Stock Traders Purchase Large Volume of Put Options on TransDigm Group (TDG)

TransDigm Group Incorporated (NYSE:TDG) was the target of some unusual options trading activity on Thursday. Stock traders bought 8,777 put options on the stock. This is an increase of 3,012% compared to the average volume of 282 put options.

In other news, EVP Jorge Valladares sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $436.99, for a total value of $2,184,950.00. Following the sale, the executive vice president now directly owns 14,000 shares of the company’s stock, valued at approximately $6,117,860. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Small acquired 229,940 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was acquired at an average cost of $434.90 per share, for a total transaction of $100,000,906.00. Following the completion of the acquisition, the director now directly owns 37,175 shares in the company, valued at $16,167,407.50. The disclosure for this purchase can be found here. Insiders sold a total of 69,793 shares of company stock worth $31,178,900 over the last ninety days. Insiders own 11.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of TDG. JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 12.4% during the third quarter. JPMorgan Chase & Co. now owns 35,903 shares of the aerospace company’s stock valued at $13,366,000 after purchasing an additional 3,956 shares in the last quarter. Teachers Advisors LLC raised its position in shares of TransDigm Group by 11.9% in the third quarter. Teachers Advisors LLC now owns 199,120 shares of the aerospace company’s stock valued at $74,132,000 after buying an additional 21,192 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of TransDigm Group by 7.0% in the third quarter. TIAA CREF Investment Management LLC now owns 401,371 shares of the aerospace company’s stock valued at $149,430,000 after buying an additional 26,175 shares during the last quarter. Nordea Investment Management AB raised its position in shares of TransDigm Group by 18.6% in the third quarter. Nordea Investment Management AB now owns 16,747 shares of the aerospace company’s stock valued at $6,236,000 after buying an additional 2,624 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of TransDigm Group by 1.2% in the third quarter. Legal & General Group Plc now owns 222,962 shares of the aerospace company’s stock valued at $83,008,000 after buying an additional 2,579 shares during the last quarter.

NYSE TDG traded down $9.12 during mid-day trading on Friday, reaching $456.02. 16,775 shares of the stock were exchanged, compared to its average volume of 307,290. TransDigm Group has a 1 year low of $307.36 and a 1 year high of $489.95. The company has a market capitalization of $24.47 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 2.37 and a beta of 1.01.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $4.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.73 by $0.48. TransDigm Group had a net margin of 19.44% and a negative return on equity of 50.29%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm posted $3.79 earnings per share. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. As a group, equities analysts predict that TransDigm Group will post 16.12 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of TransDigm Group from a “hold” rating to a “sell” rating in a report on Friday, February 8th. JPMorgan Chase & Co. upped their price objective on shares of TransDigm Group from $465.00 to $515.00 and gave the company an “underweight” rating in a report on Tuesday. Canaccord Genuity upped their price objective on shares of TransDigm Group from $400.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 6th. Cowen reaffirmed a “buy” rating and issued a $520.00 price objective (up from $460.00) on shares of TransDigm Group in a report on Monday, March 25th. Finally, Longbow Research assumed coverage on shares of TransDigm Group in a report on Tuesday, April 9th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $454.64.

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About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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