TransDigm Group Incorporated (NYSE:TDG) Short Interest Update

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

Analysts Set New Price Targets

A number of analysts have recently commented on TDG shares. KeyCorp upped their target price on TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Susquehanna boosted their target price on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Barclays increased their price target on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. Truist Financial raised their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, TD Cowen upped their target price on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,417.69.

TransDigm Group Trading Up 2.3 %

TDG stock traded up $28.04 during mid-day trading on Tuesday, reaching $1,264.16. The company’s stock had a trading volume of 279,913 shares, compared to its average volume of 222,719. The stock has a market cap of $70.74 billion, a PE ratio of 49.03, a P/E/G ratio of 2.07 and a beta of 1.38. The company’s 50 day moving average is $1,295.95 and its two-hundred day moving average is $1,225.48. TransDigm Group has a fifty-two week low of $802.46 and a fifty-two week high of $1,369.57.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating the consensus estimate 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 business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.39 earnings per share. On average, analysts forecast that TransDigm Group will post 30.21 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, Director Robert J. Small sold 30,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $1,323.86, for a total transaction of $39,715,800.00. Following the sale, the director now owns 112,381 shares in the company, valued at $148,776,710.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robert J. Small sold 21,210 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,315.87, for a total value of $27,909,602.70. Following the completion of the transaction, the director now owns 100,962 shares in the company, valued at approximately $132,852,866.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Small sold 30,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $1,323.86, for a total value of $39,715,800.00. Following the sale, the director now owns 112,381 shares in the company, valued at approximately $148,776,710.66. The disclosure for this sale can be found here. Insiders sold 105,905 shares of company stock valued at $137,900,519 in the last quarter. 4.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC boosted its stake in shares of TransDigm Group by 15.0% in the fourth quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company’s stock valued at $5,913,000 after purchasing an additional 762 shares during the period. Intech Investment Management LLC raised its holdings in TransDigm Group by 68.2% during the fourth quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company’s stock worth $8,630,000 after purchasing an additional 3,458 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of TransDigm Group by 2,361.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock worth $79,909,000 after buying an additional 75,784 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of TransDigm Group in the 4th quarter valued at $1,909,000. Finally, UBS Group AG grew its position in shares of TransDigm Group by 9.4% in the 4th quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock valued at $36,856,000 after buying an additional 3,120 shares during 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.