TransDigm Group Incorporated (NYSE:TDG) hit a new 52-week high on Monday . The stock traded as high as $397.28 and last traded at $397.20, with a volume of 5695 shares traded. The stock had previously closed at $393.23.
Several equities research analysts have recently weighed in on TDG shares. SunTrust Banks upped their target price on TransDigm Group to $436.00 and gave the stock a “buy” rating in a research report on Thursday, October 11th. Robert W. Baird downgraded TransDigm Group from an “outperform” rating to a “neutral” rating and set a $365.00 target price for the company. in a research report on Thursday, October 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $355.00 target price on shares of TransDigm Group in a research report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. TransDigm Group presently has a consensus rating of “Buy” and a consensus price target of $377.07.
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The firm has a market cap of $20.78 billion, a P/E ratio of 23.54, a PEG ratio of 1.73 and a beta of 0.99.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, November 6th. The aerospace company reported $4.44 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.39. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.04 billion. TransDigm Group had a negative return on equity of 35.67% and a net margin of 23.64%. TransDigm Group’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.48 earnings per share. Equities research analysts predict that TransDigm Group Incorporated will post 15.61 EPS for the current year.
In related news, insider James Skulina sold 15,000 shares of the stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $345.46, for a total value of $5,181,900.00. Following the completion of the transaction, the insider now owns 19,000 shares of the company’s stock, valued at $6,563,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 11.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Keybank National Association OH raised its stake in TransDigm Group by 0.9% during the fourth quarter. Keybank National Association OH now owns 7,072 shares of the aerospace company’s stock valued at $2,405,000 after buying an additional 64 shares in the last quarter. M&T Bank Corp raised its stake in TransDigm Group by 1.3% during the fourth quarter. M&T Bank Corp now owns 6,060 shares of the aerospace company’s stock valued at $2,060,000 after buying an additional 76 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in TransDigm Group by 2.3% during the fourth quarter. Wetherby Asset Management Inc. now owns 4,141 shares of the aerospace company’s stock valued at $1,408,000 after buying an additional 94 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in TransDigm Group by 1.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,348 shares of the aerospace company’s stock valued at $4,879,000 after buying an additional 140 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in TransDigm Group by 10.9% during the fourth quarter. Raymond James Trust N.A. now owns 1,634 shares of the aerospace company’s stock valued at $556,000 after buying an additional 160 shares in the last quarter.
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TransDigm Group Company Profile (NYSE:TDG)
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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