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Ducommun (NYSE:DCO) 株価情報, 空売り情報

Ducommun

Ducommun Inc provides engineering & manufacturing services for high-performance products & high-cost-of failure applications used primarily in the aerospace and defense, industrial, medical & other industries. The company's reportable segments are Structural Systems & Electronic Systems. Structural Systems designs, engineers and manufactures various sizes of complex contoured aerostructure components and assemblies and supplies composite and metal bonded structures and assemblies. Electronic Systems designs, engineers and manufactures high-reliability electronic and electromechanical products used in worldwide technology-driven markets including A&D and Industrial end-use markets. It generates maximum of its revenue from the Electronic Systems.

Ducommun Inc

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The commercial aerospace sector is gaining altitude, driven by surging demand for passenger travel, robust freight activity, and a <a href="https://www.benzinga.com/topic/expert-ideas">resurgence in aircraft orders</a>.
According to Goldman Sachs analyst Noah Poponak, CFA, air traffic recovery is exceeding expectations, with growth now outpacing GDP by more than double. 
The sector&#8217;s strong fundamentals, buoyed by tight supply chains and rising aftermarket revenues, are positioning key aerospace stocks for a significant takeoff.
Here&#8217;s what you need to know — and the top stocks analysts say you should have on your radar.
<h3 class="wp-block-heading">Air Traffic Surpasses Pre-Pandemic Levels</h3>
&#8220;The overall commercial aerospace market is fundamentally strong,&#8221; said Poponak in a note Thursday. 
Global passenger traffic continues its remarkable climb as international air traffic jumped 9% year-over-year (yoy) in September, following an 11% yoy increase in August, according to the International Air Transport Association (IATA). Passenger capacity rose in lockstep, up 9% and 10% yoy, respectively.
Goldman Sachs forecasts another 9% yoy gain for October based on airline reports. 
Forward airline schedules indicate that global passenger capacity will grow by 6% to 7% year-over-year through November, December, and January, reflecting sustained demand as travel appetite remains strong.
<h3 class="wp-block-heading">Freight Market Delivers Double-Digit Growth</h3>
The recovery isn't limited to passengers. International freight traffic surged 11% yoy in September, following a 12% yoy gain in August, with freight capacity expanding by 8% yoy in both months. 
Major cargo players FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) and United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) also saw gains, with UPS reporting 11% yoy growth and FedEx posting a 3% yoy increase in global air cargo traffic.
<h3 class="wp-block-heading">Boeing, Airbus Rack Up Orders</h3>
Large commercial jet manufacturers are riding the wave of demand. In October alone, Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) secured 63 new orders, while Airbus SE (OTCPK: EADSY) booked 82 aircraft orders—both with zero cancellations. 
&#8220;New aircraft order campaigning activity appears to remain robust, for both growth and replacement,&#8221; Poponak wrote. 
Parked aircraft, which currently make up 11.8% of the total global fleet, remained flat month-over-month, further reflecting high utilization levels as airlines capitalize on the recovery in passenger and freight traffic.
<h3 class="wp-block-heading">Goldman Sachs' Top Stock Picks</h3>
Goldman Sachs&#8217; Poponak highlighted 11 buy-rated stocks that stand to benefit from the industry's resurgence. These include large aircraft manufacturers, component suppliers, and business jet producers.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Category</th>
</tr>
</thead>
<tbody>
<tr>
<td>Woodward Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>)</td>
<td>Aerospace Systems</td>
</tr>
<tr>
<td>Boeing Co.</td>
<td>Large Aircraft</td>
</tr>
<tr>
<td>TransDigm Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>)</td>
<td>Aircraft Components</td>
</tr>
<tr>
<td>GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>)</td>
<td>Engine Manufacturing</td>
</tr>
<tr>
<td>HEICO Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>)</td>
<td>Aircraft Parts</td>
</tr>
<tr>
<td>Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>)</td>
<td>Aerospace Materials</td>
</tr>
<tr>
<td>Ducommun Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>)</td>
<td>Aerospace Electronics</td>
</tr>
<tr>
<td>CAE Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAE#NYSE">CAE</a>)</td>
<td>Simulation &amp; Training</td>
</tr>
<tr>
<td>Bombardier Inc. (OTCPK: BOMBF)</td>
<td>Business Jets</td>
</tr>
<tr>
<td>Embraer S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>)</td>
<td>Regional Aircraft</td>
</tr>
<tr>
<td>Textron Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) </td>
<td>Business Jets &amp; Helicopters</td>
</tr>
</tbody>
</table>
</figure>
Among these, Woodward (WWD) is singled out for its placement on Goldman's &#8220;Conviction List,&#8221; while Boeing remains a flagship name for its leadership in large commercial jets.

Analyst Color

Equities

Large Cap

Mid Cap

BOMBF

European Aeronautic Defence And Space Unsponsored

EADSY

Embraer-Empresa Brasileira De Aeronautica

Aerospace Ready To Take Off: Goldman Sachs Reveals 11 Top Picks In The Sector

WIIM

Ducommun shares are trading higher after the company reported better-than-expected Q3 financial results.

Ducommun (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>) reported quarterly earnings of $0.99 per share which beat the analyst consensus estimate of $0.74 by 33.78 percent. The company reported quarterly sales of $201.41 million which beat the analyst consensus estimate of $194.10 million by 3.76 percent. This is a 2.63 percent increase over sales of $196.25 million the same period last year.

Earnings

News

Ducommun Q3 2024 Adj EPS $0.99 Beats $0.74 Estimate, Sales $201.41M Beat $194.10M Estimate

Truist Securities analyst Michael Ciarmoli maintains Ducommun (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>) with a Buy and lowers the price target from $72 to $71.

Price Target

Analyst Ratings

Truist Securities Maintains Buy on Ducommun, Lowers Price Target to $71

Goldman Sachs analyst Noah Poponak upgrades Ducommun (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>) from Neutral to Buy and raises the price target from $64 to $80.

Upgrades

Goldman Sachs Upgrades Ducommun to Buy, Raises Price Target to $80

Truist Securities analyst Michael Ciarmoli reiterates Ducommun (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>) with a Buy and raises the price target from $65 to $72.

Reiteration

Truist Securities Reiterates Buy on Ducommun, Raises Price Target to $72

Ducommun (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>) reported quarterly earnings of $0.83 per share which beat the analyst consensus estimate of $0.60 by 38.33 percent. This is a 53.7 percent increase over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $197.000 million which beat the analyst consensus estimate of $194.567 million by 1.25 percent. This is a 5.17 percent increase over sales of $187.320 million the same period last year.

Earnings Beats

Ducommun Q2 2024 Adj. EPS $0.83 Beats $0.60 Estimate, Sales $197.000M Beat $194.567M Estimate

Ducommun Says It Remains Focused On Successfully Delivering Vision 2027 Strategy

Ducommun Rejects Albion River's Revised $65/Share Non-Binding Indication Of Interest; Says Offer Undervalues Its Mid- And Long-term Growth Initiatives

Ducommun Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>) (&quot;Ducommun&quot; or the &quot;Company&quot;), a global supplier of innovative electronic systems and structural solutions for the aerospace and defense industry, confirmed today that on July 15, 2024, the Company&#39;s Board of Directors received an unsolicited revised non-binding indication of interest from Albion River LLC (&quot;Albion River&quot;), a private direct investment firm, to acquire all outstanding shares of Ducommun for&nbsp;$65.00&nbsp;per share in cash. 
&nbsp;
Consistent with its fiduciary duties and in consultation with its legal and financial advisors, the Board of Directors will carefully review and consider the revised proposal to determine if it is in the best interest of the Company and Ducommun&#39;s shareholders. The Company&#39;s shareholders do not need to take any action at this time and the Board has made no decision with respect to the Company&#39;s response to the indication of interest.
Ducommun has a rich 175-year history and is the oldest continuously operating company in California. In 2023, the Company&#39;s shareholders benefited from a year-over-year increase in market capitalization from&nbsp;$605M&nbsp;in 2022 to&nbsp;$760M. The Company also reached a new all-time revenue record of&nbsp;$757M&nbsp;in 2023.

Ducommun Receives $65 Per Share Acquisition Offer from Albion River LLC

Making a noteworthy insider sell on June 25, Stephen G Oswald, Chairman at Ducommun (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>), is reported in the latest SEC filing.
What Happened: Oswald's recent move involves selling 2,000 shares of Ducommun. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000030305/000095017024077404//Archives/edgar/data/30305/000095017024077404/0000950170-24-077404-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The total value is $116,460.
Tracking the Wednesday's morning session, Ducommun shares are trading at $56.64, showing a down of 0.0%.
<h3>Unveiling the Story Behind Ducommun</h3>
Ducommun Inc provides engineering &amp; manufacturing services for high-performance products &amp; high-cost-of failure applications used primarily in the aerospace and defense, industrial, medical &amp; other industries. The company's reportable segments are Structural Systems &amp; Electronic Systems. Structural Systems designs, engineers and manufactures various sizes of complex contoured aerostructure components and assemblies and supplies composite and metal bonded structures and assemblies. Electronic Systems designs, engineers and manufactures high-reliability electronic and electromechanical products used in worldwide technology-driven markets including A&amp;D and Industrial end-use markets. It generates maximum of its revenue from the Electronic Systems.
<h3>Breaking Down Ducommun's Financial Performance</h3>
Revenue Growth: Ducommun's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 5.33%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 24.6%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Ducommun's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 0.47.
</li>
</ul>
Debt Management: Ducommun's debt-to-equity ratio surpasses industry norms, standing at 0.45. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Ducommun's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 48.0.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 1.08, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 15.09 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>The Relevance of Insider Transactions</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Exploring Key Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000030305">Check Out The Full List Of Ducommun's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Massive Insider Trade At Ducommun

