TransDigm's Latest $4 Billion Deal: The Benefits and the Risks [The Motley Fool]
Transdigm Group Incorporated (TDG)
Last transdigm group incorporated earnings: 2/4 07:15 am
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Source: The Motley Fool
Will the prolific dealmaker's playbook work on a fixer-upper acquisition? TransDigm Group ( NYSE:TDG ) is stretching beyond its comfort zone with its $4 billion acquisition of aerospace rival Esterline Technologies ( NYSE:ESL ) , paying up for an asset that has been a modest performer. And although the strategic rational makes sense, the company is going to have to tread carefully in the quarters to come to make this purchase work for shareholders. TransDigm is no stranger to M&A, using more than 60 acquisitions since its formation in 1992 to build a portfolio of aerospace components, but it has never done a deal this big. Given that the buyer is paying a hefty 38% premium to Esterline's Oct. 9 close for what is arguably a fixer-upper, it's no surprise that TransDigm shares traded down 10% in the three days following the announcement. Esterline's product offering includes a cockpit avionics upgrade for transport planes including the C-130. Image source: Es
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TDG
News
- TransDigm Group Incorporated (NYSE: TDG) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $1,285.00 to $1,518.00. They now have a "buy" rating on the stock.MarketBeat
- Why TransDigm (TDG) is Poised to Beat Earnings Estimates Again [Yahoo! Finance]Yahoo! Finance
- How to Boost Your Portfolio with Top Aerospace Stocks Set to Beat Earnings [Yahoo! Finance]Yahoo! Finance
- TransDigm Group Incorporated (NYSE: TDG) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- TransDigm Group Incorporated (NYSE: TDG) had its price target raised by analysts at Citigroup Inc. from $1,380.00 to $1,395.00. They now have a "buy" rating on the stock.MarketBeat
TDG
Earnings
- 2/8/24 - Beat
TDG
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 3/26/24 - Form 4
- TDG's page on the SEC website