SunTrust Banks Comments on TransDigm Group Incorporated’s Q2 2018 Earnings (TDG)
TransDigm Group Incorporated (NYSE:TDG) – Equities research analysts at SunTrust Banks upped their Q2 2018 earnings estimates for shares of TransDigm Group in a research note issued to investors on Wednesday. SunTrust Banks analyst M. Ciarmoli now forecasts that the aerospace company will earn $3.59 per share for the quarter, up from their previous forecast of $3.14. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for TransDigm Group’s Q3 2018 earnings at $4.00 EPS, Q4 2018 earnings at $4.22 EPS, FY2018 earnings at $17.20 EPS and FY2019 earnings at $15.07 EPS.
Several other research firms also recently commented on TDG. Credit Suisse Group boosted their target price on shares of TransDigm Group from $294.54 to $320.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Canaccord Genuity lowered their target price on shares of TransDigm Group from $330.00 to $315.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Royal Bank of Canada set a $346.00 target price on shares of TransDigm Group and gave the stock a “buy” rating in a report on Thursday, November 16th. JPMorgan Chase & Co. downgraded shares of TransDigm Group from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research raised shares of TransDigm Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $309.94.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.21). TransDigm Group had a net margin of 18.95% and a negative return on equity of 27.70%. The firm had revenue of $847.96 million for the quarter, compared to analysts’ expectations of $860.12 million. During the same period in the prior year, the firm earned $2.57 EPS. TransDigm Group’s revenue for the quarter was up 4.2% compared to the same quarter last year.
In related news, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alex Feil sold 5,444 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $280.85, for a total transaction of $1,528,947.40. Following the sale, the insider now directly owns 5,444 shares in the company, valued at approximately $1,528,947.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,992 shares of company stock worth $27,423,192. 11.45% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in TransDigm Group by 1.2% during the fourth quarter. BlackRock Inc. now owns 4,156,622 shares of the aerospace company’s stock valued at $1,141,491,000 after purchasing an additional 48,978 shares in the last quarter. Principal Financial Group Inc. raised its stake in 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 valued at $684,405,000 after purchasing an additional 35,010 shares in the last quarter. Capital International Investors raised its stake in TransDigm Group by 3.5% during 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 in the last quarter. Windacre Partnership LLC raised its stake in TransDigm Group by 20.4% during the third quarter. Windacre Partnership LLC now owns 773,100 shares of the aerospace company’s stock valued at $197,643,000 after purchasing an additional 131,000 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in TransDigm Group by 2.9% during the third quarter. Wedge Capital Management L L P NC now owns 690,507 shares of the aerospace company’s stock valued at $176,528,000 after purchasing an additional 19,668 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.
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