Transdigm Group (TDG) Downgraded to “Underweight” at J P Morgan Chase & Co
TDG has been the subject of several other reports. Credit Suisse Group upped their price objective on shares of Transdigm Group from $294.54 to $320.00 and gave the company an outperform rating in a research note on Friday, November 10th. Robert W. Baird reaffirmed a buy rating and set a $300.00 price objective on shares of Transdigm Group in a research note on Thursday, October 12th. Wolfe Research raised shares of Transdigm Group from a market perform rating to an outperform rating in a research note on Friday, November 10th. SunTrust Banks reaffirmed a buy rating and set a $307.00 price objective on shares of Transdigm Group in a research note on Friday, November 10th. Finally, Royal Bank of Canada set a $346.00 price target on shares of Transdigm Group and gave the company a buy rating in a research report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Transdigm Group presently has an average rating of Buy and an average price target of $296.87.
Transdigm Group (TDG) opened at $270.00 on Tuesday. The company has a market cap of $14,256.70, a PE ratio of 23.04, a PEG ratio of 2.32 and a beta of 0.50. The company has a debt-to-equity ratio of -3.86, a quick ratio of 1.61 and a current ratio of 2.45. Transdigm Group has a one year low of $203.72 and a one year high of $295.00.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Thursday, November 9th. The aerospace company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.18 by $0.30. The firm had revenue of $923.89 million during the quarter, compared to the consensus estimate of $959.77 million. Transdigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.29 earnings per share. sell-side analysts predict that Transdigm Group will post 12.66 EPS for the current year.
In other Transdigm Group news, Director Michael Graff sold 1,872 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $278.92, for a total value of $522,138.24. Following the sale, the director now owns 9,482 shares in the company, valued at $2,644,719.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Robert S. Henderson sold 15,000 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $263.74, for a total transaction of $3,956,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,648 shares of company stock worth $26,299,932. Corporate insiders own 10.52% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its holdings in Transdigm Group by 3.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock worth $103,000 after purchasing an additional 14 shares during the period. Profund Advisors LLC grew its holdings in Transdigm Group by 1.1% in the second quarter. Profund Advisors LLC now owns 1,334 shares of the aerospace company’s stock worth $359,000 after purchasing an additional 15 shares during the period. Thrivent Financial For Lutherans grew its holdings in Transdigm Group by 1.1% in the second quarter. Thrivent Financial For Lutherans now owns 1,850 shares of the aerospace company’s stock worth $497,000 after purchasing an additional 20 shares during the period. Sentry Investment Management LLC grew its holdings in Transdigm Group by 1.1% in the second quarter. Sentry Investment Management LLC now owns 3,683 shares of the aerospace company’s stock worth $990,000 after purchasing an additional 40 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Transdigm Group by 0.8% in the second quarter. Nordea Investment Management AB now owns 7,987 shares of the aerospace company’s stock worth $2,147,000 after purchasing an additional 66 shares during the period.
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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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