TransDigm Group Incorporated (NYSE:TDG) – Equities researchers at Truist Securiti boosted their Q4 2021 earnings estimates for TransDigm Group in a research report issued to clients and investors on Tuesday, July 20th. Truist Securiti analyst M. Ciarmoli now forecasts that the aerospace company will post earnings of $3.64 per share for the quarter, up from their previous estimate of $3.59. Truist Securiti also issued estimates for TransDigm Group’s FY2022 earnings at $16.65 EPS.
A number of other research analysts also recently weighed in on the company. Canaccord Genuity raised their price target on TransDigm Group from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Wednesday, May 12th. Wells Fargo & Company began coverage on TransDigm Group in a research report on Tuesday, May 18th. They issued an “overweight” rating and a $718.00 price objective for the company. Credit Suisse Group dropped their price target on TransDigm Group from $663.00 to $660.00 and set an “outperform” rating for the company in a report on Wednesday, May 12th. Vertical Research raised TransDigm Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $604.00 to $667.00 in a report on Wednesday, May 12th. Finally, Morgan Stanley dropped their price objective on TransDigm Group from $780.00 to $762.00 and set an “overweight” rating for the company in a report on Wednesday, May 12th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. TransDigm Group currently has a consensus rating of “Buy” and a consensus target price of $673.14.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 11th. The aerospace company reported $2.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.38. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. TransDigm Group had a negative return on equity of 13.26% and a net margin of 5.11%. TransDigm Group’s quarterly revenue was down 17.3% on a year-over-year basis. During the same period last year, the company earned $5.10 earnings per share.
In related news, CEO Kevin M. Stein sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, June 7th. The stock was sold at an average price of $664.50, for a total transaction of $26,580,000.00. Following the transaction, the chief executive officer now directly owns 41,347 shares of the company’s stock, valued at approximately $27,475,081.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman W Nicholas Howley sold 11,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 15th. The stock was sold at an average price of $670.42, for a total value of $7,709,830.00. The disclosure for this sale can be found here. Insiders sold a total of 83,000 shares of company stock worth $54,835,440 over the last three months. 9.13% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of TDG. Marshall Wace LLP bought a new stake in TransDigm Group during the 1st quarter worth approximately $47,000. Steward Partners Investment Advisory LLC grew its holdings in shares of TransDigm Group by 336.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 83 shares of the aerospace company’s stock valued at $51,000 after acquiring an additional 64 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of TransDigm Group in the fourth quarter valued at approximately $276,000. Vontobel Holding Ltd. bought a new position in shares of TransDigm Group in the fourth quarter valued at approximately $357,000. Finally, Eaton Vance Management grew its holdings in TransDigm Group by 0.7% during the fourth quarter. Eaton Vance Management now owns 4,263 shares of the aerospace company’s stock valued at $2,638,000 after purchasing an additional 31 shares during the period. 95.30% of the stock is owned by hedge funds and other institutional investors.
About TransDigm Group
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.
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