TransDigm Group Incorporated (NYSE:TDG) Short Interest Update

TransDigm Group Incorporated (NYSE:TDG) saw a large decline in short interest in July. As of July 15th, there was short interest totalling 737,800 shares, a decline of 16.5% from the June 30th total of 884,100 shares. Based on an average daily volume of 240,700 shares, the short-interest ratio is presently 3.1 days. Currently, 1.4% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TDG shares. Morgan Stanley boosted their target price on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 18th. Barclays increased their price objective on TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Monday, May 13th. Deutsche Bank Aktiengesellschaft boosted their target price on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Finally, Wells Fargo & Company upped their price target on TransDigm Group from $1,260.00 to $1,390.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,417.69.

TransDigm Group Trading Up 0.5 %

Shares of TDG stock traded up $6.44 on Friday, hitting $1,234.86. The stock had a trading volume of 207,905 shares, compared to its average volume of 264,088. TransDigm Group has a twelve month low of $802.46 and a twelve month high of $1,369.57. The company has a fifty day moving average price of $1,297.49 and a two-hundred day moving average price of $1,222.50. The firm has a market cap of $69.10 billion, a P/E ratio of 48.98, a PEG ratio of 2.07 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The company’s revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.39 earnings per share. On average, analysts expect that TransDigm Group will post 30.21 earnings per share for the current year.

Insider Activity

In related news, Director W Nicholas Howley sold 197 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total transaction of $259,673.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,292.89, for a total transaction of $12,928,900.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,547,396.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 197 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 105,905 shares of company stock worth $137,900,519. Corporate insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

Several hedge funds have recently bought and sold shares of the stock. Oakworth Capital Inc. acquired a new stake in shares of TransDigm Group during the fourth quarter worth $26,000. Fortitude Family Office LLC raised its stake in shares of TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 17 shares during the period. ORG Partners LLC bought a new stake in shares of TransDigm Group in the first quarter valued at about $30,000. VisionPoint Advisory Group LLC acquired a new position in shares of TransDigm Group during the fourth quarter worth about $37,000. Finally, Oliver Lagore Vanvalin Investment Group grew its holdings in shares of TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after buying an additional 12 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.