Jefferies Group set a $306.00 price target on TransDigm Group Inc. (NYSE:TDG) in a research note issued to investors on Thursday. The brokerage currently has a buy rating on the stock.
Several other research firms have also recently weighed in on TDG. Barclays PLC boosted their price objective on TransDigm Group from $300.00 to $310.00 and gave the stock an overweight rating in a research report on Wednesday, August 10th. Vertical Research started coverage on TransDigm Group in a research note on Friday, October 28th. They issued a buy rating on the stock. Canaccord Genuity restated a buy rating and issued a $325.00 target price on shares of TransDigm Group in a research note on Wednesday, September 7th. Zacks Investment Research lowered TransDigm Group from a hold rating to a sell rating in a research note on Tuesday, October 4th. Finally, Robert W. Baird started coverage on TransDigm Group in a research note on Wednesday, October 5th. They issued an outperform rating and a $341.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. TransDigm Group currently has a consensus rating of Hold and an average price target of $262.33.
Shares of TransDigm Group (NYSE:TDG) opened at 258.48 on Thursday. TransDigm Group has a 12-month low of $180.76 and a 12-month high of $294.38. The stock’s 50 day moving average price is $267.57 and its 200 day moving average price is $272.01. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 24.88 and a beta of 0.61.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Monday, November 14th. The company reported $3.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.20 by $0.09. TransDigm Group had a negative return on equity of 71.44% and a net margin of 17.30%. The business had revenue of $875.20 million for the quarter, compared to analysts’ expectations of $884.26 million. During the same quarter in the previous year, the firm earned $2.83 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Equities research analysts expect that TransDigm Group will post $12.30 earnings per share for the current year.
The company also recently disclosed a special dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 24th were issued a $24.00 dividend. The ex-dividend date was Thursday, October 20th.
In other news, VP Robert S. Henderson sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $271.09, for a total value of $2,710,900.00. Following the completion of the transaction, the vice president now directly owns 20,000 shares in the company, valued at approximately $5,421,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Roger Jones sold 7,500 shares of the company’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $285.92, for a total value of $2,144,400.00. Following the completion of the transaction, the insider now owns 11,500 shares of the company’s stock, valued at $3,288,080. The disclosure for this sale can be found here. 9.30% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of TDG. State Street Corp boosted its position in TransDigm Group by 99.8% in the second quarter. State Street Corp now owns 2,040,202 shares of the company’s stock worth $537,981,000 after buying an additional 1,019,026 shares during the last quarter. Vanguard Group Inc. boosted its position in TransDigm Group by 23.9% in the second quarter. Vanguard Group Inc. now owns 4,519,006 shares of the company’s stock worth $1,191,617,000 after buying an additional 873,098 shares during the last quarter. Matrix Capital Management Company LP purchased a new position in TransDigm Group during the third quarter worth about $178,613,000. FMR LLC boosted its position in TransDigm Group by 37.4% in the second quarter. FMR LLC now owns 2,076,176 shares of the company’s stock worth $547,466,000 after buying an additional 564,864 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in TransDigm Group during the second quarter worth about $87,082,000.
About TransDigm Group