FY2021 Profit Estimate for TransDigm Group Incorporated (NYSE: TDG) released by Truist Securiti
TransDigm Group Incorporated (NYSE: TDG) – Research analysts at Truist Securiti increased their earnings per share (EPS) estimates for fiscal 2021 for shares of TransDigm Group in a research report released on Friday, October 15. Truist Securiti analyst Mr Ciarmoli now predicts the aerospace company will earn $ 10.05 per share for the year, down from $ 9.98 previously.
Several other equity analysts also recently commented on TDG. Truist increased its price target on the TransDigm Group stock from $ 590.00 to $ 600.00 and assigned the stock a “hold” rating in a research report on Wednesday, August 11. Credit Suisse Group raised its price target on TransDigm Group from $ 660.00 to $ 712.00 and gave the company an “outperformance” rating in a report released on Friday August 6. The Goldman Sachs Group launched a cover on TransDigm Group in a report on Friday, September 10. They set a “buy” rating and a target price of $ 732.00 for the stock. TheStreet downgraded TransDigm Group shares from a “b-” rating to a “c” rating in a research note on Monday, September 13. Finally, Jefferies Financial Group reiterated a “buy” note and set a price target of $ 750.00 on shares of TransDigm Group in a research note on Wednesday, September 8. One equity research analyst rated the stock with a sell rating, four issued a keep rating, and eleven gave the company a buy rating. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $ 676.88.
Shares of TransDigm Group opened at $ 639.47 on Monday. The company has a 50-day moving average of $ 618.33 and a 200-day moving average of $ 627.22. The company has a market cap of $ 35.24 billion, a PE ratio of 77.70, a P / E / G ratio of 4.41 and a beta of 1.61. TransDigm Group has a one year minimum of $ 453.76 and a one year maximum of $ 688.03. TransDigm Group (NYSE: TDG) last released its quarterly results on Tuesday, August 10. The aerospace company reported EPS of $ 3.33 for the quarter, beating the Zacks’ consensus estimate of $ 2.97 by $ 0.36. The company posted revenue of $ 1.22 billion for the quarter, compared to analysts’ expectations of $ 1.22 billion. TransDigm Group recorded a negative return on equity of 16.90% and a net margin of 11.78%. The company’s revenue increased 19.2% compared to the same quarter last year. During the same period of the previous year, the company earned $ 1.54 per share.
In addition, CFO Michael Lisman acquired 850 shares in a transaction dated Tuesday, September 7. The shares were purchased at an average cost of $ 591.19 per share, for a total value of $ 502,511.50. As a result of the transaction, the CFO now directly owns 2,059 shares of the company, valued at $ 1,217,260.21. The acquisition was disclosed in a file with the SEC, which is accessible through the SEC’s website. Additionally, director W Nicholas Howley sold 11,500 shares of the company in a trade that took place on Monday, August 16. The stock was sold for an average price of $ 601.55, for a total value of $ 6,917,825.00. Disclosure of this sale can be found here. Insiders sold 33,000 shares of the company valued at $ 20,352,485 in the past three months. Insiders own 9.13% of the company’s shares.
Large investors have recently changed their positions in the stock. BDO Wealth Advisors LLC increased its stake in TransDigm Group by 557.1% during the first quarter. BDO Wealth Advisors LLC now owns 46 shares of the aerospace company valued at $ 27,000 after acquiring 39 additional shares during the period. Ameritas Investment Company LLC acquired a new stake in shares of TransDigm Group in the first quarter valued at $ 29,000. KB Financial Partners LLC acquired a new position in TransDigm Group in the first quarter valued at $ 35,000. Barrett Asset Management LLC purchased a new position in TransDigm Group in the first quarter valued at $ 36,000. Finally, Marshall Wace LLP acquired a new stake in TransDigm Group during the 1st quarter for a value of approximately $ 47,000. 96.22% of the shares are currently held by institutional investors.
TransDigm Group Company Profile
TransDigm Group, Inc. engages in the production of engineering aerospace components, systems and subsystems. It operates through the following segments: power and control, airframe and non-aeronautics. The Power and Control segment comprises businesses that primarily develop, produce and market systems and components that supply or control aircraft power using electronic, fluid, electrical and mechanical motion control technologies.
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