TransDigm Group Incorporated (NYSE:TDG) announced its quarterly earnings results on Tuesday. The aerospace company reported $3.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.17. TransDigm Group had a net margin of 13.91% and a negative return on equity of 58.47%. The company had revenue of $873.23 million during the quarter, compared to analyst estimates of $894.37 million. During the same quarter in the previous year, the business earned $2.86 EPS. The firm’s revenue was up 9.6% on a year-over-year basis.
Shares of TransDigm Group (NYSE:TDG) traded up 3.72% during trading on Friday, reaching $257.02. 1,601,964 shares of the company traded hands. The company has a market capitalization of $13.37 billion, a P/E ratio of 29.17 and a beta of 0.49. TransDigm Group has a 52 week low of $203.72 and a 52 week high of $294.38. The company’s 50-day moving average price is $240.26 and its 200-day moving average price is $244.75.
A number of brokerages recently weighed in on TDG. Vertical Group raised shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $278.00 target price for the company in a research note on Tuesday, March 14th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $297.00 target price on shares of TransDigm Group in a report on Friday, January 20th. Vetr raised shares of TransDigm Group from a “buy” rating to a “strong-buy” rating and set a $279.83 price target on the stock in a report on Monday, February 20th. Zacks Investment Research cut shares of TransDigm Group from a “buy” rating to a “sell” rating in a report on Monday, April 17th. Finally, Cowen and Company lowered shares of TransDigm Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $270.00 to $219.00 in a research report on Wednesday, March 22nd. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $282.18.
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In related news, Director Robert J. Small acquired 104,967 shares of TransDigm Group stock in a transaction dated Tuesday, March 14th. The shares were purchased at an average price of $232.95 per share, for a total transaction of $24,452,062.65. Following the completion of the transaction, the director now directly owns 32,713 shares in the company, valued at approximately $7,620,493.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joel Reiss sold 6,000 shares of TransDigm Group stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $252.99, for a total transaction of $1,517,940.00. Following the sale, the insider now owns 9,600 shares in the company, valued at approximately $2,428,704. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock worth $5,498,540 in the last quarter. Company insiders own 10.52% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Elgethun Capital Management bought a new stake in shares of TransDigm Group during the fourth quarter worth about $116,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of TransDigm Group by 3.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 499 shares of the aerospace company’s stock worth $126,000 after buying an additional 18 shares in the last quarter. First Capital Advisors Group LLC. purchased a new position in shares of TransDigm Group during the fourth quarter worth approximately $204,000. Flinton Capital Management LLC purchased a new position in shares of TransDigm Group during the fourth quarter worth approximately $211,000. Finally, Palisade Capital Management LLC NJ purchased a new position in shares of TransDigm Group during the first quarter worth approximately $220,000.
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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