Shares are trading at $277.50 which is a tad above $263.81, the stock’s 50 day moving average and just a bit higher than the 200 day moving average of $265.23. The 50 day moving average was up $13.69 and the 200 day average moved up $12.27. Transdigm Group Incorporated Tr shares had a trading volume of 354K on Tuesday. Trading volume was down 6.10% under the stocks average daily volume.
Investors are a little more bearish on Transdigm Group Incorporated Tr lately if you look at the uptick in short interest. The company had a rise in short interest of 0.89% as of October 13, 2017 from the last reporting period. Short shares grew from 7,525,390 to 7,592,356 over that period. The days to cover increased to 20.0 and the percentage of shorted shares is 0.14% as of October 13.
There has been some selling insider activity on Transdigm Group Incorporated Tr (NYSE:TDG) recently. Director Raymond F. Laubenthal sold 6,000 shares at an average price of $264.05 on Mon the 16th. Laubenthal now owns $18,435,443 of stock per an SEC filing yesterday. Director Raymond F. Laubenthal disclosed the sale of 6,000 shares of (TDG). The shares were purchased at an average price of $277.60. The Director now owns $19,348,998 of the stock according to the SEC filing.
These firms have modified their investment in TDG. Aperio Group, LLC augmented its position by buying 3,122 shares an increase of 16.4% in the quarter. Aperio Group, LLC currently owns 22,136 shares valued at $5,659,000. The total value of its holdings increased 10.7%. As of the end of the quarter State Of New Jersey Common Pension Fund D had disposed of 17,500 shares trimming its position 31.8%. The value in dollars decreased from $14,788,000 to $9,587,000 a change of $5,201,000 since the last quarter.
As of quarter end Andra Ap-fonden had sold a total of 800 shares trimming its stake by 25.0%. The value of the investment in TDG went from $860,000 to $614,000 a change of 28.6% quarter over quarter. Edgestream Partners, L.p. cut its stake by selling 4,799 shares a decrease of 48.2% from 06/30/2017 to 09/30/2017. Edgestream Partners, L.p. controls 5,149 shares worth $1,316,000. The value of the position overall is down by 50.8%.
On August 3 the stock rating was downgraded to “Underweight” from “Equal-weight” in a report from Stephens & Co.. August 9 investment analysts at Canaccord Genuity maintained a stock rating of “Buy” and raised the price target to $330.00 from $250.00.
On August 9 Deutsche Bank held the company rating at “Buy” but moved up the price target from $305.00 to $320.00. On September 20 the company was downgraded from “Buy” to “Hold” in an announcement from Jefferies.
Transdigm Group Incorporated Tr’s P/E ratio is 30.83 and the market value is 14.41B. In the latest earnings report the EPS was $9.00 and is projected to be $12.29 for the current year with 51,910,000 shares now outstanding. Next quarter’s EPS is expected be $2.85 and the next full year EPS is projected to be $13.44.
TransDigm Group Incorporated, launched on July 8, 2003, is a global designer, producer and supplier of engineered aircraft components for commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation..