Investors sold shares of TransDigm Group (NYSE:TDG) on strength during trading on Monday. $18.23 million flowed into the stock on the tick-up and $56.30 million flowed out of the stock on the tick-down, for a money net flow of $38.07 million out of the stock. Of all equities tracked, TransDigm Group had the 0th highest net out-flow for the day. TransDigm Group traded up $0.43 for the day and closed at $328.13
Several research firms have recently weighed in on TDG. SunTrust Banks boosted their price target on TransDigm Group to $335.00 and gave the stock a “buy” rating in a report on Monday, April 16th. Stephens upgraded TransDigm Group to a “hold” rating in a report on Thursday, February 22nd. Morgan Stanley boosted their price target on TransDigm Group from $306.00 to $321.00 and gave the stock an “equal weight” rating in a report on Thursday, April 12th. Credit Suisse Group restated an “outperform” rating and set a $337.00 price target (up from $320.00) on shares of TransDigm Group in a report on Wednesday, February 7th. Finally, Royal Bank of Canada restated a “buy” rating and set a $356.00 price target on shares of TransDigm Group in a report on Friday, April 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. TransDigm Group has a consensus rating of “Buy” and a consensus price target of $326.57.
The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of -4.38. The company has a market capitalization of $17,127.18, a P/E ratio of 26.90, a P/E/G ratio of 1.68 and a beta of 0.78.
In other TransDigm Group news, VP Robert S. Henderson sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of $311.12, for a total value of $3,111,200.00. Following the transaction, the vice president now directly owns 35,000 shares of the company’s stock, valued at $10,889,200. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Roger Jones sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 17th. The shares were sold at an average price of $321.77, for a total value of $1,608,850.00. Following the completion of the transaction, the executive vice president now directly owns 9,000 shares in the company, valued at $2,895,930. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,644 shares of company stock worth $26,937,612. 11.45% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of TDG. Northwestern Mutual Wealth Management Co. raised its position in shares of TransDigm Group by 43.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519 shares of the aerospace company’s stock worth $142,000 after purchasing an additional 158 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of TransDigm Group by 540.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 538 shares of the aerospace company’s stock worth $148,000 after purchasing an additional 454 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of TransDigm Group by 45.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 646 shares of the aerospace company’s stock worth $177,000 after purchasing an additional 202 shares during the period. Alps Advisors Inc. acquired a new position in shares of TransDigm Group during the fourth quarter worth approximately $205,000. Finally, Neville Rodie & Shaw Inc. acquired a new position in shares of TransDigm Group during the fourth quarter worth approximately $205,000.
About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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