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TDG $1231.6

TDG target price
1231.60
0
814
TransDigm Group Incorporated
Type
Public
Traded as NYSE: TDG
S&P 500 Component
Industry Manufacturing, Aerospace
Predecessor TransDigm Incorporated
Founded 1993
Founder Douglas W. Peacock, Chairman of the Board
Headquarters Cleveland, Ohio, United States
Key people
W. Nicholas Howley, Chief Executive Officer;

Raymond F. Laubenthal, President and Chief Operating Officer;

Gregory Rufus, Chief Financial Officer;

James Riley, Executive Vice President;

Robert S. Henderson, Executive Vice President
Products Aerospace components
Revenue Increase US$ 1.70 billion (2012)
Operating income
Increase US$ 699.8 million (2012)
Net income
Increase US$ 324.9 million (2012)
Total assets Increase US$ 5.46 billion (2012)
Total equity Increase US$ 1.22 billion (2012)
Number of employees
5,400
Divisions
Subsidiaries 15
Website www.transdigm.com
Footnotes / references

TransDigm Group Incorporated develops, distributes and manufactures commercial and military aerospace components such as mechanical actuators and ignition systems.

Transdigm Incorporated was established in 1993 by W. Nicholas Howley and Douglas W. Peacock after acquiring Adel Fasteners, Aero Products Component Services, Controlex Corporation and Wiggins Connectors from IMO Industries.

Four years later, in 1997, the company purchased Marathon Power Technologies.

The next year, Transdigm Incorporated was acquired by Odyssey Investment Partners.

Then, during the final two years of the century, the company added to its list of acquisitions with Adams Rite Aerospace and Christie Electric.

In May 2001, Transdigm Incorporated procured Champion Aviation Products, a supplier of igniters, spark plugs and oil filters from Federal-Mogul Corporation for approximately $160 million. It was at this time that Nicholas Howley took over the position of Chief Executive Officer from Douglas Peacock as Peacock transferred into his role as Chairman of the Board.

In 2003, Transdigm Group Incorporated was formed by Warburg Pincus Private Equity VIII to acquire Transdigm Incorporated. This transaction materialized shortly after TransTechnology Corporation sold Norco, Inc. to Marathon Power Technologies.

Then, in 2004, Transdigm Group procured Avionic Instruments of Avenel, New Jersey, a supplier of specialized power conversion devices for aerospace products.

The following year, Transdigm Group purchased Skurka Engineering of Camarillo, California, a manufacturer and distributor of electromagnetic equipment as well as the Fluid Regulators division of Esterline Technologies, who manufactures flight control valves and pressure valves.

In June 2006, the company then procured both Sweeney Engineering and Electra-Motion Industries for a grand total of $27 million, along with CDA InterCorp in October of that year for an additional $45 million. Three months later, Aviation Technologies, a producer of avionics and instruments, became a part of the TransDigm family followed by Bruce Industries, a producer of fluorescent aircraft lighting, in August 2007.

On January 20, 2017, Citron Research (CR) published a report on TransDigm highlighting its debt-financed acquisitions followed by deep cost cuts and "price gouging". CR published another report on March 9, 2017, accusing TransDigm of illegal activity, noting that twelve of its subsidiaries failed to report their common ownership on federal forms under penalty of perjury. CR pointed out that this omission could be used to defeat federal procurement cost controls.

On March 20, 2017, U.S. Representative Ro Khanna sent a letter to the Department of Defense Inspector General describing reports of "waste, fraud, and abuse" by TransDigm Group and calling for an investigation. He wrote that TransDigm was able to operate as a "hidden monopoly" because its subsidiaries failed to report their common corporate ownership on filings with the Department of Defense (DoD). This omission allowed TransDigm to avoid the requirement that monopoly suppliers to DoD report their costs. The letter also cited several large price increases that occurred after the suppliers had been acquired by TransDigm. For example, a cable assembly increased in price from $1737 to $7863. Rep. Khanna's letter asked the DoD Inspector General to investigate (1) TransDigm price increases borne by DoD and whether performance improvements were behind the increases, (2) how procurement officers would have treated TransDigm differently had their filings been accurate, (3) how to lower short-term costs to DoD of procurement from TransDigm subsidiaries.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2022-11-14 Future report Set alerts
Q3 2022 2022-08-09 4.85 4.85
Q2 2022 2022-05-10 3.86 3.86
Q1 2022 2022-02-08 3.00 3.00
Q4 2021 2021-11-16 4.25 4.25
Q3 2021 2021-08-10 3.33 3.33
Q2 2021 2021-05-11 2.58 2.58
Q1 2021 2021-02-09 1.97 1.97
Q4 2020 2020-11-12 2.89 2.89
Q3 2020 2020-08-04 1.54 1.54

