TransDigm Group Incorporated (NYSE:TDG)‘s stock had its “buy” rating reiterated by stock analysts at Royal Bank of Canada in a research note issued on Friday. They presently have a $316.00 price target on the aerospace company’s stock. Royal Bank of Canada’s target price points to a potential upside of 27.52% from the stock’s previous close.
Several other equities analysts have also commented on the company. Zacks Investment Research raised TransDigm Group from a “sell” rating to a “buy” rating and set a $272.00 price objective for the company in a research report on Monday. Canaccord Genuity reaffirmed a “buy” rating and issued a $300.00 price target on shares of TransDigm Group in a research report on Wednesday, May 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $298.00 price target on shares of TransDigm Group in a research report on Monday, May 8th. Deutsche Bank AG reaffirmed a “neutral” rating on shares of TransDigm Group in a research report on Friday, April 14th. Finally, Stephens initiated coverage on TransDigm Group in a research report on Thursday, April 13th. They issued an “equal weight” rating and a $233.00 price target for the company. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $282.18.
Shares of TransDigm Group (NYSE:TDG) traded up 3.13% during mid-day trading on Friday, hitting $255.56. The company had a trading volume of 2,130,617 shares. The stock’s 50-day moving average is $240.26 and its 200-day moving average is $244.75. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 29.00 and a beta of 0.49. TransDigm Group has a 52-week low of $203.72 and a 52-week high of $294.38.
TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, May 9th. The aerospace company reported $3.02 EPS for the quarter, beating the consensus estimate of $2.85 by $0.17. The business had revenue of $873.23 million during the quarter, compared to analyst estimates of $894.37 million. TransDigm Group had a negative return on equity of 58.47% and a net margin of 13.91%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.86 earnings per share. Equities analysts forecast that TransDigm Group will post $12.26 earnings per share for the current year.
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In other TransDigm Group news, VP Robert S. Henderson sold 10,000 shares of the business’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $251.06, for a total transaction of $2,510,600.00. Following the completion of the sale, the vice president now directly owns 35,000 shares in the company, valued at approximately $8,787,100. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert J. Small purchased 104,967 shares of the business’s stock in a transaction on Tuesday, March 14th. The shares were purchased at an average price of $232.95 per share, with a total value of $24,452,062.65. Following the completion of the purchase, the director now owns 32,713 shares in the company, valued at $7,620,493.35. The disclosure for this purchase can be found here. In the last three months, insiders sold 22,000 shares of company stock valued at $5,498,540. 10.52% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. Latimer Light Capital L.P. increased its stake in TransDigm Group by 45.4% in the third quarter. Latimer Light Capital L.P. now owns 102,418 shares of the aerospace company’s stock worth $29,611,000 after buying an additional 31,989 shares in the last quarter. BB&T Securities LLC purchased a new stake in TransDigm Group during the third quarter worth about $228,000. East Coast Asset Management LLC. increased its stake in TransDigm Group by 0.6% in the third quarter. East Coast Asset Management LLC. now owns 22,847 shares of the aerospace company’s stock worth $6,606,000 after buying an additional 130 shares in the last quarter. Ameriprise Financial Inc. increased its stake in TransDigm Group by 1.1% in the third quarter. Ameriprise Financial Inc. now owns 19,646 shares of the aerospace company’s stock worth $5,680,000 after buying an additional 208 shares in the last quarter. Finally, Oak Ridge Investments LLC increased its stake in TransDigm Group by 0.5% in the third quarter. Oak Ridge Investments LLC now owns 39,024 shares of the aerospace company’s stock worth $11,283,000 after buying an additional 178 shares in the last quarter.
TransDigm Group Company Profile
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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