Transdigm Group Incorporated (NYSE:TDG) Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $254.19, for a total value of $1,525,140.00. Following the transaction, the director now owns 75,701 shares of the company’s stock, valued at $19,242,437.19. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Transdigm Group Incorporated (TDG) opened at 259.25 on Thursday. The stock has a market cap of $13.46 billion, a PE ratio of 28.81 and a beta of 0.54. The company’s 50-day moving average price is $269.22 and its 200 day moving average price is $257.59. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $295.00.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.32. The firm had revenue of $907.67 million during the quarter, compared to the consensus estimate of $903.99 million. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. Transdigm Group’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.09 earnings per share. Equities analysts forecast that Transdigm Group Incorporated will post $12.30 EPS for the current fiscal year.
The firm also recently declared a special dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, September 5th were issued a $22.00 dividend. The ex-dividend date of this dividend was Thursday, August 31st.
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A number of equities analysts recently commented on TDG shares. Canaccord Genuity restated a “buy” rating and set a $300.00 target price on shares of Transdigm Group in a report on Thursday, May 25th. Zacks Investment Research cut Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Jefferies Group LLC restated a “buy” rating on shares of Transdigm Group in a report on Tuesday, June 6th. Robert W. Baird restated an “outperform” rating and set a $300.00 target price (up from $262.00) on shares of Transdigm Group in a report on Tuesday, June 6th. Finally, Deutsche Bank AG restated a “buy” rating and set a $305.00 target price on shares of Transdigm Group in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $295.05.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sentry Investment Management LLC boosted its holdings in Transdigm Group by 1.1% in the second quarter. Sentry Investment Management LLC now owns 3,683 shares of the aerospace company’s stock valued at $990,000 after purchasing an additional 40 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Transdigm Group by 23.6% in the second quarter. Toronto Dominion Bank now owns 16,616 shares of the aerospace company’s stock valued at $4,467,000 after purchasing an additional 3,168 shares during the last quarter. Colony Group LLC boosted its holdings in Transdigm Group by 1.9% in the second quarter. Colony Group LLC now owns 8,135 shares of the aerospace company’s stock valued at $2,187,000 after purchasing an additional 152 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in Transdigm Group by 113.8% in the second quarter. Nomura Holdings Inc. now owns 3,640 shares of the aerospace company’s stock valued at $979,000 after purchasing an additional 30,101 shares during the last quarter. Finally, DF Dent & Co. Inc. boosted its holdings in Transdigm Group by 3.6% in the second quarter. DF Dent & Co. Inc. now owns 246,733 shares of the aerospace company’s stock valued at $66,339,000 after purchasing an additional 8,508 shares during 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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