TransDigm Group’s (TDG) “Hold” Rating Reiterated at Jefferies Financial Group
Jefferies Financial Group restated their hold rating on shares of TransDigm Group (NYSE:TDG) in a research report sent to investors on Tuesday. The brokerage currently has a $355.00 price objective on the aerospace company’s stock.
Other equities analysts also recently issued research reports about the company. Berenberg Bank began coverage on TransDigm Group in a research report on Friday, September 28th. They set a buy rating and a $420.00 price target for the company. Robert W. Baird downgraded TransDigm Group from an outperform rating to a neutral rating and set a $365.00 price target for the company. in a research report on Thursday, October 11th. Finally, SunTrust Banks upped their price target on TransDigm Group to $436.00 and gave the stock a buy rating in a research report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $377.07.
NYSE TDG traded down $2.04 during trading hours on Tuesday, reaching $347.85. 2,273 shares of the company’s stock were exchanged, compared to its average volume of 331,853. TransDigm Group has a one year low of $268.40 and a one year high of $377.67. The stock has a market cap of $18.28 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 1.52 and a beta of 0.88.
In other TransDigm Group news, Director Raymond F. Laubenthal sold 11,900 shares of the firm’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $326.65, for a total transaction of $3,887,135.00. Following the completion of the sale, the director now owns 25,193 shares of the company’s stock, valued at approximately $8,229,293.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Skulina sold 15,000 shares of the firm’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $345.46, for a total value of $5,181,900.00. Following the sale, the insider now directly owns 19,000 shares of the company’s stock, valued at approximately $6,563,740. The disclosure for this sale can be found here. Company insiders own 11.45% of the company’s stock.
A number of hedge funds have recently bought and sold shares of TDG. Capital International Investors increased its position in TransDigm Group by 177.2% during the 3rd quarter. Capital International Investors now owns 4,456,405 shares of the aerospace company’s stock worth $1,659,120,000 after buying an additional 2,849,039 shares during the period. Mainstay Capital Management LLC ADV increased its position in TransDigm Group by 25,276.7% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 840,475 shares of the aerospace company’s stock worth $2,692,000 after buying an additional 837,163 shares during the period. FMR LLC increased its position in TransDigm Group by 36.4% during the 2nd quarter. FMR LLC now owns 1,413,320 shares of the aerospace company’s stock worth $487,794,000 after buying an additional 376,984 shares during the period. Janus Henderson Group PLC increased its position in TransDigm Group by 140.2% during the 3rd quarter. Janus Henderson Group PLC now owns 219,446 shares of the aerospace company’s stock worth $81,700,000 after buying an additional 128,082 shares during the period. Finally, PointState Capital LP bought a new position in TransDigm Group during the 3rd quarter worth $38,280,000.
TransDigm Group Company Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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