Goldman Sachs analyst Noah Poponak maintains Ducommun (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>) with a Neutral and raises the price target from $57 to $64.

Goldman Sachs Maintains Neutral on Ducommun, Raises Price Target to $64

Ducommun (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>) reported quarterly earnings of $0.70 per share which beat the analyst consensus estimate of $0.57 by 22.81 percent. This is a 11.11 percent increase over earnings of $0.63 per share from the same period last year. The company reported quarterly sales of $190.847 million which beat the analyst consensus estimate of $189.222 million by 0.86 percent. This is a 5.33 percent increase over sales of $181.191 million the same period last year.

Ducommun Q1 2024 Adj EPS $0.70 Beats $0.57 Estimate, Sales $190.847M Beat $189.222M Estimate

Albion Has Continued to Increase Equity Holdings in Ducommun
Today, Albion River LLC issued the following statement:
"Albion River LLC's affiliate Ignium LP ("Albion") continues to acquire shares in Ducommun Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>) ("Ducommun" or the "Company") and now owns over 9.2% of the Company's outstanding shares.1 Albion owns more shares in Ducommun than all of management and the Board of Directors combined.
Ducommun's stock hit a 52-week high once Albion's bid was disclosed by the Company. Since then, Ducommun has dropped 11% following the Company's declaration it "is not for sale".2 Respectfully, this decision rightfully resides with the owners of the Company, the shareholders.
Albion would like to thank the numerous key stakeholders who have reached out to express their support in our efforts to acquire Ducommun. The Board of Directors has an obligation to evaluate all offers for the Company. Albion encourages management to disclose other offers it may have received that the Board of Directors and public may not be aware of.
The Company's press release in response to Albion's bid reflects a belief that $60 / share does not represent fair value. Therefore, consistent with executive compensation best practice, the Company's Board of Directors should ensure any new stock-based compensation be converted to options at a $60 strike price to limit shareholder dilution and further align management to maximizing shareholder value. Planned stock issuances below $60 are inconsistent with the Company's stated position as of April 16th.
Albion continues to believe that public markets are not an appropriate setting for Ducommun to execute its strategy and maximize shareholder value. We are committed long-term shareholders of the Company and intend to make our case directly to shareholders in due time.
We look forward to engaging with shareholders and members of the Board of Directors at the upcoming Annual General Meeting on April 24th."

Management

Albion River Comments On Recent Statement From Ducommun Board; Albion Has Continued To Increase Equity Holdings In Ducommun Now Owns Over 9.2% Of The Company

Proposal undervalues Ducommun and does not fully reflect the Company's proven, long-term growth initiatives.&nbsp;Ducommun's Board and Management remain focused on successfully delivering our Vision 2027 Strategy.

Ducommun Rejects Unsolicited, Non-Binding Indication Of Interest From Albion River To Acquire All Outstanding Shares Of Company For $60/Share In Cash

These two awards represent a&nbsp;$25M&nbsp;follow on order for one circuit card assembly already in production, along with another&nbsp;$25M&nbsp;order for one circuit card assembly that will be brand new production for DCO. All cards will be produced at Ducommun&#39;s world-class engineering and manufacturing performance center for circuit cards assemblies in Tulsa, Oklahoma.

