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TransDigm Group (NYSE:TDG - Get Rating) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Saturday.
Other research analysts have also recently issued reports about the stock. TheStreet raised shares of TransDigm Group from a "c" rating to a "b-" rating in a report on Thursday, August 18th. JPMorgan Chase & Co. increased their price target on shares of TransDigm Group from $685.00 to $705.00 in a research report on Wednesday, August 17th. Susquehanna Bancshares increased their price target on shares of TransDigm Group from $629.00 to $685.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 10th. Truist Financial reduced their price target on shares of TransDigm Group from $786.00 to $700.00 and set a "buy" rating on the stock in a research report on Tuesday, July 19th. Finally, Wells Fargo & Company increased their price target on shares of TransDigm Group from $620.00 to $740.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 16th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $709.14.TransDigm Group Stock Down 1.4 %
TransDigm Group stock opened at $514.28 on Friday. The stock has a market cap of $27.89 billion, a P/E ratio of 39.44, a P/E/G ratio of 1.35 and a beta of 1.43. TransDigm Group has a twelve month low of $499.63 and a twelve month high of $686.06. The company's 50-day moving average price is $594.59 and its two-hundred day moving average price is $590.55.
TransDigm Group (NYSE:TDG - Get Rating) last announced its earnings results on Tuesday, August 9th. The aerospace company reported $4.36 EPS for the quarter, topping the consensus estimate of $3.98 by $0.38. TransDigm Group had a net margin of 15.56% and a negative return on equity of 30.80%. The company had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.41 billion. During the same period last year, the firm earned $2.89 earnings per share. The business's revenue for the quarter was up 14.8% on a year-over-year basis. Equities analysts anticipate that TransDigm Group will post 15.01 earnings per share for the current fiscal year. Insider Activity
In related news, Director W Nicholas Howley sold 11,500 shares of the company's stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $592.97, for a total transaction of $6,819,155.00. Following the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $12,777,317.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director W Nicholas Howley sold 11,500 shares of the company's stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $592.97, for a total value of $6,819,155.00. Following the completion of the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $12,777,317.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin M. Stein sold 35,500 shares of the company's stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $661.68, for a total transaction of $23,489,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 51,478 shares of company stock valued at $33,345,506 over the last quarter. Company insiders own 8.96% of the company's stock. Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Chicago Capital LLC raised its holdings in TransDigm Group by 0.4% in the 3rd quarter. Chicago Capital LLC now owns 42,058 shares of the aerospace company's stock worth $22,073,000 after purchasing an additional 163 shares in the last quarter. Douglas Lane & Associates LLC raised its holdings in TransDigm Group by 1.9% in the 3rd quarter. Douglas Lane & Associates LLC now owns 92,535 shares of the aerospace company's stock worth $48,564,000 after purchasing an additional 1,763 shares in the last quarter. Red Door Wealth Management LLC raised its holdings in TransDigm Group by 4.4% in the 3rd quarter. Red Door Wealth Management LLC now owns 5,278 shares of the aerospace company's stock worth $2,769,000 after purchasing an additional 221 shares in the last quarter. Sawtooth Solutions LLC raised its holdings in TransDigm Group by 30.2% in the 3rd quarter. Sawtooth Solutions LLC now owns 595 shares of the aerospace company's stock worth $312,000 after purchasing an additional 138 shares in the last quarter. Finally, Telemus Capital LLC increased its stake in shares of TransDigm Group by 16.7% in the 3rd quarter. Telemus Capital LLC now owns 3,212 shares of the aerospace company's stock worth $1,686,000 after acquiring an additional 460 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors. 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.Read MoreGet a free copy of the StockNews.com research report on TransDigm Group (TDG)MarketBeat: Week in Review 10/10-10/14Is Taiwan Semiconductor A Good Investment For 2023? Trinseo Gets A Downgrade But That Doesn't Stop It From AdvancingDelta Air Lines Looks Ready To Take OffDoes the Zillow Stock Forecast Hint Toward a Turnaround?
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