Short Interest in TransDigm Group Incorporated (NYSE:TDG) Grows By 19.6%

TransDigm Group Incorporated (NYSE:TDG) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,220,000 shares, a growth of 19.6% from the February 28th total of 1,020,000 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 264,200 shares, the days-to-cover ratio is presently 4.6 days.

TransDigm Group Price Performance

NYSE TDG traded down $29.36 during trading hours on Thursday, hitting $1,370.21. The company’s stock had a trading volume of 184,445 shares, compared to its average volume of 242,793. TransDigm Group has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The company’s 50 day simple moving average is $1,345.69 and its two-hundred day simple moving average is $1,330.65. The company has a market cap of $76.85 billion, a P/E ratio of 48.38, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $7.16 earnings per share. As a group, research analysts predict that TransDigm Group will post 35.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup raised their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Susquehanna raised their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Wednesday. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday. Truist Financial lifted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a research report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,480.12.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,896,144. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock worth $165,646,468 in the last three months. 4.09% of the stock is owned by insiders.

Hedge Funds Weigh In On TransDigm Group

A number of institutional investors and hedge funds have recently modified their holdings of TDG. Erste Asset Management GmbH purchased a new position in TransDigm Group in the third quarter worth about $29,000. Capital Advisors Ltd. LLC lifted its stake in shares of TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont boosted its holdings in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after buying an additional 15 shares during the last quarter. Park Square Financial Group LLC bought a new stake in TransDigm Group during the fourth quarter valued at approximately $32,000. Finally, Versant Capital Management Inc increased its holdings in TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares during the last quarter. 95.78% of the stock is currently 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 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.