Contracts

Ducommun Reveals Two Major Awards Totaling Over $50M In Revenue For The Raytheon SPY-6 Family Of Radar Systems

Shares of Agenus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agen#NASDAQ">AGEN</a>) fell sharply during Monday&rsquo;s session.
Agenus disclosed a 1-for-20 reverse stock split of common stock.
Agenus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agen#NASDAQ">AGEN</a>) declined 17% to $0.4181 on Monday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Auddia Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auud#NASDAQ">AUUD</a>) shares jumped 231.7% to $4.72 after the company announced the USPTO awarded it with U.S. Patent 11,935,520 for the core AI technology the company uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers.</li>
<li>Longeveron Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgvn#NASDAQ">LGVN</a>) shares climbed 93.2% to $4.2499 after the company submitted paperwork for a share offering.</li>
<li>UTime Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wto#NASDAQ">WTO</a>) gained 56.8% to $0.29 after the company completed a private placement.</li>
<li>U Power Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ucar#NASDAQ">UCAR</a>) climbed 48% to $6.96 after the company announced announced that its battery-swapping and sharing model for two-wheeled and light four-wheeled electric vehicles is poised for a formal commercial rollout in Wuhu, Anhui Province, China.</li>
<li>Arrowroot Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arrw#NASDAQ">ARRW</a>) rose 38.2% to $19.53.</li>
<li>Destiny Tech100 Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxyz#NASDAQ">DXYZ</a>) jumped 33.8% to $79.30 after jumping around 77% on Friday.</li>
<li>TechPrecision Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tpcs#NASDAQ">TPCS</a>) rose 29.8% to $4.2837 after the company announced the termination of the agreement to acquire Votaw Precision Technologies.</li>
<li>Adlai Nortye Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anl#NASDAQ">ANL</a>) gained 27.9% to $10.68.</li>
<li>Connexa Sports Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnxa#NASDAQ">CNXA</a>) surged 26.8% to $0.3801.</li>
<li>AXT, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axti#NASDAQ">AXTI</a>) rose 25.7% to $3.9089. AXT said it sees preliminary revenue of $22.4 million to $22.7 million for the first quarter.</li>
<li>Titan Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttnp#NASDAQ">TTNP</a>) climbed 24.4% to $8.70.</li>
<li>Apartment Income REIT Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/airc#NYSE">AIRC</a>) gained 22.6% to $38.47. Blackstone Real Estate will take AIR Communities private for approximately $10 billion.</li>
<li>GD Culture Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdc#NASDAQ">GDC</a>) rose 22% to $1.1195.</li>
<li>Outset Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/om#NASDAQ">OM</a>) gained 19.4% to $2.4492. BTIG analyst Maria Thibault initiated coverage on Outset Medical with a Buy rating and announced a price target of $6.</li>
<li>Dogness (International) Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dogz#NASDAQ">DOGZ</a>) gained 18.2% to $9.53.</li>
<li>Galmed Pharmaceuticals Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/glmd#NASDAQ">GLMD</a>) rose 17.6% to $0.3999. Last week, Galmed Pharmaceuticals filed annual report on Form 20-F for the fiscal year ended Dec. 31, 2023.</li>
<li>Ducommun Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dco#NYSE">DCO</a>) surged 17.5% to $57.11 after the company confirmed that its Board of Directors received an unsolicited non-binding indication of interest from Albion River LLC.</li>
<li>Mesoblast Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meso#NASDAQ">MESO</a>) rose 13.8% to $6.60.</li>
<li>Perpetua Resources Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppta#NASDAQ">PPTA</a>) climbed 13.5% to $5.40 after the company announced it received indication for up to $1.8 billion in financing from the Export-Import Bank of the United States for the Stibnite Gold Project.</li>
<li>AltC Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alcc#NASDAQ">ALCC</a>) gained 13.1% to $14.82. Oklo signed a LOI to supply 50 megawatts of power to Diamondback Energy.</li>
<li>WW International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ww#NASDAQ">WW</a>) rose 12.7% to $1.8697.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) gained 10.9% to $1,595.72 amid a rise in Bitcoin.</li>
<li>Model N, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/modn#NYSE">MODN</a>) rose 10.7% to $30.00 after the company announced it will be acquired by Vista Equity Partners for $1.25 billion.</li>
