TransDigm Group (TDG) Lifted to Equal Weight at Stephens

TransDigm Group (NYSE:TDG) was upgraded by equities research analysts at Stephens from an “underweight” rating to an “equal weight” rating in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a $275.00 target price on the aerospace company’s stock. Stephens’ target price points to a potential downside of 2.67% from the stock’s previous close.

TDG has been the subject of a number of other reports. Zacks Investment Research upgraded shares of TransDigm Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Royal Bank of Canada set a $346.00 target price on shares of TransDigm Group and gave the company a “buy” rating in a research note on Thursday, November 16th. Jefferies Group reiterated a “hold” rating and issued a $285.00 target price on shares of TransDigm Group in a research note on Monday, January 8th. Robert W. Baird reiterated a “buy” rating and issued a $300.00 target price on shares of TransDigm Group in a research note on Thursday, October 12th. Finally, Canaccord Genuity reduced their target price on shares of TransDigm Group from $330.00 to $315.00 and set a “buy” rating for the company in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $309.44.

TransDigm Group (TDG) opened at $282.55 on Thursday. TransDigm Group has a 1 year low of $203.72 and a 1 year high of $321.38. The company has a market cap of $14,640.00, a P/E ratio of 22.34, a P/E/G ratio of 2.46 and a beta of 0.77. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of -3.86.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $2.43 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 analysts’ expectations of $860.12 million. TransDigm Group had a net margin of 18.95% and a negative return on equity of 28.62%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.57 earnings per share. equities analysts anticipate that TransDigm Group will post 12.72 EPS for the current fiscal year.

In related news, Director Michael Graff sold 1,872 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $278.92, for a total transaction of $522,138.24. Following the completion of the transaction, the director now directly owns 9,482 shares in the company, valued at approximately $2,644,719.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders sold 94,548 shares of company stock valued at $25,894,245 over the last 90 days. 10.52% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Alexandria Capital LLC acquired a new position in TransDigm Group during the 4th quarter valued at $559,000. Vantage Financial Partners Ltd. Inc. raised its stake in TransDigm Group by 65.0% during the 4th quarter. Vantage Financial Partners Ltd. Inc. now owns 3,300 shares of the aerospace company’s stock valued at $901,000 after purchasing an additional 1,300 shares during the last quarter. Norinchukin Bank The raised its stake in TransDigm Group by 7.5% during the 4th quarter. Norinchukin Bank The now owns 3,864 shares of the aerospace company’s stock valued at $1,061,000 after purchasing an additional 271 shares during the last quarter. American International Group Inc. raised its stake in TransDigm Group by 8.0% during the 4th quarter. American International Group Inc. now owns 20,202 shares of the aerospace company’s stock valued at $5,548,000 after purchasing an additional 1,493 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in TransDigm Group during the 4th quarter valued at $320,000.

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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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