TransDigm Group Incorporated(NYSE:TDG) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $797.69M. Analysts estimated a revenue of $806.46M. Earnings per share were $3.09. Analysts had estimated an EPS of $2.82.
In a different note, Morgan Stanley said it Initiates Coverage on TransDigm Group Incorporated, according to a research note issued on Jun 23, 2016. The shares have been rated ‘Equal-weight’ by the firm.
TransDigm Group Incorporated (TDG) made into the market gainers list on Wednesdays trading session with the shares advancing 0.11% or 0.31 points. Due to strong positive momentum, the stock ended at $283.93, which is also near the day’s high of $284.44. The stock began the session at $284.17 and the volume stood at 2,15,388 shares. The 52-week high of the shares is $289.67 and the 52 week low is $180.76. The company has a current market capitalization of $15,124 M and it has 5,32,65,437 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Aug 1, 2016, Bernt G Ii Iversen (Executive Vice President) sold 10,000 shares at $278.86 per share price.Also, On Jun 14, 2016, John F Leary (Executive Vice President) sold 20,740 shares at $260.55 per share price.On Jun 9, 2016, W Nicholas Howley (Chief Executive Officer) sold 100,000 shares at $265.42 per share price, according to the Form-4 filing with the securities and exchange commission.
TransDigm Group Incorporated (TransDigm) is a designer producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control Airframe and Non-aviation. Its Power & Control segment includes operations that primarily develop produce and market systems and components that provide power to or control power of the aircraft utilizing electronic fluid power and mechanical motion control technologies. Its Airframe segment includes operations that primarily develop produce and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. Its Non-aviation segment includes operations that primarily develop produce and market products for non-aviation markets. Its product offerings include mechanical/electro-mechanical actuators and controls ignition systems and engine technology and power conditioning devices.