<li>A-Mark Precious Metals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amrk#NASDAQ">AMRK</a>) gained 10.3% to $36.10.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) surged 8.1% to $260.41 amid a rise in the price of Bitcoin.</li>
<li>BYND Cannasoft Enterprises Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bcan#NASDAQ">BCAN</a>) gained 8% to $1.1119.</li>
<li>Antelope Enterprise Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aehl#NASDAQ">AEHL</a>) shares rose 7.4% to $1.60 after declining 5% on Friday. On April 1, Antelope Enterprise announced preliminary full year 2023 revenue of $70.4 million.</li>
<li>Fastly, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fsly#NASDAQ">FSLY</a>) gained 5.9% to $13.27. Piper Sandler analyst James Fish upgraded Fastly from Neutral to Overweight and lowered the price target from $19 to $16.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>22nd Century Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xxii#NASDAQ">XXII</a>) fell 45.4% to $1.95. 22nd Century Group shares jumped over 140% on Friday after the company signed a new contract manufacturing agreement for the production of branded conventional cigarette products.</li>
<li>Perion Network Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/peri#NASDAQ">PERI</a>) dipped 36% to $13.51 after the company slashed FY24 revenue guidance.</li>
<li>MediaCo Holding Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdia#NASDAQ">MDIA</a>) fell 29.1% to $2.75. Shares of MediaCo Holding jumped 177% on Friday after a 13D amended filing showed Standard General L.P. reported a 95.2% stake in the company as of April 1, 2024.</li>
<li>SuperCom Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spcb#NASDAQ">SPCB</a>) fell 24.3% to $0.2175.</li>
<li>Selina Hospitality PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slna#NASDAQ">SLNA</a>) fell 23.7% to $0.0420.</li>
<li>DatChat, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dats#NASDAQ">DATS</a>) fell 20.5% to $1.16.</li>
<li>HUB Cyber Security Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hubc#NASDAQ">HUBC</a>) dipped 18% to $1.26. HUB Cyber Security recently announced $8 million in financing via a straight debt arrangement.</li>
<li>Agenus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agen#NASDAQ">AGEN</a>) declined 17% to $0.4181. Agenus disclosed a 1-for-20 reverse stock split of common stock.</li>
<li>TRACON Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcon#NASDAQ">TCON</a>) fell 16.2% to $0.2139.</li>
<li>Conifer Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnfr#NASDAQ">CNFR</a>) dipped 15.9% to $0.8995. Cullen/Frost Bankers is scheduled to host a conference call on Thursday, April 25, 2024 to discuss first quarter 2024 earnings.</li>
<li>HWH International Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwh#NASDAQ">HWH</a>) fell 15.6% to $1.3408.</li>
<li>Murano Global Investments Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrno#NASDAQ">MRNO</a>) fell 11.8% to $9.79.</li>
<li>Globavend Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gvh#NASDAQ">GVH</a>) shares fell 11.2% to $1.4567 after jumping 57% on Friday.</li>
<li>CCSC Technology International Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cctg#NASDAQ">CCTG</a>) shares fell 11.2% to $3.00 after surging around 28% on Friday.</li>
<li>Reliance Global Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/reli#NASDAQ">RELI</a>) fell 10.8% to $0.4327. Reliance Global, last week, reported FY23 earnings.</li>
<li>ZOOZ Power Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zooz#NASDAQ">ZOOZ</a>) fell 9.5% to $3.6675.</li>
<li>Douglas Dynamics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/plow#NYSE">PLOW</a>) fell 8.2% to $22.03. Baird analyst Timothy Wojs downgraded Douglas Dynamics from Outperform to Neutral and lowered the price target from $36 to $25.</li>
<li>Trump Media &amp; Technology Group Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/djt#NYSE">DJT</a>) fell 7.4% to $37.60.</li>
<li>Paramount Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/para#NASDAQ">PARA</a>) fell 7.1% to $11.12.</li>
<li>Dell Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dell#NYSE">DELL</a>) fell 4.1% to $127.22.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/04/38141299/this-analyst-with-86-accuracy-rate-sees-more-than-16-upside-in-intel-here-are-5-stock-picks-for-last"> This Analyst With 86% Accuracy Rate Sees More Than 16% Upside In Intel - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts</a>

