TransDigm Group (NYSE:TDG) Hits New 12-Month High on Strong Earnings

TransDigm Group Incorporated (NYSE:TDG) hit a new 52-week high during trading on Tuesday following a better than expected earnings announcement. The stock traded as high as $554.45 and last traded at $538.35, with a volume of 213047 shares traded. The stock had previously closed at $461.33.

The aerospace company reported $4.95 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.94. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.58 billion. TransDigm Group had a negative return on equity of 50.29% and a net margin of 19.44%. The business’s quarterly revenue was up 69.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.59 earnings per share.

Several research firms have recently weighed in on TDG. Barclays restated a “buy” rating on shares of TransDigm Group in a research report on Wednesday, May 15th. Longbow Research began coverage on TransDigm Group in a research report on Tuesday, April 9th. They set a “neutral” rating on the stock. UBS Group lifted their price objective on TransDigm Group from $540.00 to $565.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Morgan Stanley began coverage on TransDigm Group in a research report on Tuesday, June 4th. They set an “equal weight” rating and a $520.00 price objective on the stock. Finally, Berenberg Bank set a $540.00 price objective on TransDigm Group and gave the stock a “buy” rating in a research report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $491.27.

In other TransDigm Group news, VP Robert S. Henderson sold 10,000 shares of TransDigm Group stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $467.38, for a total value of $4,673,800.00. Following the sale, the vice president now owns 35,000 shares in the company, valued at $16,358,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman W Nicholas Howley sold 17,083 shares of TransDigm Group stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $466.89, for a total value of $7,975,881.87. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,749 shares of company stock worth $30,135,018. 11.00% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its stake in shares of TransDigm Group by 9.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 283 shares of the aerospace company’s stock valued at $129,000 after buying an additional 24 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of TransDigm Group by 2.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,125 shares of the aerospace company’s stock valued at $511,000 after buying an additional 27 shares in the last quarter. CMC Financial Group grew its stake in shares of TransDigm Group by 0.7% in the first quarter. CMC Financial Group now owns 4,013 shares of the aerospace company’s stock valued at $1,822,000 after buying an additional 29 shares in the last quarter. Stephens Inc. AR grew its stake in shares of TransDigm Group by 0.3% in the first quarter. Stephens Inc. AR now owns 10,548 shares of the aerospace company’s stock valued at $4,789,000 after buying an additional 32 shares in the last quarter. Finally, Raymond James Trust N.A. grew its stake in shares of TransDigm Group by 2.4% in the second quarter. Raymond James Trust N.A. now owns 1,679 shares of the aerospace company’s stock valued at $812,000 after buying an additional 40 shares in the last quarter. Institutional investors own 98.98% of the company’s stock.

The firm’s 50 day simple moving average is $488.32. The stock has a market capitalization of $25.05 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 2.48 and a beta of 1.06.

TransDigm Group Company Profile (NYSE:TDG)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The 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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