TransDigm Group Sees Unusually Large Options Volume (TDG)

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TransDigm Group Incorporated (NYSE:TDG) was the recipient of unusually large options trading activity on Thursday. Traders bought 8,777 put options on the stock. This is an increase of 3,012% compared to the typical daily volume of 282 put options.

TDG stock opened at $457.75 on Friday. TransDigm Group has a 52-week low of $307.36 and a 52-week high of $489.95. The stock has a market cap of $24.47 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.37 and a beta of 1.01.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $4.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.73 by $0.48. TransDigm Group had a net margin of 19.44% and a negative return on equity of 50.29%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company earned $3.79 earnings per share. The business’s quarterly revenue was up 28.2% compared to the same quarter last year. On average, equities research analysts predict that TransDigm Group will post 16.12 EPS for the current fiscal year.

TDG has been the topic of several analyst reports. SunTrust Banks increased their target price on shares of TransDigm Group to $452.00 and gave the stock a “buy” rating in a research report on Wednesday, February 6th. Credit Suisse Group increased their target price on shares of TransDigm Group from $405.00 to $476.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. Canaccord Genuity increased their target price on shares of TransDigm Group from $400.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, February 6th. Zacks Investment Research downgraded shares of TransDigm Group from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Finally, Goldman Sachs Group initiated coverage on shares of TransDigm Group in a report on Monday, March 18th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $454.64.

In other TransDigm Group news, Chairman W Nicholas Howley sold 17,083 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $466.89, for a total transaction of $7,975,881.87. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mervin Dunn sold 8,944 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $432.28, for a total transaction of $3,866,312.32. The disclosure for this sale can be found here. Insiders have sold 69,793 shares of company stock worth $31,178,900 over the last three months. Company insiders own 11.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 12.4% in the third quarter. JPMorgan Chase & Co. now owns 35,903 shares of the aerospace company’s stock valued at $13,366,000 after buying an additional 3,956 shares during the period. Teachers Advisors LLC lifted its stake in shares of TransDigm Group by 11.9% in the third quarter. Teachers Advisors LLC now owns 199,120 shares of the aerospace company’s stock valued at $74,132,000 after buying an additional 21,192 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of TransDigm Group by 7.0% in the third quarter. TIAA CREF Investment Management LLC now owns 401,371 shares of the aerospace company’s stock valued at $149,430,000 after buying an additional 26,175 shares during the period. Nordea Investment Management AB lifted its stake in shares of TransDigm Group by 18.6% in the third quarter. Nordea Investment Management AB now owns 16,747 shares of the aerospace company’s stock valued at $6,236,000 after buying an additional 2,624 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of TransDigm Group by 1.2% in the third quarter. Legal & General Group Plc now owns 222,962 shares of the aerospace company’s stock valued at $83,008,000 after buying an additional 2,579 shares during the period.

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About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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