Traders Sell Shares of TransDigm Group Inc. (TDG) on Strength (TDG)
Investors sold shares of TransDigm Group Inc. (NYSE:TDG) on strength during trading hours 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 stocks 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
A number of equities research analysts have issued reports on TDG shares. Zacks Investment Research lowered shares of TransDigm Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Royal Bank Of Canada restated an “outperform” rating and set a $271.00 price target on shares of TransDigm Group in a report on Saturday, June 25th. Canaccord Genuity restated a “buy” rating and set a $280.00 price target on shares of TransDigm Group in a report on Tuesday, May 24th. KeyCorp upgraded shares of TransDigm Group from a “sector weight” rating to an “overweight” rating in a report on Wednesday, June 29th. Finally, Morgan Stanley began coverage on shares of TransDigm Group in a report on Thursday, June 23rd. They set an “equal weight” rating and a $287.00 price target on the stock. Six equities 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 company. TransDigm Group has an average rating of “Buy” and an average target price of $263.00.
The stock has a 50 day moving average of $260.60 and a 200-day moving average of $232.52. The company has a market cap of $14.29 billion and a P/E ratio of 31.05.
TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 10th. The company reported $2.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.58 by $0.28. The company earned $796.80 million during the quarter, compared to analyst estimates of $777.11 million. During the same quarter last year, the company earned $2.11 EPS. The firm’s quarterly revenue was up 28.7% compared to the same quarter last year. Equities research analysts predict that TransDigm Group Inc. will post $11.22 earnings per share for the current fiscal year.
In related news, VP Gregory Rufus sold 3,345 shares of the stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $230.00, for a total transaction of $769,350.00. Following the completion of the transaction, the vice president now owns 15,345 shares in the company, valued at $3,529,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bernt G. Iversen II sold 10,000 shares of the stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $262.55, for a total transaction of $2,625,500.00. Following the transaction, the executive vice president now owns 15,010 shares of the company’s stock, valued at approximately $3,940,875.50. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of TransDigm Group by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 3,546,621 shares of the company’s stock valued at $810,227,000 after buying an additional 115,687 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of TransDigm Group by 33.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 62,522 shares of the company’s stock valued at $14,284,000 after buying an additional 15,617 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of TransDigm Group by 94.1% in the fourth quarter. Brown Advisory Inc. now owns 9,443 shares of the company’s stock valued at $2,158,000 after buying an additional 4,578 shares during the last quarter. OppenheimerFunds Inc. boosted its position in shares of TransDigm Group by 4.6% in the fourth quarter. OppenheimerFunds Inc. now owns 416,494 shares of the company’s stock valued at $95,148,000 after buying an additional 18,330 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT acquired a new position in shares of TransDigm Group during the fourth quarter valued at approximately $8,600,000.
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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