Transdigm Group Incorporated (TDG) Downgraded by Jefferies Group LLC to “Hold”
Jefferies Group LLC cut shares of Transdigm Group Incorporated (NYSE:TDG) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning. Jefferies Group LLC currently has $280.00 price objective on the aerospace company’s stock, down from their previous price objective of $322.00. Jefferies Group also issued estimates for Transdigm Group’s Q4 2017 earnings at $2.90 EPS.
Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity restated a buy rating and issued a $300.00 price target on shares of Transdigm Group in a report on Thursday, May 25th. Zacks Investment Research cut Transdigm Group from a buy rating to a hold rating in a report on Monday, August 14th. Vertical Research restated a buy rating and issued a $316.00 price target (up previously from $280.00) on shares of Transdigm Group in a report on Thursday, August 10th. BidaskClub cut Transdigm Group from a strong-buy rating to a buy rating in a report on Monday, July 31st. Finally, Morgan Stanley restated an equal weight rating and issued a $281.00 price target (up previously from $245.00) on shares of Transdigm Group in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $295.05.
Transdigm Group (NYSE:TDG) traded down 0.388% during trading on Wednesday, hitting $258.245. The stock had a trading volume of 305,152 shares. The stock’s 50 day moving average price is $269.22 and its 200 day moving average price is $257.59. The firm has a market cap of $13.41 billion, a P/E ratio of 28.694 and a beta of 0.54. Transdigm Group has a 12-month low of $203.72 and a 12-month high of $295.00.
Transdigm Group (NYSE:TDG) last released its quarterly earnings results 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 analysts’ expectations of $903.99 million. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.09 EPS. On average, analysts anticipate that Transdigm Group will post $12.30 EPS for the current fiscal year.
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The business also recently announced a special dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, September 5th were issued a dividend of $22.00 per share. The ex-dividend date of this dividend was Thursday, August 31st.
In other Transdigm Group news, Director Raymond F. Laubenthal sold 6,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $277.56, for a total transaction of $1,665,360.00. Following the transaction, the director now owns 75,701 shares of the company’s stock, valued at approximately $21,011,569.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jorge Valladares sold 100 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $276.00, for a total value of $27,600.00. Following the transaction, the insider now directly owns 9,100 shares in the company, valued at approximately $2,511,600. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,000 shares of company stock worth $6,549,337. Corporate insiders own 10.52% of the company’s stock.
Several institutional investors have recently modified their holdings of TDG. American Century Companies Inc. lifted its stake in shares of Transdigm Group by 3.7% during the 1st quarter. American Century Companies Inc. now owns 3,439 shares of the aerospace company’s stock worth $757,000 after purchasing an additional 122 shares during the period. Meadow Creek Investment Management LLC lifted its stake in shares of Transdigm Group by 37.7% during the 1st quarter. Meadow Creek Investment Management LLC now owns 1,606 shares of the aerospace company’s stock worth $354,000 after purchasing an additional 440 shares during the period. Karp Capital Management Corp purchased a new position in shares of Transdigm Group during the 1st quarter worth $4,113,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Transdigm Group by 28.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,685 shares of the aerospace company’s stock worth $811,000 after purchasing an additional 810 shares during the period. Finally, Eagle Asset Management Inc. purchased a new position in shares of Transdigm Group during the 1st quarter worth $1,379,000.
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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