Could TransDigm Group Incorporated (TDG) Change Direction After Reaching 52-Week High?

April 20, 2018 - By Stephen Andrade

TransDigm Group Incorporated (NYSE:TDG) Logo

Investors sentiment increased to 1 in Q4 2017. Its up 0.07, from 0.93 in 2017Q3. It improved, as 27 investors sold TransDigm Group Incorporated shares while 130 reduced holdings. 43 funds opened positions while 114 raised stakes. 55.96 million shares or 1.17% less from 56.62 million shares in 2017Q3 were reported.
Kentucky Retirement Systems owns 0.06% invested in TransDigm Group Incorporated (NYSE:TDG) for 2,980 shares. Kentucky Retirement Systems Insurance Fund holds 1,283 shares. Citigroup stated it has 0% of its portfolio in TransDigm Group Incorporated (NYSE:TDG). Darsana Cap Prtnrs L P has 450,000 shares. Reliance Of Delaware has 1,212 shares. Retail Bank Of Montreal Can invested 0.01% of its portfolio in TransDigm Group Incorporated (NYSE:TDG). 2,135 were accumulated by Ls Investment Advisors Ltd Liability. Legal & General Gp Public Lc stated it has 0.06% of its portfolio in TransDigm Group Incorporated (NYSE:TDG). Farmers And Merchants Invests reported 0% in TransDigm Group Incorporated (NYSE:TDG). King Luther Cap Mgmt Corp, Texas-based fund reported 3,270 shares. Moreover, Ahl Prtnrs Llp has 0.07% invested in TransDigm Group Incorporated (NYSE:TDG). Shell Asset Mgmt invested in 3,534 shares or 0.02% of the stock. Covington Capital has invested 0% in TransDigm Group Incorporated (NYSE:TDG). Prudential Incorporated, New Jersey-based fund reported 67,917 shares. Profund Advisors Lc holds 1,641 shares or 0.02% of its portfolio.

Since January 16, 2018, it had 1 insider buy, and 13 sales for $34.75 million activity. 5,000 shares were sold by Jones Roger, worth $1.50 million. Henderson Robert S had sold 10,000 shares worth $3.11 million. Another trade for 9,750 shares valued at $3.12M was sold by Valladares Jorge. Another trade for 15,900 shares valued at $4.75M was made by Peacock Douglas W on Friday, February 16. Stein Kevin M bought 1,347 shares worth $399,774. Howley W Nicholas sold $2.80M worth of TransDigm Group Incorporated (NYSE:TDG) on Wednesday, March 14.

The stock of TransDigm Group Incorporated (NYSE:TDG) hit a new 52-week high and has $359.72 target or 9.00 % above today’s $330.02 share price. The 6 months bullish chart indicates low risk for the $17.23B company. The 1-year high was reported on Apr, 20 by Barchart.com. If the $359.72 price target is reached, the company will be worth $1.55 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.29% or $0.96 during the last trading session, reaching $330.02. About 81,695 shares traded. TransDigm Group Incorporated (NYSE:TDG) has risen 54.52% since April 20, 2017 and is uptrending. It has outperformed by 42.97% the S&P500.

Analysts await TransDigm Group Incorporated (NYSE:TDG) to report earnings on May, 8. They expect $3.51 earnings per share, up 21.88 % or $0.63 from last year’s $2.88 per share. TDG’s profit will be $183.21 million for 23.51 P/E if the $3.51 EPS becomes a reality. After $2.43 actual earnings per share reported by TransDigm Group Incorporated for the previous quarter, Wall Street now forecasts 44.44 % EPS growth.

TransDigm Group Incorporated (NYSE:TDG) Ratings Coverage

Among 11 analysts covering Transdigm Group Inc (NYSE:TDG), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Transdigm Group Inc had 25 analyst reports since October 23, 2017 according to SRatingsIntel. The stock of TransDigm Group Incorporated (NYSE:TDG) has “Buy” rating given on Friday, January 19 by SunTrust. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, February 6. The rating was upgraded by Stephens on Thursday, February 22 to “Hold”. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, February 9. The stock of TransDigm Group Incorporated (NYSE:TDG) has “Equal-Weight” rating given on Friday, February 23 by Morgan Stanley. As per Thursday, February 8, the company rating was maintained by Bank of America. The firm has “Buy” rating by Canaccord Genuity given on Friday, February 2. J.P. Morgan downgraded TransDigm Group Incorporated (NYSE:TDG) rating on Tuesday, December 12. J.P. Morgan has “Sell” rating and $290.0 target. SunTrust maintained TransDigm Group Incorporated (NYSE:TDG) on Wednesday, February 7 with “Buy” rating. The stock of TransDigm Group Incorporated (NYSE:TDG) earned “Equal-Weight” rating by Morgan Stanley on Thursday, April 12.

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company has market cap of $17.23 billion. The companyÂ’s Power & Control segment provides 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. It has a 27.1 P/E ratio. This segment serves engine and power system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots.

TransDigm Group Incorporated (NYSE:TDG) Institutional Positions Chart

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