TransDigm Group (TDG) Reaches New 1-Year High and Low Following Analyst Upgrade

TransDigm Group (NYSE:TDG)’s share price hit a new 52-week high and low during trading on Tuesday after SunTrust Banks raised their price target on the stock to $335.00. SunTrust Banks currently has a buy rating on the stock. TransDigm Group traded as low as $323.91 and last traded at $322.52, with a volume of 227302 shares trading hands. The stock had previously closed at $320.25.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada set a $370.00 price target on TransDigm Group and gave the company a “buy” rating in a report on Wednesday, January 24th. Canaccord Genuity reiterated a “buy” rating and set a $330.00 price target on shares of TransDigm Group in a report on Friday, February 2nd. Bank of America increased their price target on TransDigm Group from $305.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Zacks Investment Research upgraded TransDigm Group from a “hold” rating to a “buy” rating and set a $317.00 price target on the stock in a report on Monday, February 12th. Finally, Morgan Stanley increased their price target on TransDigm Group from $265.00 to $290.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. TransDigm Group currently has a consensus rating of “Buy” and a consensus price target of $326.57.

How to Become a New Pot Stock Millionaire

In other news, COO Kevin M. Stein bought 1,347 shares of TransDigm Group stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of $296.79 per share, with a total value of $399,776.13. Following the completion of the transaction, the chief operating officer now directly owns 1,347 shares in the company, valued at $399,776.13. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond F. Laubenthal sold 11,900 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $293.75, for a total value of $3,495,625.00. Following the completion of the transaction, the director now directly owns 81,718 shares of the company’s stock, valued at $24,004,662.50. The disclosure for this sale can be found here. Insiders sold 88,644 shares of company stock valued at $26,801,262 over the last three months. 11.45% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Vident Investment Advisory LLC lifted its position in TransDigm Group by 75.4% in the third quarter. Vident Investment Advisory LLC now owns 1,179 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 507 shares during the period. BlackRock Inc. lifted its holdings in shares of TransDigm Group by 1.2% during the fourth quarter. BlackRock Inc. now owns 4,156,622 shares of the aerospace company’s stock valued at $1,141,491,000 after acquiring an additional 48,978 shares during the period. Alps Advisors Inc. bought a new position in shares of TransDigm Group during the fourth quarter valued at $205,000. Vantage Financial Partners Ltd. Inc. lifted its holdings in shares of TransDigm Group by 65.0% during the fourth quarter. Vantage Financial Partners Ltd. Inc. now owns 3,300 shares of the aerospace company’s stock valued at $901,000 after acquiring an additional 1,300 shares during the period. Finally, Candriam Luxembourg S.C.A. lifted its holdings in shares of TransDigm Group by 23.3% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 4,635 shares of the aerospace company’s stock valued at $1,273,000 after acquiring an additional 877 shares during the period.

The firm has a market cap of $16,140.14, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.58 and a beta of 0.77. The company has a debt-to-equity ratio of -4.38, a current ratio of 2.76 and a quick ratio of 1.86.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.64 by ($0.21). The company had revenue of $847.96 million for the quarter, compared to the consensus estimate of $860.12 million. TransDigm Group had a net margin of 18.95% and a negative return on equity of 27.70%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.57 earnings per share. equities analysts anticipate that TransDigm Group will post 16.69 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “TransDigm Group (TDG) Reaches New 1-Year High and Low Following Analyst Upgrade” was originally reported by registrarjournal.com and is the sole property of of registrarjournal.com. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://registrarjournal.com/2018/04/17/transdigm-group-tdg-reaches-new-1-year-high-and-low-following-analyst-upgrade.html.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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.

Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply