StockNews.com reassessed TransDigm Group (NYSE: TDG) on Tuesday, resulting in a new recommendation for the company. The company’s stock received a rating of “buy,” up from its previous rating of “hold,” effective immediately.
Several other analysts have recently provided their opinions regarding the company. JPMorgan Chase & Co.
Lowered their price target on TransDigm Group from $705.00 to $700.00 and gave the stock a “neutral” rating in a report made public on Wednesday, November 9. The report was made available to the public. Wolfe Research announced the publication of a study on October 10, in which the company mentioned TransDigm Group for the first time. They assigned the company the rating of “outperform,” and they decided the price target should be $650.00. Trust Financial stated in a report made available to the public on Monday, January 9, that they had increased their price objective on TransDigm Group from $700.00 to $710.00.
In a report on Monday, December 12, Morgan Stanley stated that they had lowered their price target on TransDigm Group from $801.00 to $765.00.
Additionally, the stock of the company was given an “overweight” rating by the brokerage firm.
In a research report released on Monday, November 28, Wells Fargo & Company decreased its price objective for TransDigm Group from $735.00 to $660.00. This was the last and most important point.
Additionally, the investment bank moved the company from an “overweight” rating to an “equal weight” rating.
In comparison, four research analysts have given the company a “hold” rating, while five have given the company a “buy” rating.
According to Bloomberg, the consensus analysis regarding the stock of TransDigm Group is that it is currently a “Moderate Buy,” with a price objective of $696.67 associated with this rating.
Tuesday was the first-day trading could begin on the NYSE TDG, and the opening price was $685.00. The simple moving average of the company’s stock price over the past 50 days is $632.90, while the average price over the last 200 days is $602.89. Over the last 52 weeks, the price of a share of TransDigm Group has fluctuated between $499.63 and $691.00, with the average price landing at $691.00. The company has a P/E ratio that is currently sitting at 50.97, a P/E/G ratio that is currently sitting at 1.64, and a beta that is currently sitting at 1.39. The market capitalization of the company is currently sitting at $37.25 billion at this time.
On November 10 of this year, TransDigm Group (NYSE: TDG) released its most recent quarterly earnings report. The report was for the period ending September 30. The aerospace company reported earnings per share for the quarter that came in at $4.74, which was $0.28 more than the consensus estimate of $4.46 the quarter’s earnings per share.
As evidenced by its low-profit margin of 15.95% and its negative return on equity of 29.95%, the TransDigm Group did not perform very well. The corporation’s quarterly revenue of $1.51 billion, rather than the $1.50 billion that was projected, exceeded the expectations of those who follow the industry closely. The company reported $3.94 per share for the previous year when those earnings were distributed to shareholders. Compared to the same quarter in the previous year, the increase in revenue was 18.1% higher than expected. This year, TransDigm Group is expected to generate earnings per share of 19.88 dollars, according to the projections of equity research professionals.
In related news, on December 15, Director W. Nicholas Howley sold 6,500 shares of the company’s stock. This is just one of the latest developments about this subject. $4,032,275 was spent on purchasing the shares, totaling an average price of $620.35 per share. Following the conclusion of the transaction, the director is now the owner of 21,548 shares in the company. The total value of these shares is $13,367,301.80.
If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. On December 15, Director W. Nicholas Howley made a transaction in which he sold 6,500 shares of the company’s stock. On that day, other things happened. $4,032,275 was spent on purchasing the shares, totaling an average price of $620.35 per share. Following the completion of the transaction, the director has gained direct ownership of 21,548 company shares, which have a combined value of approximately $13,367,301.80. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail.
In addition, on January 11, Jorge Valladares, the company’s Chief Operating Officer, sold 20,000 of the company’s shares of stock. The total amount of money obtained from the sale of the shares was $13,348,200.00, which comes out to a price of $667.41 for each share.
After the completion of the sale, the chief operating officer now directly holds 11,000 shares of the company.
Based on the current stock price, these shares are estimated to be worth approximately $7,341,510.
Disclosures that are related to the sale might be found in this section of the website.
Insiders have generated $25,866,810 in sales for the company by selling 39,500 shares of company stock over the past three months. 96% of the company’s stock is held in personal accounts by company insiders.
Several hedge funds and other institutional investors have adjusted in recent months to the percentage of their holdings comprised of TDG shares.
Lone Pine Capital LLC brought its total ownership in TransDigm Group up to 100 percent during the third quarter by purchasing approximately $387,067,000 worth of the company’s shares. The company’s investment made possible a 5.6% increase in the proportion of TransDigm Group stock that Principal Financial Group Inc. owned as of the second quarter.
Principal Financial Group Inc. now has 3,257,661 shares of the aerospace company’s stock after purchasing an additional 173,413 shares during the most recent quarter. The stock is currently valued at $1,748,289,000.
Putnam Investments LLC’s ownership stake in TransDigm Group increased by 725.0% during the third quarter due to the company’s recent acquisitions. Following the acquisition of 172,163 additional shares during the most recent quarter, Putnam Investments LLC now holds a total of 195,910 shares of the stock issued by the aerospace company. The total value of the stock holdings that Putnam Investments LLC owns is $102,818,000. The amount of ownership that Renaissance Technologies LLC had in TransDigm Group went up by 1,887.1% during the second quarter of the fiscal year. The most recent quarter saw Renaissance Technologies LLC purchase an additional 132,100 shares of the aerospace company’s stock, bringing its total number to 139,100. These 139,100 shares have a combined value of $74,651,000, making Renaissance Technologies LLC the owner of 139,100 of the company’s shares.
And finally, during the first three months of this year, Vanguard Group Inc.
Increased the proportion of its shares of TransDigm Group by 2.1%.
As a direct consequence of the acquisition of an additional 117,137 shares, The most recent financial quarter saw Vanguard Group Inc.
Acquire a total of 5,602,332 stock issued by the aerospace business. These shares have a value of $3,650,144,000. 96.00% of the company’s shares are owned by institutional investors and hedge funds, making up most of these shareholders.
There is a company by the name of TransDigm Group Incorporated that designs, manufactures, and sells aviation parts in the United States and other nations.
Power & Control is the division of the company that specializes in the production of mechanical and electromechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning tools, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches, and relay panels, hoists, winches, and lifting apparatuses, as well as cargo loading and handling systems.
Power & Control also specializes in the production of cargo loading and handling systems.