Penny Stocks

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Intraday Update

Markets

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AEHL

AGEN

AIRC

ALCC

AMRK

ARRW

AUUD

AXTI

BCAN

CCTG

CNFR

CONNEXA SPORTS TECH INC by Connexa Sports Technologies Inc.

CNXA

COIN

DATS

DELL

DOGZ

DXYZ

FSLY

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HUBC

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MODN

MRNO

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SPCB

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TPCS

TTNP

UCAR

XXII

ZOOZ

Why Agenus Shares Are Trading Lower By Around 17%? Here Are Other Stocks Moving In Monday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>JVSPAC Acquisition Corp. - Right (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JVSAR#NASDAQ">JVSAR</a>) stock rose 34.6% to $0.35 during Monday's regular session. </li>
<li>Techprecision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) shares increased by 31.43% to $4.39. The company's market cap stands at $38.5 million. </li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) stock increased by 16.69% to $6.01. The market value of their outstanding shares is at $4.3 million. </li>
<li>Ducommun (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>) shares moved upwards by 14.37% to $55.56. The market value of their outstanding shares is at $813.4 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) shares increased by 13.43% to $3.8. The market value of their outstanding shares is at $311.0 million. </li>
<li>JE Cleantech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JCSE#NASDAQ">JCSE</a>) stock moved upwards by 13.04% to $0.78. The company's market cap stands at $3.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Vast Renewables (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTE#NASDAQ">VSTE</a>) shares fell 17.2% to $6.01 during Monday's regular session. The market value of their outstanding shares is at $180.1 million. </li>
<li>Vertical Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTL#NYSE">EVTL</a>) stock fell 12.18% to $1.01. The market value of their outstanding shares is at $223.4 million. </li>
<li>Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) stock decreased by 11.57% to $1.53. The market value of their outstanding shares is at $225.0 million. </li>
<li>Shengfeng Development (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFWL#NASDAQ">SFWL</a>) shares decreased by 11.4% to $1.71. The company's market cap stands at $141.0 million. </li>
<li>Erayak Power Solution Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAYA#NASDAQ">RAYA</a>) shares fell 9.47% to $0.64. The company's market cap stands at $9.6 million. </li>
<li>FGI Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGI#NASDAQ">FGI</a>) shares decreased by 8.92% to $1.43. The company's market cap stands at $13.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AWIN

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12 Industrials Stocks Moving In Monday's Intraday Session

U.S. stocks were mostly higher, with the Nasdaq Composite gaining around 0.1% on Monday.
Shares of Model N, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/modn#NYSE">MODN</a>) rose sharply during Monday&rsquo;s session after the company announced it will be acquired by <a href="https://www.benzinga.com/quote/MODN/news">Vista Equity Partners for $1.25 billion</a>.
Model N shares jumped 10.7% to $30.00 on Monday.
Here are some other big stocks recording losses in today&rsquo;s session.
<ul>
<li>Destiny Tech100 Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxyz#NASDAQ">DXYZ</a>) shares climbed 33.8% to $79.30 after jumping around 77% on Friday.</li>
<li>Adlai Nortye Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anl#NASDAQ">ANL</a>) shares surged 27.9% to $10.68.</li>
<li>Apartment Income REIT Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/airc#NYSE">AIRC</a>) shares jumped 22.6% to $38.47. Blackstone Real Estate will take AIR Communities private for approximately $10 billion.</li>
<li>Ducommun Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dco#NYSE">DCO</a>) shares gained 17.5% to $57.11 after the company confirmed that its Board of Directors received an unsolicited non-binding indication of interest from Albion River LLC.</li>
<li>Mesoblast Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meso#NASDAQ">MESO</a>) surged 13.8% to $6.60.</li>
<li>Perpetua Resources Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppta#NASDAQ">PPTA</a>) gained 13.5% to $5.40 after the company announced it received indication for up to $1.8 billion in financing from the Export-Import Bank of the United States for the Stibnite Gold Project.</li>
<li>AltC Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alcc#NASDAQ">ALCC</a>) surged 13.1% to $14.82. Oklo signed a LOI to supply 50 megawatts of power to Diamondback Energy.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) rose 10.9% to $1,595.72 amid a rise in Bitcoin.</li>
<li>A-Mark Precious Metals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amrk#NASDAQ">AMRK</a>) climbed 10.3% to $36.10.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) gained 8.1% to $260.41 amid a rise in the price of Bitcoin.</li>
<li>Formula Systems (1985) Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/forty#NASDAQ">FORTY</a>) rose 7.8% to $83.00.</li>
<li>Semtech Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smtc#NASDAQ">SMTC</a>) shares gained 7.8% to $35.08.</li>
<li>MP Materials Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mp#NYSE">MP</a>) surged 7.7% to $15.74.</li>
<li>EHang Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eh#NASDAQ">EH</a>) gained 7.6% to $20.81 after the company attained the Production Certificate (PC) for its EH216-S passenger-carrying pilotless electric vertical takeoff and landing (eVTOL) aircraft from the Civil Aviation Administration of China (CAAC).</li>
<li>Sasol Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ssl#NYSE">SSL</a>) gained 6.8% to $8.72.</li>
<li>Nukkleus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nukk#NASDAQ">NUKK</a>) climbed 6.7% to $0.96.</li>
<li>Fastly, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fsly#NASDAQ">FSLY</a>) rose 5.9% to $13.27. Piper Sandler analyst James Fish upgraded Fastly from Neutral to Overweight and lowered the price target from $19 to $16.</li>
<li>Li Auto Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>) gained 4.5% to $31.17.</li>
<li>Victoria&#39;s Secret &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vsco#NYSE">VSCO</a>) shares gained 4.4% to $19.29.</li>
</ul>
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Model N, Ducommun, Perpetua Resources And Other Big Stocks Moving Higher On Monday

