StockNews.com Downgrades TransDigm Group (NYSE:TDG) to Hold

StockNews.com downgraded shares of TransDigm Group (NYSE:TDG – Get Rating) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Separately, Morgan Stanley upped their target price on TransDigm Group from $762.00 to $801.00 and gave the company an overweight rating in a research report on Wednesday, February 9th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $707.33.

NYSE:TDG opened at $563.81 on Tuesday. The stock has a fifty day moving average price of $631.53 and a 200-day moving average price of $629.89. The company has a market cap of $31.27 billion, a price-to-earnings ratio of 39.24, a PEG ratio of 1.87 and a beta of 1.43. TransDigm Group has a fifty-two week low of $537.55 and a fifty-two week high of $688.03.

TransDigm Group (NYSE:TDG – Get Rating) last released its earnings results on Tuesday, May 10th. The aerospace company reported $3.29 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.02). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. TransDigm Group had a net margin of 17.70% and a negative return on equity of 27.37%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.29 earnings per share. On average, analysts expect that TransDigm Group will post 13.64 EPS for the current fiscal year.

In other TransDigm Group news, Director W Nicholas Howley sold 11,500 shares of the company’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $631.75, for a total value of $7,265,125.00. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $13,612,949. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Raymond F. Laubenthal sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of $670.00, for a total value of $3,350,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,500 shares of company stock valued at $25,324,315. Insiders own 9.13% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TDG. Norges Bank bought a new stake in shares of TransDigm Group during the 4th quarter valued at about $264,267,000. Select Equity Group L.P. boosted its position in shares of TransDigm Group by 9,640.3% during the 4th quarter. Select Equity Group L.P. now owns 411,333 shares of the aerospace company’s stock valued at $261,723,000 after purchasing an additional 407,110 shares in the last quarter. BlackRock Inc. boosted its position in shares of TransDigm Group by 8.4% during the 4th quarter. BlackRock Inc. now owns 4,228,746 shares of the aerospace company’s stock valued at $2,690,668,000 after purchasing an additional 328,367 shares in the last quarter. Windacre Partnership LLC boosted its position in shares of TransDigm Group by 47.4% during the 4th quarter. Windacre Partnership LLC now owns 985,500 shares of the aerospace company’s stock valued at $627,054,000 after purchasing an additional 316,700 shares in the last quarter. Finally, Vulcan Value Partners LLC boosted its position in shares of TransDigm Group by 8.8% during the 4th quarter. Vulcan Value Partners LLC now owns 2,223,480 shares of the aerospace company’s stock valued at $1,414,756,000 after purchasing an additional 179,787 shares in the last quarter. Hedge funds and other institutional investors own 99.33% of the company’s stock.

About TransDigm Group (Get Rating)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.

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