Ratings

2016-06-29 Upgrade KeyBanc Sector Weight to Overweight
2016-06-29 Upgrade KeyCorp Sector Weight to Overweight
2016-06-25 Reiterated Rating RBC Capital Outperform $271.00
2016-06-25 Reiterated Rating Royal Bank Of Canada Outperform $271.00
2016-06-23 Initiated Coverage Morgan Stanley Equal to Equal Weight $287.00
2016-06-22 Boost Price Target Barclays Overweight $285.00 to $300.00
2016-06-22 Boost Price Target Barclays PLC Overweight $285.00 to $300.00
2016-06-21 Reiterated Rating Canaccord Genuity Buy $280.00
2016-06-01 Boost Price Target Canaccord Genuity Buy $260.00 to $265.00
2016-05-24 Reiterated Rating Canaccord Genuity Buy $280.00
2016-05-11 Boost Price Target RBC Capital Outperform $253.00 to $271.00
2016-02-26 Lower Price Target Goldman Sachs $272.00 to $256.00
2016-02-26 Lower Price Target Goldman Sachs Group Inc. $272.00 to $256.00
2016-02-16 Lower Price Target JPMorgan Chase & Co. Neutral $240.00 to $223.00
2016-02-10 Reiterated Rating Barclays Buy
2016-02-10 Reiterated Rating Cowen and Company Buy
2016-02-10 Lower Price Target KeyBanc Overweight $249.00 to $231.00
2016-02-10 Lower Price Target Goldman Sachs Buy $281.00 to $272.00
2016-02-10 Downgrade Citigroup Inc. Neutral
2016-02-10 Upgrade Wellington Shields Hold to Accumulate
2016-02-10 Lower Price Target Canaccord Genuity Buy $265.00 to $255.00
2016-02-09 Upgrade RBC Capital Sector Perform to Outperform $130.00 to $253.00
2016-01-07 Boost Price Target Canaccord Genuity Buy $260.00 to $265.00
2016-01-01 Reiterated Rating Canaccord Genuity Buy $260.00 to $265.00
2015-12-16 Downgrade JPMorgan Chase & Co. Overweight to Neutral $275.00 to $240.00
2015-11-20 Initiated Coverage Wolfe Research Outperform
2015-11-19 Reiterated Rating Canaccord Genuity Buy
2015-11-15 Reiterated Rating Deutsche Bank Hold
2015-11-15 Reiterated Rating Deutsche Bank AG Hold
2015-11-13 Boost Price Target Deutsche Bank $223.00 to $235.00
2015-11-13 Reiterated Rating Barclays Overweight $246.00 to $265.00
2015-11-12 Reiterated Rating Canaccord Genuity Buy $250.00
2015-10-12 Reiterated Rating Deutsche Bank Hold
2015-10-01 Reiterated Rating Canaccord Genuity Buy $250.00
2015-08-24 Reiterated Rating RBC Capital Hold
2015-08-21 Boost Price Target FBR & Co. Sector Perform $255.00 to $261.00
2015-08-21 Boost Price Target RBC Capital Sector Perform $255.00 to $261.00
2015-08-21 Boost Price Target FBR & Co Sector Perform $255.00 to $261.00
2015-08-05 Reiterated Rating RBC Capital Sector Perform $230.00 to $255.00
2015-08-03 Reiterated Rating Canaccord Genuity Buy $230.00 to $250.00
2015-07-14 Initiated Coverage JPMorgan Chase & Co. Overweight $275.00
2015-06-02 Boost Price Target Cowen and Company Outperform $225.00 to $234.00
2015-05-06 Boost Price Target Credit Suisse Outperform $230.00 to $243.00
2015-05-06 Boost Price Target Credit Suisse Group AG Outperform $230.00 to $243.00
2015-05-01 Reiterated Rating Canaccord Genuity Buy $230.00
2015-02-24 Boost Price Target CRT Capital Buy $189.00 to $244.00
2015-02-23 Set Price Target Canaccord Genuity Buy $230.00
2015-01-28 Lower Price Target JPMorgan Chase & Co. Neutral $191.00 to $189.00
2015-01-28 Boost Price Target Canaccord Genuity Buy $220.00 to $230.00
2015-01-28 Boost Price Target RBC Capital Sector Perform $211.00 to $224.00
2015-01-16 Reiterated Rating Deutsche Bank Hold $205.00 to $210.00
2015-01-05 Reiterated Rating Deutsche Bank Hold $190.00 to $205.00
2014-11-17 Boost Price Target JPMorgan Chase & Co. Neutral $180.00 to $191.00
2014-11-14 Boost Price Target Barclays Overweight $200.00 to $212.00
2014-11-14 Reiterated Rating Canaccord Genuity Buy $220.00
2014-10-09 Downgrade Deutsche Bank Buy to Hold $190.00
2014-09-05 Upgrade Bank of America Buy
