TransDigm Group Sees Unusually Large Options Volume (TDG)
TransDigm Group Incorporated (NYSE:TDG) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 714 call options on the stock. This is an increase of approximately 1,328% compared to the typical daily volume of 50 call options.
TransDigm Group (TDG) opened at $292.50 on Monday. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of -3.86. The stock has a market cap of $15,200.00, a P/E ratio of 34.62, a PEG ratio of 2.46 and a beta of 0.62. TransDigm Group has a 1 year low of $203.72 and a 1 year high of $295.00.
TransDigm Group (NYSE:TDG) last announced its earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.30. The business had revenue of $923.89 million for the quarter, compared to analyst estimates of $959.77 million. TransDigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The company’s revenue for the quarter 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. research analysts predict that TransDigm Group will post 12.73 EPS for the current year.
In related news, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $263.94, for a total value of $1,583,640.00. Following the sale, the director now owns 75,818 shares of the company’s stock, valued at $20,011,402.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO W Nicholas Howley sold 63,776 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $268.60, for a total transaction of $17,130,233.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,648 shares of company stock worth $20,900,892. 10.52% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of TransDigm Group by 3.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock worth $103,000 after acquiring an additional 14 shares during the last quarter. Neville Rodie & Shaw Inc. purchased a new position in shares of TransDigm Group during the fourth quarter worth approximately $205,000. HighTower Advisors LLC purchased a new position in shares of TransDigm Group during the second quarter worth approximately $201,000. Laurion Capital Management LP purchased a new position in shares of TransDigm Group during the second quarter worth approximately $205,000. Finally, Trexquant Investment LP purchased a new position in shares of TransDigm Group during the third quarter worth approximately $209,000.
TDG has been the topic of several recent analyst reports. Jefferies Group lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $322.00 to $280.00 in a research note on Wednesday, September 20th. SunTrust Banks reiterated a “buy” rating and issued a $300.00 price target on shares of TransDigm Group in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of TransDigm Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Robert W. Baird reiterated a “buy” rating and issued a $300.00 price target on shares of TransDigm Group in a research note on Thursday, October 12th. Finally, Cowen reiterated a “hold” rating and issued a $290.00 price target on shares of TransDigm Group in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. TransDigm Group has an average rating of “Buy” and an average price target of $297.17.
TransDigm Group Company Profile
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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