An issue of TransDigm Group Incorporated (NYSE:TDG) bonds rose 0.6% as a percentage of their face value during trading on Wednesday. The debt issue has a 6% coupon and is set to mature on July 15, 2022. The debt is now trading at $102.00 and was trading at $101.88 one week ago. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.
A number of analysts recently issued reports on TDG shares. Wolfe Research cut TransDigm Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 15th. ValuEngine lowered TransDigm Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Canaccord Genuity upped their target price on TransDigm Group from $350.00 to $375.00 and gave the stock a “positive” rating in a research note on Friday, June 29th. Credit Suisse Group upped their target price on TransDigm Group from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, June 29th. Finally, Jefferies Financial Group upped their target price on TransDigm Group from $323.00 to $350.00 and gave the stock a “hold” rating in a research note on Friday, June 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. TransDigm Group currently has a consensus rating of “Buy” and an average price target of $365.00.
NYSE TDG traded up $0.19 during trading on Wednesday, reaching $351.71. The company’s stock had a trading volume of 309,900 shares, compared to its average volume of 418,850. The firm has a market capitalization of $18.42 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.82 and a beta of 0.77. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of -5.96. TransDigm Group Incorporated has a one year low of $249.57 and a one year high of $377.67.
TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 7th. The aerospace company reported $4.01 earnings per share for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.06). The business had revenue of $980.70 million during the quarter, compared to the consensus estimate of $995.06 million. TransDigm Group had a negative return on equity of 29.79% and a net margin of 20.68%. TransDigm Group’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.30 earnings per share. research analysts anticipate that TransDigm Group Incorporated will post 16.85 EPS for the current fiscal year.
In other news, EVP Roger Jones sold 5,000 shares of the stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $339.16, for a total transaction of $1,695,800.00. Following the transaction, the executive vice president now directly owns 9,000 shares in the company, valued at approximately $3,052,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Skulina sold 10,000 shares of the stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $342.53, for a total value of $3,425,300.00. Following the transaction, the insider now owns 14,000 shares in the company, valued at $4,795,420. The disclosure for this sale can be found here. Insiders sold a total of 50,700 shares of company stock worth $17,647,159 over the last 90 days. Corporate insiders own 11.45% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Smithfield Trust Co. increased its position in shares of TransDigm Group by 800.0% during the 2nd quarter. Smithfield Trust Co. now owns 315 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 280 shares during the last quarter. Fort L.P. bought a new position in shares of TransDigm Group during the 2nd quarter valued at about $123,000. Piedmont Investment Advisors LLC bought a new position in shares of TransDigm Group during the 2nd quarter valued at about $190,000. JMG Financial Group Ltd. bought a new position in shares of TransDigm Group during the 2nd quarter valued at about $203,000. Finally, BB&T Securities LLC bought a new position in shares of TransDigm Group during the 2nd quarter valued at about $204,000.
About TransDigm Group (NYSE:TDG)
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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