The stock last traded at $277.50 which is marginally higher than $263.81, the 50 day moving average and which is slightly above the 200 day moving average of $265.23. The 50 day moving average was up by +5.19% and the 200 day average was up $12.27. Trading was light with 354K shares changing hands on Tuesday. Trading volume was down 6.10% under the stocks average daily volume.
Investors are feeling more bearish on shares of the company of late if you take note of the change in short interest. The company had a rise in short interest of 0.89% between September 29, 2017 and October 13, 2017. Short interest increased 66,966 over that period. Days to cover increased 9.0 to 20.0 and the percentage of shorted shares is 0.14% as of October 13.
Here is a rundown on some insider market activity for Transdigm Group Incorporated Tr (NYSE:TDG). Director Raymond F. Laubenthal let go of 6,000 shares at an average price of $264.05 on Mon the 16th. That brings Laubenthal’s holdings to $18,435,443 per an SEC filing yesterday. Raymond F. Laubenthal, Director sold $1,665,600 worth of shares at an average price of $277.60 on August 15th. That brings the Director’s holdings to $19,348,998 as recorded in a recent Form 4 SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (TDG). Aperio Group, LLC augmented its ownership by buying 3,122 shares an increase of 16.4% in the quarter. Aperio Group, LLC currently owns 22,136 shares worth $5,659,000. The value of the position overall is up by 10.7%. As of the end of the quarter State Of New Jersey Common Pension Fund D had sold a total of 17,500 shares trimming its position 31.8%. The value of the investment in TDG went from $14,788,000 to $9,587,000 a change of $5,201,000 quarter to quarter.
Andra Ap-fonden cut its position by selling 800 shares a decrease of 25.0% from 06/30/2017 to 09/30/2017. Andra Ap-fonden now controls 2,400 shares valued at $614,000. The total value of its holdings decreased 28.6%. As of quarter end Edgestream Partners, L.p. had disposed of 4,799 shares trimming its stake by 48.2%. The value of the investment in (TDG) decreased from $2,675,000 to $1,316,000 decreasing 50.8% quarter over quarter.
On August 3 the company was downgraded from “Equal-weight” to “Underweight” by analysts at Stephens & Co.. August 9 investment analysts at Canaccord Genuity maintained a stock rating of “Buy” but moved up the price target from $250.00 to $330.00.
On August 9 Deutsche Bank made no change to the company rating of “Buy” and raised the price target to $320.00 from $305.00. On September 20 the company was changed to “Hold” according to a Jefferies report which is down from the previous “Buy” rating.
The company’s P/E ratio is 30.83 and the market cap 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 currently outstanding. Next quarter’s EPS is forecasted at $2.85 with next year’s EPS 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..