TransDigm Group Incorporated (TDG) was Initiated by Morgan Stanley to “Equal-Weight”. Morgan Stanley advised their investors in a research report released on Jun 23, 2016.
Many Wall Street Analysts have commented on TransDigm Group Incorporated. Company shares were Reiterated by Barclays on Jun 22, 2016 to “Overweight”, Firm has raised the Price Target to $ 300 from a previous price target of $285 .Company shares were Reiterated by RBC Capital Mkts on May 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 271 from a previous price target of $253 .TransDigm Group Incorporated was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Apr 13, 2016.
On the company’s financial health, TransDigm Group Incorporated reported $2.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on May 10, 2016. Analyst had a consensus of $2.61. The company had revenue of $796.80 million for the quarter, compared to analysts expectations of $775.62 million. The company’s revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 EPS.
TransDigm Group Incorporated opened for trading at $260.99 and hit $263.66 on the upside on Tuesday, eventually ending the session at $262.74, with a gain of 0.49% or 1.27 points. The heightened volatility saw the trading volume jump to 5,35,657 shares. Company has a market cap of $13,920 M.
In a different news, on Jun 14, 2016, John F Leary (Executive Vice President) sold 20,740 shares at $260.55 per share price. According to the SEC, on Jun 9, 2016, W Nicholas Howley (Chief Executive Officer) sold 100,000 shares at $265.42 per share price. On Jun 3, 2016, Robert S Henderson (Exec.V.P.) sold 17,000 shares at $265.71 per share price, according to the Form-4 filing with the securities and exchange commission.
TransDigm Group Incorporated (TransDigm) is a designer producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control Airframe and Non-aviation. Its Power & Control segment includes operations that primarily develop produce and market systems and components that provide power to or control power of the aircraft utilizing electronic fluid power and mechanical motion control technologies. Its Airframe segment includes operations that primarily develop produce and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. Its Non-aviation segment includes operations that primarily develop produce and market products for non-aviation markets. Its product offerings include mechanical/electro-mechanical actuators and controls ignition systems and engine technology and power conditioning devices.