TransDigm Group (NYSE:TDG) Lowered to Hold at ValuEngine

ValuEngine lowered shares of TransDigm Group (NYSE:TDG) from a buy rating to a hold rating in a research note released on Wednesday morning, ValuEngine reports.

TDG has been the topic of a number of other research reports. Credit Suisse Group boosted their price target on shares of TransDigm Group from $539.00 to $617.00 and gave the stock an outperform rating in a research report on Wednesday, August 7th. Jefferies Financial Group lifted their price objective on shares of TransDigm Group from $480.00 to $550.00 and gave the company a hold rating in a research note on Thursday, August 15th. UBS Group boosted their price target on shares of TransDigm Group to $605.00 and gave the company a buy rating in a research note on Wednesday, August 7th. SunTrust Banks boosted their price target on shares of TransDigm Group to $560.00 and gave the company a buy rating in a research note on Wednesday, August 7th. Finally, Barclays set a $610.00 price target on shares of TransDigm Group and gave the company a buy rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. TransDigm Group currently has a consensus rating of Buy and an average price target of $546.25.

Shares of NYSE TDG traded up $6.38 during midday trading on Wednesday, reaching $513.61. The stock had a trading volume of 210,458 shares, compared to its average volume of 337,786. The firm has a market cap of $27.03 billion, a price-to-earnings ratio of 30.23, a price-to-earnings-growth ratio of 1.99 and a beta of 0.95. TransDigm Group has a twelve month low of $307.36 and a twelve month high of $555.27. The company’s 50 day moving average price is $524.71 and its 200 day moving average price is $487.69.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $4.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.01 by $0.94. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.58 billion. TransDigm Group had a net margin of 15.26% and a negative return on equity of 59.21%. The company’s revenue for the quarter was up 69.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.59 EPS. On average, equities research analysts expect that TransDigm Group will post 16.92 earnings per share for the current year.

In other news, EVP Bernt G. Iversen II sold 8,333 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $526.56, for a total value of $4,387,824.48. Following the completion of the sale, the executive vice president now owns 12,643 shares in the company, valued at approximately $6,657,298.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 9,900 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $519.08, for a total transaction of $5,138,892.00. Following the completion of the sale, the chief executive officer now owns 11,247 shares of the company’s stock, valued at approximately $5,838,092.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 291,933 shares of company stock valued at $154,862,065. Company insiders own 11.89% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its position in shares of TransDigm Group by 2.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,125 shares of the aerospace company’s stock valued at $511,000 after buying an additional 27 shares during the period. Commonwealth Bank of Australia increased its position in shares of TransDigm Group by 65.9% in the second quarter. Commonwealth Bank of Australia now owns 73 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 29 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of TransDigm Group by 2.4% in the second quarter. Raymond James Trust N.A. now owns 1,679 shares of the aerospace company’s stock worth $812,000 after purchasing an additional 40 shares during the last quarter. First Republic Investment Management Inc. increased its position in shares of TransDigm Group by 6.4% in the second quarter. First Republic Investment Management Inc. now owns 662 shares of the aerospace company’s stock worth $320,000 after purchasing an additional 40 shares during the last quarter. Finally, Hartford Investment Management Co. increased its position in shares of TransDigm Group by 0.8% in the second quarter. Hartford Investment Management Co. now owns 5,358 shares of the aerospace company’s stock worth $2,592,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 99.56% of the company’s stock.

About TransDigm Group

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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