TransDigm Group (TDG) Sets New 12-Month High and Low at $331.19

TransDigm Group (NYSE:TDG)’s share price hit a new 52-week high and low during trading on Friday . The company traded as low as $331.19 and last traded at $328.58, with a volume of 109917 shares traded. The stock had previously closed at $329.06.

A number of equities analysts have commented on the stock. Morgan Stanley upped their price objective on shares of TransDigm Group from $306.00 to $321.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 12th. Bank of America upped their price objective on shares of TransDigm Group from $305.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Robert W. Baird upped their price objective on shares of TransDigm Group from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Credit Suisse Group restated an “outperform” rating and set a $337.00 price objective (up previously from $320.00) on shares of TransDigm Group in a research report on Wednesday, February 7th. Finally, Jefferies Group set a $323.00 price objective on shares of TransDigm Group and gave the stock a “hold” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. TransDigm Group currently has an average rating of “Buy” and an average price target of $326.57.

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The company has a current ratio of 2.76, a quick ratio of 1.86 and a debt-to-equity ratio of -4.38. The firm has a market cap of $17,035.31, a PE ratio of 27.45, a PEG ratio of 1.67 and a beta of 0.78.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.64 by ($0.21). The company had revenue of $847.96 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.57 EPS. analysts expect that TransDigm Group will post 16.69 earnings per share for the current year.

In related news, CEO W Nicholas Howley sold 9,500 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $295.00, for a total value of $2,802,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Alex Feil sold 5,444 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $280.85, for a total transaction of $1,528,947.40. Following the completion of the sale, the insider now directly owns 5,444 shares in the company, valued at $1,528,947.40. The disclosure for this sale can be found here. Insiders sold a total of 88,644 shares of company stock valued at $26,937,612 in the last quarter. Insiders own 10.52% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in TransDigm Group by 1.2% in the 4th quarter. BlackRock Inc. now owns 4,156,622 shares of the aerospace company’s stock valued at $1,141,491,000 after acquiring an additional 48,978 shares during the last quarter. Windacre Partnership LLC grew its stake in TransDigm Group by 14.5% in the 4th quarter. Windacre Partnership LLC now owns 885,200 shares of the aerospace company’s stock valued at $243,094,000 after acquiring an additional 112,100 shares during the last quarter. Viking Global Investors LP acquired a new stake in TransDigm Group in the 4th quarter valued at about $157,994,000. Geode Capital Management LLC grew its stake in TransDigm Group by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 491,939 shares of the aerospace company’s stock valued at $134,797,000 after acquiring an additional 15,020 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in TransDigm Group by 25.1% in the 4th quarter. Bank of New York Mellon Corp now owns 414,268 shares of the aerospace company’s stock valued at $113,765,000 after acquiring an additional 83,180 shares during the last quarter.

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TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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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