TransDigm Group Incorporated (NYSE:TDG) Short Interest Up 19.6% in March

TransDigm Group Incorporated (NYSE:TDG) saw a significant 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 short sold. Based on an average daily trading volume, of 264,200 shares, the short-interest ratio is presently 4.6 days.

TransDigm Group Stock Performance

TDG stock traded up $2.84 during mid-day trading on Wednesday, reaching $1,400.28. The company had a trading volume of 251,485 shares, compared to its average volume of 242,958. TransDigm Group has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The company has a market capitalization of $78.53 billion, a price-to-earnings ratio of 49.39, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The firm has a fifty day simple moving average of $1,344.78 and a 200 day simple moving average of $1,330.16.

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

Insiders Place Their Bets

In related news, Director Robert J. Small sold 3,650 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the completion of the sale, the director now directly owns 15,539 shares in the company, valued at approximately $20,545,510.41. This trade represents a 19.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $7,095,925.44. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,594 shares of company stock valued at $165,646,468. Insiders own 4.09% of the company’s stock.

Institutional Trading of TransDigm Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Public Sector Pension Investment Board raised its position in shares of TransDigm Group by 13.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,453 shares of the aerospace company’s stock worth $3,501,000 after acquiring an additional 300 shares in the last quarter. Captrust Financial Advisors increased its stake in TransDigm Group by 0.8% in the third quarter. Captrust Financial Advisors now owns 2,449 shares of the aerospace company’s stock valued at $3,494,000 after purchasing an additional 20 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in TransDigm Group during the third quarter worth approximately $29,000. Benjamin Edwards Inc. purchased a new stake in shares of TransDigm Group during the 3rd quarter worth approximately $1,550,000. Finally, Ascent Group LLC boosted its holdings in shares of TransDigm Group by 2.1% in the 3rd quarter. Ascent Group LLC now owns 1,039 shares of the aerospace company’s stock valued at $1,483,000 after buying an additional 21 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on TDG. Wells Fargo & Company increased their price objective on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a report on Monday, February 24th. Truist Financial raised their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Citigroup lifted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,480.12.

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.