating and issued a $590.00 target price on shares of TransDigm Group in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $561.82.

NYSE:TDG traded down $6.08 during mid-day trading on Thursday, hitting $518.70. 189,928 shares of the company’s stock were exchanged, compared to its average volume of 268,594. TransDigm Group has a one year low of $307.36 and a one year high of $555.27. The business has a fifty day moving average price of $522.76 and a 200 day moving average price of $490.10. The company has a market cap of $27.27 billion, a PE ratio of 30.53, a P/E/G ratio of 2.00 and a beta of 0.95.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $4.95 EPS for the quarter, topping the consensus estimate of $4.01 by $0.94. TransDigm Group had a net margin of 15.26% and a negative return on equity of 59.21%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm posted $3.59 earnings per share. TransDigm Group’s quarterly revenue was up 69.1% on a year-over-year basis. Equities analysts predict that TransDigm Group will post 16.92 earnings per share for the current fiscal year.

In other news, Chairman W Nicholas Howley sold 17,083 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $547.65, for a total transaction of $9,355,504.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James Skulina sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $509.52, for a total transaction of $2,547,600.00. Following the transaction, the executive vice president now directly owns 9,000 shares of the company’s stock, valued at $4,585,680. The disclosure for this sale can be found here. Insiders sold 296,933 shares of company stock valued at $157,914,980 over the last ninety days. Corporate insiders own 11.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of TransDigm Group by 1.9% during the second quarter. Vanguard Group Inc. now owns 5,120,651 shares of the aerospace company’s stock valued at $2,477,370,000 after purchasing an additional 94,963 shares during the last quarter. BlackRock Inc. raised its holdings in shares of TransDigm Group by 3.6% during the second quarter. BlackRock Inc. now owns 3,697,541 shares of the aerospace company’s stock valued at $1,788,870,000 after purchasing an additional 127,743 shares during the last quarter. FMR LLC raised its holdings in shares of TransDigm Group by 52.7% during the first quarter. FMR LLC now owns 2,237,571 shares of the aerospace company’s stock valued at $1,015,836,000 after purchasing an additional 771,898 shares during the last quarter. Windacre Partnership LLC raised its holdings in shares of TransDigm Group by 5.9% during the second quarter. Windacre Partnership LLC now owns 1,238,000 shares of the aerospace company’s stock valued at $598,944,000 after purchasing an additional 69,100 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of TransDigm Group by 10.5% during the second quarter. Invesco Ltd. now owns 689,545 shares of the aerospace company’s stock valued at $333,602,000 after purchasing an additional 65,794 shares during the last quarter. 99.60% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Company Profile

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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