TransDigm Group (NYSE:TDG) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of TransDigm Group (NYSE:TDGGet Rating) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

Separately, Morgan Stanley raised 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Buy and an average target price of $721.94.

NYSE TDG opened at $566.24 on Tuesday. The company has a market cap of $31.40 billion, a PE ratio of 44.31, a price-to-earnings-growth ratio of 1.93 and a beta of 1.43. The stock’s 50 day simple moving average is $635.43 and its 200-day simple moving average is $631.46. TransDigm Group has a 1-year low of $540.28 and a 1-year high of $688.03.

TransDigm Group (NYSE:TDGGet Rating) last released its earnings results on Tuesday, May 10th. The aerospace company reported $3.86 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.17. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. TransDigm Group had a negative return on equity of 23.98% and a net margin of 16.23%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 earnings per share. Research analysts forecast that TransDigm Group will post 13.64 EPS for the current fiscal year.

In other news, Director Raymond F. Laubenthal sold 5,000 shares of TransDigm Group stock in a transaction on Tuesday, March 22nd. The stock was sold at an average price of $670.00, for a total value of $3,350,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 11,500 shares of TransDigm Group stock in a transaction on Monday, April 18th. The shares were sold at an average price of $631.75, for a total value of $7,265,125.00. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $13,612,949. The disclosure for this sale can be found here. Insiders sold 39,500 shares of company stock worth $25,324,315 in the last 90 days. Company insiders own 9.13% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tcwp LLC acquired a new stake in shares of TransDigm Group in the first quarter valued at $29,000. TFO TDC LLC acquired a new stake in shares of TransDigm Group in the fourth quarter valued at $32,000. Duncker Streett & Co. Inc. acquired a new stake in shares of TransDigm Group in the fourth quarter valued at $35,000. Cordasco Financial Network acquired a new stake in shares of TransDigm Group in the first quarter valued at $35,000. Finally, Farmers & Merchants Investments Inc. grew its stake in shares of TransDigm Group by 51.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 56 shares of the aerospace company’s stock valued at $36,000 after buying an additional 19 shares in the last quarter. 99.33% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Company Profile (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.

See Also

Analyst Recommendations for TransDigm Group (NYSE:TDG)

Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.