U.S. stocks traded higher this morning, with the Dow Jones index gaining over 50 points on Monday.
Following the market opening Monday, the Dow traded up 0.18% to 38,974.17 while the NASDAQ rose 0.17% to 16,276.01. The S&amp;P 500 also rose, gaining, 0.10% to 5,209.69.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38136452/jim-cramer-isnt-going-with-this-tech-company-its-complicated-im-a-nvidia-guy"> Jim Cramer Isn&#39;t Going With This Tech Company: &#39;It&#39;s Complicated. I&#39;m A Nvidia Guy&#39;</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Consumer discretionary shares jumped by 0.7% on Monday.
In trading on Monday, health care shares fell by 0.3%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Shares of Ducommun Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dco#NYSE">DCO</a>) jumped over 16% on Monday after the company confirmed that its Board of Directors received an unsolicited non-binding indication of interest from Albion River LLC.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
Auddia Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auud#NASDAQ">AUUD</a>) shares shot up 260% to $5.14 after the company announced the USPTO awarded it with U.S. Patent 11,935,520 for the core AI technology the company uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers.
Shares of UTime Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wto#NASDAQ">WTO</a>) got a boost, surging 68% to $0.3101 after the company completed a private placement.
Longeveron Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgvn#NASDAQ">LGVN</a>) shares were also up, gaining 76% to $3.88 after the company submitted paperwork for a share offering.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Perion Network Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/peri#NASDAQ">PERI</a>) shares dropped 38% to $13.01 after the company slashed FY24 revenue guidance and issued first-quarter outlook below estimates.
Shares of MediaCo Holding Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdia#NASDAQ">MDIA</a>) were down 26% to $2.87. Shares of MediaCo Holding jumped 177% on Friday after a 13D amended filing showed Standard General L.P. reported a 95.2% stake in the company as of April 1, 2024.
Selina Hospitality PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slna#NASDAQ">SLNA</a>) was down, falling 24% to $0.0419.
Also Check This Out:<a href="https://www.benzinga.com/news/24/04/38141299/this-analyst-with-86-accuracy-rate-sees-more-than-16-upside-in-intel-here-are-5-stock-picks-for-last"> This Analyst With 86% Accuracy Rate Sees More Than 16% Upside In Intel - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded down 0.8% to $86.20 while gold traded up 0.6% at $2,358.90.
Silver traded up 1.5% to $27.915 on Monday, while copper rose 1% to $4.2765.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were mostly higher today. The eurozone&rsquo;s STOXX 600 gained 0.3%, London&rsquo;s FTSE 100 rose 0.2% while Spain&rsquo;s IBEX 35 Index fell 0.1% The German DAX gained 0.7% French CAC 40 climbed 0.7% while Italy&rsquo;s FTSE MIB Index gained 0.7%.
Imports into Germany increased 3.2% month-over-month to EUR 111.5 billion in February, while exports from Germany fell 2% month-over-month to EUR 132.9 billion. German industrial production climbed by 2.1% month-over-month during February.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mixed on Monday, with Japan&rsquo;s Nikkei 225 gaining 0.91%, Hong Kong&rsquo;s Hang Seng Index gaining 0.05%, China&rsquo;s Shanghai Composite falling 0.72% and India&rsquo;s S&amp;P BSE Sensex gaining 0.67%.
Foreign exchange reserves in Singapore increased to SGD 497.3 billion in March from SGD 480.4 billion a month ago. The gauge for Japanese service <a href="https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/">sector</a> declined to 49.8 in March versus 51.3 a month ago. Japan&rsquo;s current account surplus widened to JPY 2,644.2 billion in February from JPY 2,200.3 billion in the year-ago month. Chinese foreign exchange reserves jumped by $19.8 billion to $3.246 trillion during March.
&nbsp;
<h3>Economics</h3>
&nbsp;
There were no major US economic releases Monday.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38136451/amazon-alphabet-and-a-pharmaceutical-giant-cnbcs-final-trades"> Amazon, Alphabet And A Pharmaceutical Giant: CNBC&#39;s &#39;Final Trades&#39;</a>
&nbsp;

Eurozone

Commodities

Global

US Stocks Higher; Dow Gains Over 50 Points

LMT, GE, RTX deliver earnings; None crack top 10 in the defense industry per SA quant metrics

Ducommun Non-GAAP EPS of $0.99 beats by $0.25, revenue of $201.4M beats by $7.3M

B. Riley raised the firm's price target on Ducommun (DCO) to $83 from $76 and keeps a Buy rating on the shares post the Q3 report. The firm believe...

