TransDigm Group Incorporated (NYSE:TDG) has earned a consensus recommendation of “Buy” from the fourteen brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $540.42.
TDG has been the topic of several analyst reports. Berenberg Bank set a $540.00 price target on shares of TransDigm Group and gave the stock a “buy” rating in a report on Thursday, June 13th. Canaccord Genuity reaffirmed a “buy” rating and issued a $520.00 price target (up from $460.00) on shares of TransDigm Group in a report on Wednesday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of TransDigm Group from $465.00 to $515.00 and gave the stock an “underweight” rating in a report on Tuesday, May 14th. Barclays set a $610.00 price objective on shares of TransDigm Group and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Credit Suisse Group boosted their price objective on shares of TransDigm Group from $539.00 to $617.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th.
NYSE TDG traded down $8.73 on Friday, hitting $521.53. The stock had a trading volume of 261,081 shares, compared to its average volume of 359,061. The business’s fifty day moving average price is $505.90 and its 200 day moving average price is $468.92. TransDigm Group has a 52-week low of $307.36 and a 52-week high of $555.27. The stock has a market cap of $28.28 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 2.49 and a beta of 1.06.
TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $4.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.01 by $0.94. TransDigm Group had a net margin of 15.26% and a negative return on equity of 59.21%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company earned $3.59 earnings per share. The business’s revenue for the quarter was up 69.1% on a year-over-year basis. On average, analysts predict that TransDigm Group will post 16.92 EPS for the current fiscal year.
The business also recently disclosed a dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 16th were issued a dividend of $30.00 per share. The ex-dividend date was Thursday, August 15th.
In other news, insider Bernt G. Iversen II sold 8,333 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $536.99, for a total transaction of $4,474,737.67. Following the sale, the insider now directly owns 12,643 shares of the company’s stock, valued at $6,789,164.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert J. Small sold 151,458 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $534.78, for a total transaction of $80,996,709.24. The disclosure for this sale can be found here. Insiders have sold 283,700 shares of company stock worth $149,218,718 over the last three months. Corporate 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 the stock. Vanguard Group Inc. lifted its position in TransDigm Group by 1.9% during the second quarter. Vanguard Group Inc. now owns 5,120,651 shares of the aerospace company’s stock valued at $2,477,370,000 after purchasing an additional 94,963 shares during the period. BlackRock Inc. lifted its position in TransDigm Group by 3.6% during the second quarter. BlackRock Inc. now owns 3,697,541 shares of the aerospace company’s stock valued at $1,788,870,000 after purchasing an additional 127,743 shares during the period. FMR LLC lifted its position in TransDigm Group by 52.7% during the first quarter. FMR LLC now owns 2,237,571 shares of the aerospace company’s stock valued at $1,015,836,000 after purchasing an additional 771,898 shares during the period. Windacre Partnership LLC lifted its position in TransDigm Group by 5.9% during the second quarter. Windacre Partnership LLC now owns 1,238,000 shares of the aerospace company’s stock valued at $598,944,000 after purchasing an additional 69,100 shares during the period. Finally, Invesco Ltd. lifted its position in TransDigm Group by 10.5% during the second quarter. Invesco Ltd. now owns 689,545 shares of the aerospace company’s stock valued at $333,602,000 after purchasing an additional 65,794 shares during the period. Institutional investors own 99.76% of the company’s stock.
TransDigm Group Company Profile
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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