TransDigm Group (TDG) Rating Reiterated by Barclays

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Barclays reiterated their buy rating on shares of TransDigm Group (NYSE:TDG) in a report published on Wednesday morning, AnalystRatings.com reports.

Other analysts have also issued research reports about the stock. Credit Suisse Group boosted their price target on shares of TransDigm Group from $476.00 to $539.00 and gave the company an outperform rating in a research report on Wednesday, May 8th. Longbow Research began coverage on shares of TransDigm Group in a research note on Tuesday, April 9th. They set a neutral rating for the company. JPMorgan Chase & Co. boosted their price objective on shares of TransDigm Group from $465.00 to $515.00 and gave the company an underweight rating in a research note on Tuesday, May 14th. Cowen reaffirmed a buy rating and set a $520.00 price objective (up previously from $460.00) on shares of TransDigm Group in a research note on Monday, March 25th. Finally, Canaccord Genuity reaffirmed a buy rating and set a $520.00 price objective (up previously from $460.00) on shares of TransDigm Group in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $454.64.

NYSE TDG opened at $457.75 on Wednesday. TransDigm Group has a 12-month low of $307.36 and a 12-month high of $489.95. The company has a market capitalization of $24.34 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 2.40 and a beta of 1.01.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.48. TransDigm Group had a net margin of 19.44% and a negative return on equity of 50.29%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm posted $3.79 earnings per share. The company’s quarterly revenue was up 28.2% compared to the same quarter last year. On average, sell-side analysts expect that TransDigm Group will post 16.12 EPS for the current year.

In related news, Director Mervin Dunn sold 8,944 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $432.28, for a total transaction of $3,866,312.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman W Nicholas Howley sold 17,083 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $430.45, for a total transaction of $7,353,377.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,793 shares of company stock valued at $31,178,900. 11.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in TDG. FMR LLC grew its stake in TransDigm Group by 52.7% in the 1st quarter. FMR LLC now owns 2,237,571 shares of the aerospace company’s stock worth $1,015,836,000 after buying an additional 771,898 shares in the last quarter. Windacre Partnership LLC grew its stake in TransDigm Group by 73.1% in the 4th quarter. Windacre Partnership LLC now owns 1,631,200 shares of the aerospace company’s stock worth $554,706,000 after buying an additional 688,700 shares in the last quarter. Norges Bank purchased a new position in TransDigm Group in the 4th quarter worth approximately $146,363,000. Primecap Management Co. CA grew its stake in TransDigm Group by 45.7% in the 1st quarter. Primecap Management Co. CA now owns 340,244 shares of the aerospace company’s stock worth $154,467,000 after buying an additional 106,794 shares in the last quarter. Finally, Goodnow Investment Group LLC purchased a new position in TransDigm Group in the 1st quarter worth approximately $34,907,000.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The 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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Analyst Recommendations for TransDigm Group (NYSE:TDG)

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