TransDigm Group (TDG) Receives Buy Rating from SunTrust Banks

TransDigm Group (NYSE:TDG)‘s stock had its “buy” rating reissued by equities researchers at SunTrust Banks in a report issued on Friday.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of TransDigm Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. JPMorgan Chase & Co. lowered shares of TransDigm Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. 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. Wolfe Research raised shares of TransDigm Group from a “market perform” rating to an “outperform” rating in a research note on Friday, November 10th. Finally, Canaccord Genuity reduced their price objective on shares of TransDigm Group from $330.00 to $315.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $297.17.

TransDigm Group (NYSE TDG) traded up $5.07 during trading hours on Friday, hitting $299.17. 366,018 shares of the stock were exchanged, compared to its average volume of 391,349. 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 12 month low of $203.72 and a 12 month high of $299.66. The company has a market cap of $15,540.00, a price-to-earnings ratio of 35.40, a P/E/G ratio of 2.48 and a beta of 0.62.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Thursday, November 9th. The aerospace company reported $3.48 EPS for the quarter, beating the Zacks’ consensus estimate of $3.18 by $0.30. TransDigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The company had revenue of $923.89 million for the quarter, compared to analyst estimates of $959.77 million. During the same period in the prior year, the firm posted $3.29 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. equities analysts expect that TransDigm Group will post 12.73 EPS for the current year.

In other TransDigm Group news, CEO W Nicholas Howley sold 63,776 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $268.60, for a total transaction of $17,130,233.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Raymond F. Laubenthal sold 11,900 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $295.87, for a total transaction of $3,520,853.00. Following the transaction, the director now owns 81,718 shares in the company, valued at approximately $24,177,904.66. The disclosure for this sale can be found here. Insiders have sold a total of 94,548 shares of company stock worth $25,894,245 in the last quarter. 10.52% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its holdings in TransDigm Group by 3.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock worth $103,000 after buying an additional 14 shares during the last quarter. Profund Advisors LLC raised its holdings in TransDigm Group by 1.1% during the second quarter. Profund Advisors LLC now owns 1,334 shares of the aerospace company’s stock worth $359,000 after buying an additional 15 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in TransDigm Group by 1.1% during the second quarter. Thrivent Financial For Lutherans now owns 1,850 shares of the aerospace company’s stock worth $497,000 after buying an additional 20 shares during the last quarter. Sentry Investment Management LLC raised its holdings in TransDigm Group by 1.1% during the second quarter. Sentry Investment Management LLC now owns 3,683 shares of the aerospace company’s stock worth $990,000 after buying an additional 40 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in TransDigm Group by 0.8% during the second quarter. Nordea Investment Management AB now owns 7,987 shares of the aerospace company’s stock worth $2,147,000 after buying an additional 66 shares during the last quarter.

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TransDigm Group Company Profile

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.

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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