TransDigm Group Incorporated has been receiving increased attention from asset management and hedge fund firms. Several notable transactions include
Mediolanum International Funds Ltd's purchase of 944 shares,
KeyCorp's increase of TransDigm's price target to $1,500.00 and
Allspring Global Investments Holdings LLC buying shares.
Zacks Research has projected higher earnings for the company, while
Goldman Sachs has ranked it as one of the best hedge fund stock picks. TransDigm has reported strong
fiscal 2024 third quarter results and topped Q3 earnings and revenue estimates.
The company's subsidiary has planned a $3.0 billion new secured debt offering. TransDigm has completed the acquisition of Raptor Scientific and has come to the forefront as a significant aerospace and defense stock. It has delivered
stellar returns of 226% in the past five years and even
declared a $75.00 special dividend. The consistent performance has led to a price target boost to $1,555.00 by
JPMorgan Chase & Co. Other noteworthy activities include COO Joel Reiss selling 3,000 shares, the declaration of a special cash dividend of $75.00 per share, and acquisition of the Electron Device Business of Communications & Power Industries (CPI).
Transdigm Group TDG News Analytics from Thu, 08 Feb 2024 08:00:00 GMT to Sat, 26 Oct 2024 10:40:27 GMT -
Rating 9
- Innovation 6
- Information 7
- Rumor 2