2014-09-05 Upgrade Bank of America Corp. Buy
2014-09-02 Boost Price Target RBC Capital $3.00 to $190.00
2014-08-06 Boost Price Target RBC Capital $170.00 to $187.00
2014-08-06 Boost Price Target JPMorgan Chase & Co. Neutral $170.00 to $180.00
2014-07-11 Reiterated Rating Credit Suisse Outperform $171.77 to $230.00
2014-06-17 Reiterated Rating Deutsche Bank Buy $200.00 to $190.00
2014-06-10 Lower Price Target RBC Capital Sector Perform $188.00 to $170.00
2014-05-13 Reiterated Rating Goldman Sachs Buy
2014-05-07 Reiterated Rating Citigroup Inc. Overweight $190.00 to $200.00
2014-05-07 Reiterated Rating Credit Suisse Outperform $196.00 to $197.00
2014-05-07 Reiterated Rating JPMorgan Chase & Co. Neutral $171.00 to $170.00
2014-05-07 Boost Price Target Canaccord Genuity Buy $190.00 to $200.00
2014-05-07 Reiterated Rating DA Davidson Neutral $180.00 to $190.00
2014-04-07 Boost Price Target Deutsche Bank Buy $188.00 to $197.00
2014-03-21 Boost Price Target Goldman Sachs $197.00 to $211.00
2014-03-12 Boost Price Target Cowen and Company $185.00 to $200.00
2014-02-07 Boost Price Target CRT Capital Buy $163.00 to $186.00
2014-02-05 Upgrade Morgan Stanley Overweight $185.00
2014-02-05 Boost Price Target RBC Capital Sector Perform $165.00 to $179.00
2014-02-05 Boost Price Target Barclays Overweight $170.00 to $190.00
2014-02-05 Boost Price Target JPMorgan Chase & Co. $158.00 to $171.00
2014-02-05 Boost Price Target Canaccord Genuity $170.00 to $190.00
2014-01-17 Boost Price Target KeyBanc $179.00 to $188.00
2014-01-10 Downgrade DA Davidson Buy to Neutral
2013-11-22 Boost Price Target Barclays $160.00 to $170.00
2013-11-15 Boost Price Target RBC Capital Sector Perform $147.00 to $154.00
2013-11-15 Boost Price Target JPMorgan Chase & Co. Neutral $135.00 to $154.00
2013-11-15 Lower Price Target DA Davidson Buy $175.00 to $170.00
2013-11-15 Reiterated Rating Canaccord Genuity Buy $170.00
2013-11-15 Boost Price Target Morgan Stanley Hold to Buy $32.00 to $170.00
2013-11-15 Upgrade KeyBanc Hold to Buy $170.00
2013-11-07 Boost Price Target Canaccord Genuity Buy $165.00 to $170.00
2013-10-09 Initiated Coverage Canaccord Genuity Buy $165.00
2013-09-18 Downgrade RBC Capital Outperform to Sector Perform $169.00 to $147.00
2012-10-05 Reiterated Imperial Capital Outperform $145 to $160
2012-05-10 Downgrade BB&T Capital Mkts Buy to Hold
2012-05-09 Reiterated Barclays Overweight $140 to $150
2012-02-17 Reiterated UBS Buy $110 to $130
2016-06-29 Upgrade KeyBanc Sector Weight to Overweight
2016-06-29 Upgrade KeyCorp Sector Weight to Overweight
2016-06-25 Reiterated Rating RBC Capital Outperform $271.00
2016-06-25 Reiterated Rating Royal Bank Of Canada Outperform $271.00
2016-06-23 Initiated Coverage Morgan Stanley Equal to Equal Weight $287.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
SMALL ROBERT J 0.62%  (327681) TDG /
BARR DAVID 0.06%  (31382) BLDR / PPO / TDG /
HENNESSY SEAN P 0.06%  (30773) SHW / TDG /
Henderson Robert S Exec.V.P. 0.05%  (25000) TDG /
Iversen Bernt G II Executive Vice President 0.03%  (15010) TDG /
Laubenthal Raymond F President and COO 0.03%  (13212) TDG /
Rufus Gregory Exec. VP, CFO and Secretary 0.02%  (12000) TDG /
Leary John F Executive Vice President 0.02%  (9260) TDG /
Valladares Jorge Executive Vice President 0.02%  (9000) TDG /
Graff Michael 0.01%  (4441) BLDR / PPO / TDG /
Jones Roger Executive Vice President 0.01%  (4000) TDG /
Tenerowicz John Corporate Controller 0.01%  (4000) TDG /
Palmer Peter Executive Vice President 0.01%  (4000) TDG /
Skulina James Executive Vice President 0.01%  (4000) TDG /
Reiss Joel Executive Vice President 0.01%  (3600) TDG /
Feil Alex Executive Vice President 0.01%  (3300) TDG /