TransDigm Group (NYSE:TDG – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
Several other analysts have also issued reports on TDG. William Blair initiated coverage on TransDigm Group in a research note on Tuesday, December 12th. They issued an “outperform” rating on the stock. Stifel Nicolaus assumed coverage on TransDigm Group in a research note on Friday, December 1st. They issued a “hold” rating and a $1,000.00 target price on the stock. Royal Bank of Canada boosted their price objective on TransDigm Group from $975.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Deutsche Bank Aktiengesellschaft assumed coverage on TransDigm Group in a research note on Wednesday, September 27th. They set a “buy” rating and a $1,001.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on TransDigm Group from $1,000.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Friday, November 10th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $997.71.
TransDigm Group Trading Down 0.1 %
TDG stock opened at $1,011.60 on Tuesday. The stock’s fifty day simple moving average is $951.79 and its two-hundred day simple moving average is $898.34. TransDigm Group has a 1-year low of $622.51 and a 1-year high of $1,018.50. The stock has a market cap of $55.95 billion, a P/E ratio of 45.94, a P/E/G ratio of 2.06 and a beta of 1.44.
TransDigm Group (NYSE:TDG – Get Free Report) last posted its quarterly earnings data on Thursday, November 9th. The aerospace company reported $8.03 earnings per share for the quarter, topping the consensus estimate of $7.10 by $0.93. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. TransDigm Group had a negative return on equity of 52.68% and a net margin of 19.70%. The business’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.74 earnings per share. As a group, analysts forecast that TransDigm Group will post 30.11 earnings per share for the current fiscal year.
Insider Transactions at TransDigm Group
In related news, Director Jorge Valladares sold 3,141 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $1,001.73, for a total transaction of $3,146,433.93. Following the completion of the sale, the director now directly owns 11,000 shares in the company, valued at approximately $11,019,030. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other TransDigm Group news, Director W Nicholas Howley sold 6,296 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $987.07, for a total transaction of $6,214,592.72. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $21,269,384.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jorge Valladares sold 3,141 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $1,001.73, for a total value of $3,146,433.93. Following the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $11,019,030. The disclosure for this sale can be found here. In the last three months, insiders sold 112,167 shares of company stock worth $109,871,524. 7.18% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Baird Financial Group Inc. raised its position in TransDigm Group by 4.7% during the 2nd quarter. Baird Financial Group Inc. now owns 4,175 shares of the aerospace company’s stock valued at $3,733,000 after purchasing an additional 186 shares during the last quarter. Fund Management at Engine No. 1 LLC raised its position in shares of TransDigm Group by 7.9% in the 2nd quarter. Fund Management at Engine No. 1 LLC now owns 679 shares of the aerospace company’s stock worth $607,000 after acquiring an additional 50 shares in the last quarter. Clear Street Markets LLC raised its position in shares of TransDigm Group by 92.5% in the 1st quarter. Clear Street Markets LLC now owns 102 shares of the aerospace company’s stock worth $75,000 after acquiring an additional 49 shares in the last quarter. Chiron Investment Management LLC bought a new position in shares of TransDigm Group in the 1st quarter worth approximately $512,000. Finally, Frank Rimerman Advisors LLC bought a new position in shares of TransDigm Group in the 1st quarter worth approximately $1,810,000. Institutional investors own 95.78% of the company’s stock.
TransDigm Group Company Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.