Investors Sell TransDigm Group Inc. (TDG) on Strength (TDG)
Investors sold shares of TransDigm Group Inc. (NYSE:TDG) on strength during trading on Thursday. $21.00 million flowed into the stock on the tick-up and $43.05 million flowed out of the stock on the tick-down, for a money net flow of $22.05 million out of the stock. Of all companies tracked, TransDigm Group had the 0th highest net out-flow for the day. TransDigm Group traded up $0.14 for the day and closed at $262.46
TDG has been the topic of several research reports. Canaccord Genuity reissued a “buy” rating and set a $280.00 price target on shares of TransDigm Group in a research report on Tuesday, June 21st. Morgan Stanley started coverage on shares of TransDigm Group in a report on Thursday, June 23rd. They issued an “equal weight” rating and a $287.00 target price on the stock. Zacks Investment Research cut shares of TransDigm Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 12th. Royal Bank Of Canada raised their target price on shares of TransDigm Group from $253.00 to $271.00 and gave the company an “outperform” rating in a report on Wednesday, May 11th. Finally, KeyCorp raised shares of TransDigm Group from a “sector weight” rating to an “overweight” rating in a report on Wednesday, June 29th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $263.00.
The stock has a 50-day moving average price of $259.95 and a 200 day moving average price of $232.20. The firm has a market cap of $13.90 billion and a price-to-earnings ratio of 30.21.
TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 10th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.58 by $0.28. The firm had revenue of $796.80 million for the quarter, compared to analysts’ expectations of $777.11 million. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.11 EPS. Equities research analysts predict that TransDigm Group Inc. will post $11.22 EPS for the current year.
In related news, CEO W Nicholas Howley sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $265.01, for a total transaction of $26,501,000.00. Following the transaction, the chief executive officer now directly owns 126,735 shares of the company’s stock, valued at approximately $33,586,042.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory Rufus sold 3,345 shares of the business’s stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of $230.00, for a total value of $769,350.00. Following the transaction, the vice president now directly owns 15,345 shares in the company, valued at $3,529,350. The disclosure for this sale can be found here.
A number of institutional investors recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its position in TransDigm Group by 191.6% in the fourth quarter. GSA Capital Partners LLP now owns 4,663 shares of the company’s stock valued at $1,065,000 after buying an additional 3,064 shares during the period. Andra AP fonden raised its position in TransDigm Group by 27.3% in the fourth quarter. Andra AP fonden now owns 5,600 shares of the company’s stock valued at $1,279,000 after buying an additional 1,200 shares during the period. Trexquant Investment LP bought a new position in TransDigm Group during the fourth quarter valued at approximately $1,280,000. US Bancorp DE raised its position in TransDigm Group by 4.6% in the fourth quarter. US Bancorp DE now owns 5,728 shares of the company’s stock valued at $1,309,000 after buying an additional 250 shares during the period. Finally, Tocqueville Asset Management L.P. raised its position in TransDigm Group by 13.1% in the fourth quarter. Tocqueville Asset Management L.P. now owns 6,025 shares of the company’s stock valued at $1,376,000 after buying an additional 700 shares during the period.
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.
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