An issue of TransDigm Group Incorporated (NYSE:TDG) debt rose 2.1% as a percentage of its face value during trading on Tuesday. The high-yield debt issue has a 7.5% coupon and is set to mature on March 15, 2027. The debt is now trading at $101.13. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.
TDG has been the subject of a number of recent research reports. Robert W. Baird downgraded shares of TransDigm Group from an “outperform” rating to a “neutral” rating and set a $365.00 price objective for the company. in a research note on Thursday, October 11th. SunTrust Banks lifted their price target on shares of TransDigm Group to $436.00 and gave the stock a “buy” rating in a report on Thursday, October 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $355.00 price target on shares of TransDigm Group in a report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $377.07.
Shares of TDG traded up $15.44 during trading hours on Tuesday, reaching $418.07. 805,082 shares of the company traded hands, compared to its average volume of 376,778. The firm has a market capitalization of $22.41 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. TransDigm Group Incorporated has a 12-month low of $268.40 and a 12-month high of $428.75.
In related news, insider James Skulina sold 15,000 shares of the business’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $345.46, for a total transaction of $5,181,900.00. Following the completion of the transaction, the insider now directly owns 19,000 shares in the company, valued at $6,563,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of TDG. Allen Operations LLC acquired a new position in shares of TransDigm Group during the 4th quarter worth about $940,000. Smith Salley & Associates raised its position in shares of TransDigm Group by 3.7% during the 4th quarter. Smith Salley & Associates now owns 17,035 shares of the aerospace company’s stock worth $5,792,000 after purchasing an additional 609 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of TransDigm Group by 21.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 26,744 shares of the aerospace company’s stock worth $9,096,000 after purchasing an additional 4,775 shares during the last quarter. Country Trust Bank raised its position in shares of TransDigm Group by 13.9% during the 4th quarter. Country Trust Bank now owns 80,187 shares of the aerospace company’s stock worth $27,268,000 after purchasing an additional 9,804 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of TransDigm Group by 1.3% during the 4th quarter. M&T Bank Corp now owns 6,060 shares of the aerospace company’s stock worth $2,060,000 after purchasing an additional 76 shares during the last quarter.
TransDigm Group Company Profile (NYSE:TDG)
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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