TransDigm Group Incorporated (NYSE:TDG) Sees Significant Decline in Short Interest

TransDigm Group Incorporated (NYSE:TDG) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 2,580,000 shares, a decrease of 9.2% from the January 15th total of 2,840,000 shares. Based on an average trading volume of 298,200 shares, the days-to-cover ratio is presently 8.7 days. Approximately 5.0% of the company’s shares are short sold.

Several equities research analysts have issued reports on the company. Canaccord Genuity increased their price target on TransDigm Group from $625.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Bank of America restated a “buy” rating and issued a $637.00 price target (down from $670.00) on shares of TransDigm Group in a report on Tuesday, December 31st. Cowen restated a “buy” rating and issued a $655.00 price target on shares of TransDigm Group in a report on Tuesday, February 4th. UBS Group upped their price objective on TransDigm Group from $645.00 to $685.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, SunTrust Banks upped their price objective on TransDigm Group from $560.00 to $590.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $617.54.

Shares of TDG stock traded down $8.92 on Friday, hitting $646.75. 507,165 shares of the stock were exchanged, compared to its average volume of 367,612. The firm has a market capitalization of $34.52 billion, a P/E ratio of 50.25, a price-to-earnings-growth ratio of 2.55 and a beta of 0.97. The business has a 50-day moving average of $618.87 and a 200 day moving average of $557.09. TransDigm Group has a fifty-two week low of $421.98 and a fifty-two week high of $673.51.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $4.93 earnings per share for the quarter, topping the consensus estimate of $4.13 by $0.80. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. TransDigm Group had a negative return on equity of 45.77% and a net margin of 13.87%. TransDigm Group’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.85 earnings per share. As a group, equities research analysts expect that TransDigm Group will post 19.9 earnings per share for the current fiscal year.

In other TransDigm Group news, EVP Bernt G. Iversen II sold 8,335 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $639.84, for a total value of $5,333,066.40. Following the completion of the sale, the executive vice president now directly owns 13,345 shares in the company, valued at $8,538,664.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bernt G. Iversen II sold 8,333 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $564.87, for a total value of $4,707,061.71. Following the completion of the sale, the executive vice president now owns 12,643 shares of the company’s stock, valued at $7,141,651.41. The disclosure for this sale can be found here. Insiders sold 96,150 shares of company stock valued at $57,613,025 over the last 90 days. Corporate insiders own 11.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Savior LLC acquired a new position in TransDigm Group during the fourth quarter valued at approximately $25,000. Usca Ria LLC acquired a new position in TransDigm Group during the third quarter valued at approximately $30,000. Parkside Financial Bank & Trust boosted its position in TransDigm Group by 46.8% during the third quarter. Parkside Financial Bank & Trust now owns 69 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 22 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in TransDigm Group during the fourth quarter valued at approximately $36,000. Finally, Whittier Trust Co. boosted its position in TransDigm Group by 1,825.0% during the third quarter. Whittier Trust Co. now owns 77 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 73 shares during the last quarter. 98.70% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Company Profile

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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