Cowen and Company Reiterates “Hold” Rating for Transdigm Group Incorporated (TDG)
Transdigm Group Incorporated (NYSE:TDG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Cowen and Company in a research note issued to investors on Thursday. They presently have a $290.00 price target on the aerospace company’s stock. Cowen and Company’s target price indicates a potential upside of 7.97% from the stock’s current price.
A number of other equities research analysts have also weighed in on the company. Robert W. Baird restated a “buy” rating and set a $300.00 price objective on shares of Transdigm Group in a research report on Thursday, October 12th. Zacks Investment Research lowered Transdigm Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. SunTrust Banks, Inc. restated a “buy” rating and set a $300.00 price objective on shares of Transdigm Group in a research report on Monday, October 2nd. Jefferies Group LLC lowered Transdigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $322.00 to $280.00 in a research report on Wednesday, September 20th. Finally, Canaccord Genuity restated a “buy” rating and set a $330.00 price objective on shares of Transdigm Group in a research report on Friday, September 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $295.58.
Transdigm Group (NYSE TDG) opened at 268.60 on Thursday. The company has a market cap of $13.94 billion, a PE ratio of 29.84 and a beta of 0.53. The company has a 50-day moving average price of $260.23 and a 200 day moving average price of $262.83. Transdigm Group has a 12-month low of $203.72 and a 12-month high of $295.00.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.32. The business had revenue of $907.67 million for the quarter, compared to analyst estimates of $903.99 million. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. Transdigm Group’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.09 EPS. On average, analysts forecast that Transdigm Group will post $12.30 EPS for the current fiscal year.
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In other news, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $254.19, for a total value of $1,525,140.00. Following the transaction, the director now directly owns 75,701 shares of the company’s stock, valued at approximately $19,242,437.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert S. Henderson sold 15,000 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $263.74, for a total value of $3,956,100.00. The disclosure for this sale can be found here. Insiders sold a total of 33,000 shares of company stock worth $8,729,280 over the last three months. 10.52% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the company. HPM Partners LLC lifted its stake in shares of Transdigm Group by 196.7% in the 2nd quarter. HPM Partners LLC now owns 5,739 shares of the aerospace company’s stock valued at $810,000 after purchasing an additional 3,805 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Transdigm Group by 14.6% in the 2nd quarter. Victory Capital Management Inc. now owns 25,758 shares of the aerospace company’s stock valued at $6,926,000 after purchasing an additional 3,273 shares during the period. Swiss National Bank lifted its stake in shares of Transdigm Group by 2.2% in the 2nd quarter. Swiss National Bank now owns 193,200 shares of the aerospace company’s stock valued at $51,946,000 after purchasing an additional 4,200 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Transdigm Group by 7.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 166,401 shares of the aerospace company’s stock valued at $44,741,000 after purchasing an additional 10,834 shares during the period. Finally, Calamos Advisors LLC lifted its stake in shares of Transdigm Group by 24.3% in the 2nd quarter. Calamos Advisors LLC now owns 14,231 shares of the aerospace company’s stock valued at $3,826,000 after purchasing an additional 2,779 shares during the period.
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.
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