TransDigm Group (TDG) Price Target Raised to $335.00 at SunTrust Banks

TransDigm Group (NYSE:TDG) had its price objective hoisted by SunTrust Banks to $335.00 in a research note issued to investors on Monday, The Fly reports. The firm currently has a “buy” rating on the aerospace company’s stock. SunTrust Banks’ price objective points to a potential upside of 8.34% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley upped their price objective on shares of TransDigm Group from $306.00 to $321.00 and gave the company an “equal weight” rating in a research report on Thursday. Royal Bank of Canada reissued a “buy” rating and issued a $356.00 price objective on shares of TransDigm Group in a research report on Friday, April 6th. Barclays began coverage on shares of TransDigm Group in a research report on Thursday, March 29th. They issued an “overweight” rating and a $382.00 price objective for the company. Finally, Stephens raised shares of TransDigm Group to a “hold” rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. TransDigm Group currently has an average rating of “Buy” and a consensus target price of $326.57.

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Shares of NYSE TDG opened at $309.22 on Monday. TransDigm Group has a 12-month low of $229.59 and a 12-month high of $321.38. The firm has a market capitalization of $16,140.14, a P/E ratio of 25.75, a P/E/G ratio of 1.58 and a beta of 0.77. The company has a debt-to-equity ratio of -4.38, a current ratio of 2.76 and a quick ratio of 1.86.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.21). The firm had revenue of $847.96 million during the quarter, compared to analysts’ expectations of $860.12 million. TransDigm Group had a net margin of 18.95% and a negative return on equity of 27.70%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.57 earnings per share. analysts forecast that TransDigm Group will post 16.69 earnings per share for the current year.

In other TransDigm Group news, EVP Roger Jones sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $294.50, for a total value of $1,472,500.00. Following the transaction, the executive vice president now owns 9,000 shares of the company’s stock, valued at $2,650,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raymond F. Laubenthal sold 11,900 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $295.87, for a total transaction of $3,520,853.00. Following the completion of the transaction, the director now directly owns 81,718 shares in the company, valued at approximately $24,177,904.66. The disclosure for this sale can be found here. Insiders have sold 78,894 shares of company stock worth $23,413,109 in the last ninety days. Corporate insiders own 11.45% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of TransDigm Group by 43.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519 shares of the aerospace company’s stock valued at $142,000 after purchasing an additional 158 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of TransDigm Group by 540.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 538 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 454 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of TransDigm Group by 45.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 646 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 202 shares during the period. Neville Rodie & Shaw Inc. acquired a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $205,000. Finally, Alps Advisors Inc. acquired a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $205,000.

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About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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.

The Fly

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