TransDigm Group (TDG) Stock Rating Reaffirmed by SunTrust Banks

TransDigm Group (NYSE:TDG)‘s stock had its “buy” rating reissued by analysts at SunTrust Banks in a research report issued to clients and investors on Friday.

A number of other research analysts have also weighed in on TDG. Credit Suisse Group lifted their target price on TransDigm Group from $294.54 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Canaccord Genuity reduced their target price on TransDigm Group from $330.00 to $315.00 and set a “buy” rating for the company in a report on Friday, November 10th. Royal Bank of Canada set a $346.00 target price on TransDigm Group and gave the company a “buy” rating in a report on Thursday, November 16th. JPMorgan Chase & Co. lowered TransDigm Group from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. Finally, Cowen reaffirmed a “hold” rating and set a $290.00 target price on shares of TransDigm Group in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $297.17.

Shares of TransDigm Group (TDG) opened at $299.17 on Friday. TransDigm Group has a twelve month low of $203.72 and a twelve month high of $299.66. The firm has a market capitalization of $15,281.35, a PE ratio of 37.77, a P/E/G ratio of 2.47 and a beta of 0.50. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of -3.86.

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

In other news, CEO W Nicholas Howley sold 63,776 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $268.60, for a total transaction of $17,130,233.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $263.94, for a total value of $1,583,640.00. Following the transaction, the director now directly owns 75,818 shares of the company’s stock, valued at approximately $20,011,402.92. The disclosure for this sale can be found here. Insiders have sold 94,548 shares of company stock valued at $25,894,245 in the last three months. 10.52% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of TransDigm Group by 1.6% during the second quarter. Vanguard Group Inc. now owns 4,824,369 shares of the aerospace company’s stock worth $1,297,129,000 after purchasing an additional 76,897 shares in the last quarter. Tiger Global Management LLC grew its holdings in shares of TransDigm Group by 57.4% during the second quarter. Tiger Global Management LLC now owns 4,000,000 shares of the aerospace company’s stock worth $1,075,480,000 after purchasing an additional 1,459,272 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of TransDigm Group by 1.3% during the third quarter. Principal Financial Group Inc. now owns 2,677,120 shares of the aerospace company’s stock worth $684,405,000 after purchasing an additional 35,010 shares in the last quarter. Capital International Investors grew its holdings in shares of TransDigm Group by 3.5% during the third quarter. Capital International Investors now owns 1,379,346 shares of the aerospace company’s stock worth $352,630,000 after purchasing an additional 46,753 shares in the last quarter. Finally, Windacre Partnership LLC grew its holdings in shares of TransDigm Group by 20.4% during the third quarter. Windacre Partnership LLC now owns 773,100 shares of the aerospace company’s stock worth $197,643,000 after purchasing an additional 131,000 shares in the last quarter.

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About TransDigm Group

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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