TransDigm Group (TDG) Bonds Rise 2.1% During Trading

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.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 5th. The aerospace company reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.42. The firm had revenue of $993.30 million for the quarter, compared to analyst estimates of $957.66 million. TransDigm Group had a net margin of 23.64% and a negative return on equity of 35.67%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.65 earnings per share. On average, equities research analysts forecast that TransDigm Group Incorporated will post 15.61 EPS for the current fiscal year.

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.

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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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