Investors Sell Shares of TransDigm Group (TDG) on Strength (TDG)
Traders sold shares of TransDigm Group Incorporated (NYSE:TDG) on strength during trading hours on Thursday. $16.87 million flowed into the stock on the tick-up and $31.98 million flowed out of the stock on the tick-down, for a money net flow of $15.11 million out of the stock. Of all equities tracked, TransDigm Group had the 30th highest net out-flow for the day. TransDigm Group traded up $1.96 for the day and closed at $275.77
Several analysts have recently weighed in on TDG shares. Canaccord Genuity reaffirmed a “buy” rating and set a $330.00 price objective on shares of TransDigm Group in a report on Friday, September 15th. Jefferies Group lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $322.00 to $280.00 in a report on Wednesday, September 20th. Zacks Investment Research raised shares of TransDigm Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. SunTrust Banks reaffirmed a “buy” rating and set a $300.00 price objective on shares of TransDigm Group in a report on Monday, October 2nd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $316.00 price target on shares of TransDigm Group in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. TransDigm Group presently has a consensus rating of “Buy” and an average target price of $296.87.
The stock has a market capitalization of $14,190.00, a PE ratio of 32.64, a price-to-earnings-growth ratio of 2.28 and a beta of 0.62. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of -3.86.
TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.30. The company had revenue of $923.89 million for the quarter, compared to analysts’ expectations of $959.77 million. TransDigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $3.29 earnings per share. sell-side analysts expect that TransDigm Group Incorporated will post 12.73 EPS for the current fiscal year.
In related news, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $277.48, for a total transaction of $1,664,880.00. Following the sale, the director now directly owns 75,818 shares in the company, valued at $21,037,978.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Graff sold 1,872 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $278.92, for a total transaction of $522,138.24. Following the sale, the director now owns 9,482 shares in the company, valued at $2,644,719.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,648 shares of company stock worth $26,439,672. 10.52% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of TDG. Tiger Global Management LLC increased its stake in TransDigm Group by 57.4% in the 2nd quarter. Tiger Global Management LLC now owns 4,000,000 shares of the aerospace company’s stock valued at $1,075,480,000 after buying an additional 1,459,272 shares during the last quarter. Capital International Investors increased its stake in TransDigm Group by 51.8% in the 2nd quarter. Capital International Investors now owns 1,332,593 shares of the aerospace company’s stock valued at $358,294,000 after buying an additional 454,568 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of TransDigm Group by 1,843.6% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 191,538 shares of the aerospace company’s stock worth $5,698,000 after purchasing an additional 181,683 shares during the last quarter. Windacre Partnership LLC increased its stake in shares of TransDigm Group by 20.4% during the 3rd quarter. Windacre Partnership LLC now owns 773,100 shares of the aerospace company’s stock worth $197,643,000 after purchasing an additional 131,000 shares during the last quarter. Finally, Matrix Capital Management Company LP increased its stake in shares of TransDigm Group by 16.2% during the 2nd quarter. Matrix Capital Management Company LP now owns 717,783 shares of the aerospace company’s stock worth $192,990,000 after purchasing an additional 100,000 shares during the last quarter.
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About TransDigm Group
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The 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.
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