Stephens Upgrades TransDigm Group (NYSE:TDG) to Equal Weight

Stephens upgraded shares of TransDigm Group (NYSE:TDG) from an underweight rating to an equal weight rating in a research report sent to investors on Thursday, February 8th, Marketbeat.com reports. The firm currently has $275.00 price target on the aerospace company’s stock.

A number of other research firms have also issued reports on TDG. Credit Suisse Group lifted their target price on TransDigm Group from $294.54 to $320.00 and gave the stock an outperform rating in a report on Friday, November 10th. Canaccord Genuity decreased their price target on TransDigm Group from $330.00 to $315.00 and set a buy rating for the company in a research report on Friday, November 10th. Royal Bank of Canada set a $346.00 price target on TransDigm Group and gave the company a buy rating in a research report on Thursday, November 16th. JPMorgan Chase & Co. downgraded TransDigm Group from a neutral rating to an underweight rating in a research note on Tuesday, December 12th. Finally, Cowen reaffirmed a hold rating and issued a $290.00 price target on shares of TransDigm Group in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. TransDigm Group currently has an average rating of Buy and a consensus price target of $309.94.

Shares of TransDigm Group (TDG) traded up $4.84 on Thursday, reaching $295.23. The company had a trading volume of 138,939 shares, compared to its average volume of 478,891. TransDigm Group has a 52-week low of $203.72 and a 52-week high of $321.38. The company has a market capitalization of $14,917.71, a PE ratio of 24.24, a PEG ratio of 1.42 and a beta of 0.77. The company has a debt-to-equity ratio of -4.38, a current ratio of 2.76 and a quick ratio of 1.86.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.64 by ($0.21). The company had revenue of $847.96 million during the quarter, compared to analyst estimates of $860.12 million. TransDigm Group had a negative return on equity of 27.70% and a net margin of 18.95%. TransDigm Group’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.57 earnings per share. sell-side analysts predict that TransDigm Group will post 17.2 EPS for the current year.

In related news, Director Michael Graff sold 1,872 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $278.92, for a total transaction of $522,138.24. Following the completion of the transaction, the director now directly owns 9,482 shares of the company’s stock, valued at $2,644,719.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alex Feil sold 5,444 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $280.85, for a total value of $1,528,947.40. Following the completion of the sale, the insider now owns 5,444 shares in the company, valued at approximately $1,528,947.40. The disclosure for this sale can be found here. Insiders have sold 30,216 shares of company stock valued at $8,709,319 over the last ninety days. 10.52% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in TDG. APG Asset Management N.V. increased its stake in shares of TransDigm Group by 0.8% during the third quarter. APG Asset Management N.V. now owns 223,329 shares of the aerospace company’s stock worth $57,094,000 after purchasing an additional 1,700 shares during the period. Vident Investment Advisory LLC increased its stake in shares of TransDigm Group by 75.4% during the third quarter. Vident Investment Advisory LLC now owns 1,179 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 507 shares during the period. Aperio Group LLC increased its stake in shares of TransDigm Group by 16.4% during the third quarter. Aperio Group LLC now owns 22,136 shares of the aerospace company’s stock worth $5,659,000 after purchasing an additional 3,122 shares during the period. Allen Investment Management LLC increased its stake in shares of TransDigm Group by 4.7% during the third quarter. Allen Investment Management LLC now owns 403,787 shares of the aerospace company’s stock worth $103,228,000 after purchasing an additional 17,946 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of TransDigm Group by 2,214.1% during the third quarter. First Trust Advisors LP now owns 48,041 shares of the aerospace company’s stock worth $12,282,000 after purchasing an additional 45,965 shares during the period.

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About TransDigm Group

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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