Transdigm Group Incorporated (TDG) Director Michael Graff Sells 1,872 Shares of Stock
Transdigm Group Incorporated (NYSE:TDG) Director Michael Graff sold 1,872 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $278.92, for a total value of $522,138.24. Following the sale, the director now owns 9,482 shares of the company’s stock, valued at $2,644,719.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Transdigm Group Incorporated (NYSE TDG) opened at $275.01 on Tuesday. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $295.00. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of -3.86. The firm has a market capitalization of $14,541.96, a PE ratio of 23.50, a price-to-earnings-growth ratio of 2.36 and a beta of 0.50.
Transdigm Group (NYSE:TDG) last posted its earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.18 by $0.30. The company had revenue of $923.89 million for the quarter, compared to analyst estimates of $959.77 million. Transdigm Group had a negative return on equity of 30.13% and a net margin of 12.44%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $3.29 earnings per share. equities research analysts anticipate that Transdigm Group Incorporated will post 12.69 EPS for the current year.
Several analysts recently issued reports on the company. Deutsche Bank increased their price objective on Transdigm Group from $305.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Credit Suisse Group increased their price objective on Transdigm Group from $294.54 to $320.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Robert W. Baird reiterated a “buy” rating and set a $300.00 price objective on shares of Transdigm Group in a report on Thursday, October 12th. Wolfe Research upgraded Transdigm Group from a “market perform” rating to an “outperform” rating in a report on Friday, November 10th. Finally, Canaccord Genuity restated a “buy” rating and set a $330.00 target price (up from $300.00) on shares of Transdigm Group in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $296.87.
Several large investors have recently modified their holdings of the company. IFM Investors Pty Ltd acquired a new stake in shares of Transdigm Group in the third quarter valued at about $386,000. Neuberger Berman Group LLC grew its position in shares of Transdigm Group by 68.2% in the third quarter. Neuberger Berman Group LLC now owns 6,454 shares of the aerospace company’s stock valued at $1,650,000 after purchasing an additional 2,618 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Transdigm Group by 4.2% in the third quarter. California Public Employees Retirement System now owns 97,593 shares of the aerospace company’s stock valued at $24,950,000 after purchasing an additional 3,893 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Transdigm Group in the third quarter valued at about $623,000. Finally, Capital International Investors grew its position in shares of Transdigm Group by 3.5% in the third quarter. Capital International Investors now owns 1,379,346 shares of the aerospace company’s stock valued at $352,630,000 after purchasing an additional 46,753 shares during the last quarter.
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.
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