TransDigm Group (TDG) Rating Increased to Hold at Stephens

TransDigm Group (NYSE:TDG) was upgraded by investment analysts at Stephens to a “hold” rating in a research note issued to investors on Thursday.

TDG has been the topic of a number of other research reports. Robert W. Baird boosted their price objective on shares of TransDigm Group from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Credit Suisse Group boosted their target price on shares of TransDigm Group from $294.54 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Wolfe Research raised shares of TransDigm Group from a “market perform” rating to an “outperform” rating in a research report on Friday, November 10th. SunTrust Banks reissued a “buy” rating and issued a $307.00 target price on shares of TransDigm Group in a research report on Friday, November 10th. Finally, Royal Bank of Canada set a $346.00 target price on shares of TransDigm Group and gave the stock a “buy” rating in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. TransDigm Group has a consensus rating of “Buy” and an average price target of $311.71.

TransDigm Group (TDG) opened at $292.99 on Thursday. The firm has a market cap of $15,278.90, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 1.50 and a beta of 0.77. TransDigm Group has a 1-year low of $203.72 and a 1-year high of $321.38. The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of -4.38.

TransDigm Group (NYSE:TDG) last posted 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 business had revenue of $847.96 million for the quarter, compared to analyst estimates of $860.12 million. TransDigm Group had a net margin of 18.95% and a negative return on equity of 27.70%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.57 EPS. equities research analysts expect that TransDigm Group will post 16.69 earnings per share for the current year.

In related news, Director Michael Graff sold 1,872 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $278.92, for a total transaction of $522,138.24. Following the completion of the sale, the director now owns 9,482 shares of the company’s stock, valued at approximately $2,644,719.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Raymond F. Laubenthal sold 11,900 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $295.87, for a total transaction of $3,520,853.00. Following the sale, the director now directly owns 81,718 shares of the company’s stock, valued at approximately $24,177,904.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,116 shares of company stock valued at $13,700,694. Insiders own 10.52% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB boosted its stake in TransDigm Group by 5.4% during the 4th quarter. Xact Kapitalforvaltning AB now owns 14,583 shares of the aerospace company’s stock valued at $4,005,000 after purchasing an additional 752 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in TransDigm Group by 4.6% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,344 shares of the aerospace company’s stock valued at $7,509,000 after purchasing an additional 1,196 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in TransDigm Group by 58.0% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,723 shares of the aerospace company’s stock valued at $748,000 after purchasing an additional 1,000 shares during the period. MetLife Investment Advisors LLC acquired a new position in TransDigm Group during the 4th quarter valued at about $4,106,000. Finally, Gotham Asset Management LLC boosted its stake in TransDigm Group by 7.5% during the 4th quarter. Gotham Asset Management LLC now owns 65,581 shares of the aerospace company’s stock valued at $18,010,000 after purchasing an additional 4,553 shares during the period.

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TransDigm Group Company Profile

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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