Trade Report: The TransDigm Group Inc. (TDG) Stock Rating Reaffirmed by Wolfe Research

The TransDigm Group Inc. (TDG) Stock Rating Reaffirmed by Wolfe Research

TransDigm Group Inc. (NYSE:TDG)‘s stock had its “market perform” rating reissued by equities research analysts at Wolfe Research in a report released on Friday.

TDG has been the topic of a number of other reports. Barclays PLC lifted their price objective on TransDigm Group from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, June 22nd. Deutsche Bank AG lifted their price objective on TransDigm Group from $260.00 to $300.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. Jefferies Group set a $340.00 price objective on TransDigm Group and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research cut TransDigm Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, Morgan Stanley assumed coverage on TransDigm Group in a report on Thursday, June 23rd. They issued an “equal weight” rating and a $287.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $288.18.

TransDigm Group (NYSE:TDG) opened at 280.90 on Friday. TransDigm Group has a one year low of $180.76 and a one year high of $294.38. The company has a market cap of $14.96 billion, a PE ratio of 29.71 and a beta of 0.72. The stock has a 50 day moving average of $286.00 and a 200 day moving average of $261.16.

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TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $3.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.82 by $0.27. TransDigm Group had a negative return on equity of 62.15% and a net margin of 17.25%. The firm had revenue of $797.70 million for the quarter, compared to analysts’ expectations of $805.23 million. During the same period in the previous year, the firm earned $2.26 EPS. The business’s quarterly revenue was up 15.4% on a year-over-year basis. On average, analysts anticipate that TransDigm Group will post $11.39 earnings per share for the current fiscal year.

In other news, insider Roger Jones sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $285.92, for a total transaction of $2,144,400.00. Following the transaction, the insider now owns 11,500 shares of the company’s stock, valued at approximately $3,288,080. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bernt G. Iversen II sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $287.16, for a total value of $2,871,600.00. Following the transaction, the insider now directly owns 15,010 shares in the company, valued at approximately $4,310,271.60. The disclosure for this sale can be found here. Insiders own 9.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TDG. Fifth Third Bancorp increased its position in shares of TransDigm Group by 2.1% in the second quarter. Fifth Third Bancorp now owns 578 shares of the company’s stock valued at $152,000 after buying an additional 12 shares during the period. Advisory Services Network LLC increased its position in shares of TransDigm Group by 341.5% in the second quarter. Advisory Services Network LLC now owns 702 shares of the company’s stock valued at $185,000 after buying an additional 543 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of TransDigm Group during the second quarter valued at approximately $196,000. Global X Management Co. LLC increased its position in shares of TransDigm Group by 75.1% in the second quarter. Global X Management Co. LLC now owns 795 shares of the company’s stock valued at $210,000 after buying an additional 341 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in shares of TransDigm Group during the second quarter valued at approximately $211,000. 87.73% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Company Profile

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