Traders Buy Shares of TransDigm Group (TDG) on Weakness

Traders bought shares of TransDigm Group Incorporated (NYSE:TDG) on weakness during trading hours on Wednesday. $99.52 million flowed into the stock on the tick-up and $78.12 million flowed out of the stock on the tick-down, for a money net flow of $21.40 million into the stock. Of all companies tracked, TransDigm Group had the 28th highest net in-flow for the day. TransDigm Group traded down ($4.89) for the day and closed at $270.22

TDG has been the topic of several research analyst reports. JPMorgan Chase & Co. downgraded TransDigm Group from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. Royal Bank of Canada set a $346.00 price objective on TransDigm Group and gave the company a “buy” rating in a report on Thursday, November 16th. Zacks Investment Research upgraded TransDigm Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. SunTrust Banks reiterated a “buy” rating and issued a $307.00 price objective on shares of TransDigm Group in a report on Friday, November 10th. Finally, Credit Suisse Group boosted their price objective on TransDigm Group from $294.54 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. TransDigm Group has an average rating of “Buy” and a consensus target price of $296.87.

The company has a market cap of $14,040.55, a P/E ratio of 34.45, a P/E/G ratio of 2.27 and a beta of 0.50. The company has a debt-to-equity ratio of -3.86, a current ratio of 2.45 and a quick ratio of 1.61.

TransDigm Group (NYSE:TDG) last released its earnings results on Thursday, November 9th. The aerospace company reported $3.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.18 by $0.30. TransDigm Group had a negative return on equity of 30.13% and a net margin of 12.44%. The firm had revenue of $923.89 million during the quarter, compared to analysts’ expectations of $959.77 million. During the same period in the previous year, the firm posted $3.29 EPS. TransDigm Group’s revenue for the quarter was up 5.6% on a year-over-year basis. equities research analysts predict that TransDigm Group Incorporated will post 12.73 EPS for the current fiscal year.

In other news, VP Robert S. Henderson sold 15,000 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $263.74, for a total transaction of $3,956,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Graff sold 1,872 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $278.92, for a total value of $522,138.24. Following the transaction, the director now directly owns 9,482 shares of the company’s stock, valued at $2,644,719.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,648 shares of company stock valued at $26,439,672. Insiders own 10.52% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Neville Rodie & Shaw Inc. acquired a new stake in shares of TransDigm Group in the 4th quarter valued at about $205,000. Parametric Portfolio Associates LLC boosted its position in shares of TransDigm Group by 7.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 181,288 shares of the aerospace company’s stock valued at $46,346,000 after purchasing an additional 12,292 shares during the period. IFM Investors Pty Ltd acquired a new stake in shares of TransDigm Group in the 3rd quarter valued at about $386,000. Neuberger Berman Group LLC boosted its position in shares of TransDigm Group by 68.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 6,454 shares of the aerospace company’s stock valued at $1,650,000 after purchasing an additional 2,618 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of TransDigm Group by 4.2% in the 3rd quarter. California Public Employees Retirement System now owns 97,593 shares of the aerospace company’s stock valued at $24,950,000 after purchasing an additional 3,893 shares during the period.

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About TransDigm Group

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.

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