Transdigm Group Incorporated (TDG) Rating Reiterated by Cowen and Company
Transdigm Group Incorporated (NYSE:TDG)‘s stock had its “market perform” rating reissued by stock analysts at Cowen and Company in a report issued on Thursday. They presently have a $290.00 price objective on the aerospace company’s stock, up from their previous price objective of $219.00. Cowen and Company’s target price would indicate a potential upside of 4.42% from the stock’s current price.
Several other research firms have also issued reports on TDG. Zacks Investment Research lowered Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. BidaskClub lowered Transdigm Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Canaccord Genuity restated a “buy” rating and issued a $300.00 price target on shares of Transdigm Group in a research report on Wednesday, May 10th. Deutsche Bank AG restated a “neutral” rating on shares of Transdigm Group in a research report on Friday, April 14th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $316.00 price target on shares of Transdigm Group in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $297.52.
Shares of Transdigm Group (TDG) traded down 0.98% during midday trading on Thursday, hitting $275.01. The stock had a trading volume of 123,919 shares. The stock has a 50 day moving average price of $276.49 and a 200-day moving average price of $252.28. Transdigm Group has a 52 week low of $203.72 and a 52 week high of $295.00. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 30.59 and a beta of 0.56.
Transdigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.32. Transdigm Group had a negative return on equity of 42.59% and a net margin of 14.47%. The business had revenue of $907.67 million for the quarter, compared to analyst estimates of $903.99 million. During the same period last year, the company earned $3.09 EPS. The firm’s revenue was up 13.8% on a year-over-year basis. Equities research analysts anticipate that Transdigm Group will post $12.30 earnings per share for the current year.
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In other Transdigm Group news, Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $281.81, for a total value of $1,690,860.00. Following the sale, the director now owns 75,701 shares of the company’s stock, valued at approximately $21,333,298.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jorge Valladares sold 5,900 shares of Transdigm Group stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $278.03, for a total value of $1,640,377.00. Following the completion of the sale, the insider now directly owns 14,900 shares in the company, valued at approximately $4,142,647. The disclosure for this sale can be found here. Insiders sold a total of 18,000 shares of company stock worth $4,952,017 in the last three months. Company insiders own 10.52% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Korea Investment CORP increased its stake in Transdigm Group by 142.6% in the second quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after buying an additional 291 shares in the last quarter. Neville Rodie & Shaw Inc. purchased a new stake in Transdigm Group during the second quarter valued at about $200,000. Plancorp LLC purchased a new stake in Transdigm Group during the second quarter valued at about $213,000. Palisade Capital Management LLC NJ purchased a new stake in Transdigm Group during the first quarter valued at about $220,000. Finally, First Capital Advisors Group LLC. purchased a new stake in Transdigm Group during the second quarter valued at about $220,000.
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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