Morgan Stanley Increases TransDigm Group (TDG) Price Target to $290.00
TransDigm Group (NYSE:TDG) had its price objective increased by Morgan Stanley from $265.00 to $290.00 in a report issued on Friday morning. They currently have an equal weight rating on the aerospace company’s stock.
A number of other brokerages have also issued reports on TDG. Bank of America boosted their price target on shares of TransDigm Group from $305.00 to $350.00 and gave the stock a buy rating in a research note on Thursday, February 8th. SunTrust Banks reiterated a buy rating on shares of TransDigm Group in a research note on Friday, January 19th. Jefferies Group restated a hold rating and set a $285.00 target price on shares of TransDigm Group in a research report on Monday, January 8th. Credit Suisse Group restated an outperform rating and set a $337.00 target price (up from $320.00) on shares of TransDigm Group in a research report on Wednesday, February 7th. Finally, Canaccord Genuity restated a buy rating and set a $330.00 target price on shares of TransDigm Group in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $309.94.
TransDigm Group (TDG) opened at $286.20 on Friday. TransDigm Group has a one year low of $203.72 and a one year high of $321.38. 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 stock has a market cap of $14,870.00, a PE ratio of 22.62, a PEG ratio of 1.62 and a beta of 0.77.
In other news, CEO W Nicholas Howley sold 63,776 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $268.60, for a total value of $17,130,233.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Raymond F. Laubenthal sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $263.94, for a total transaction of $1,583,640.00. Following the completion of the sale, the director now owns 75,818 shares in the company, valued at $20,011,402.92. The disclosure for this sale can be found here. Insiders have sold 99,992 shares of company stock worth $27,423,192 over the last 90 days. 11.45% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of TransDigm Group by 43.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519 shares of the aerospace company’s stock valued at $142,000 after purchasing an additional 158 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of TransDigm Group by 540.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 538 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 454 shares during the last quarter. Neville Rodie & Shaw Inc. acquired a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $205,000. Alps Advisors Inc. acquired a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $205,000. Finally, HighTower Advisors LLC acquired a new stake in shares of TransDigm Group in the second quarter valued at approximately $201,000.
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.
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