Ducommun price target raised to $83 from $76 at B. Riley

Truist analyst Michael Ciarmoli raised the firm's price target on Ducommun (DCO) to $80 from $71 and keeps a Buy rating on the shares. The company'...

Ducommun price target raised to $80 from $71 at Truist

Goldman Sachs raised the firm's price target on Ducommun (DCO) to $86 from $80 and keeps a Buy rating on the shares. The company reported Q3 revenu...

Ducommun price target raised to $86 from $80 at Goldman Sachs

Ducommun Incorporated (DCO) Q3 2024 Earnings Call Transcript

In a report released on November 8, Michael Ciarmoli from Truist Financial maintained a Buy rating on Ducommun (DCO – Research Report), with a pric...

Ducommun (DCO) Receives a Buy from Truist Financial

The aerospace aftermarket sector is poised for substantial growth, driven by technological innovations and increased government investments. In this thriving landscape, TransDigm Group (TDG) stands out with its robust fundamentals, positioning the company to capitalize on the sector's expansion effectively. Read more to find out… The aerospace industry is soaring, fueled by cutting-edge innovations like artificial intelligence, advanced air mobility (AAM), and unmanned systems. With the Department of Defense <a href="https://www.defense.gov/News/News-Stories/Article/Article/3761026/dods-fy-2025-budget-focuses-on-defense-people-teamwork/">increasing its budget to $849.8 billion</a> for fiscal year 2025, the aerospace and defense sector remains poised for continued growth.
TransDigm Group Incorporated (<a href="https://stocknews.com/stock/TDG/">TDG</a>) stands at the forefront of this thriving industry, specializing in aerospace components. With a robust portfolio of proprietary products and a proven track record of profitability, TDG is well-positioned to benefit from the aerospace industry's tailwinds.
The company's impressive growth over the past year highlights its potential. The stock surged 9.1% in the past nine months and an impressive 30.6% over the last year, closing at $1,250.62 in the latest trading session. These gains reflect TDG's ability to capitalize on the sector's continued expansion.
So, let's take a closer look at the factors that could influence TDG's performance in the near future.
Recent Developments
On July 31, TDG <a href="https://transdigmgroupinc.gcs-web.com/news-releases/news-release-details/transdigm-completes-acquisition-raptor-scientific">announced the successful completion</a> of its $655 million acquisition of Raptor Labs Holdco, LLC, a portfolio company of L Squared Capital Partners. Raptor Scientific, renowned for its advanced test and measurement solutions, serves primarily the aerospace and defense sectors.
The integration of Raptor Scientific can foster growth by expanding TDG's product offerings, creating new market opportunities, and boosting its competitive position within the growing aerospace aftermarket.
Earlier, on June 6, TDG completed <a href="https://transdigmgroupinc.gcs-web.com/news-releases/news-release-details/transdigm-completes-acquisition-electron-device-business">the $1.385 billion acquisition</a> of the Electron Device Business of Communications &amp; Power Industries. Known for its leadership in electronic components and subsystems, CPI's Electron Device Business is a significant player in the aerospace and defense market.
The acquisition could further amplify TDG's standing in the aerospace sector by adding essential electronic components and subsystems to its portfolio. These moves would significantly bolster TDG's market share and position the company for accelerated growth.
Strong Financials
For the fiscal fourth quarter that ended September 30, 2024, TDG's net sales increased 18% year-over-year to $2.19 billion. Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> rose 15.3% from the year-ago value to $1.26 billion.
Additionally, the company's adjusted net income and adjusted EPS grew 23.9% and 22.4% from the prior year's quarter to $570 million and $9.83, respectively. As of September 30, 2024, TDG's cash and cash equivalents amounted to $6.26 billion, compared to $3.47 billion on September 30, 2023.
Sound Historical Growth
Over the past three years, TDG's revenue has grown at a CAGR of 18.3%. Meanwhile, its EBITDA rose at a CAGR of 25.7%. Plus, the company's operation income (EBIT) and total assets increased at CAGRs of 28% and 9.8%, respectively.
Furthermore, during the same time frame, the company's net income and EPS grew at respective CAGRs of 36.1% and 35.1%. The sustained performance highlights the company's strong growth trajectory over the last few years.
Favorable Analyst Estimates
Analysts predict TDG's revenue and EPS for the fiscal 2025 first quarter (ending December 2024) to rise by 13.1% and 8.1% year-over-year, reaching $2.02 billion and $7.74, respectively. The company has consistently exceeded consensus revenue and EPS estimates in each of the four trailing quarters, which is noteworthy.
For the full fiscal year ending September 2025, TDG's revenue and EPS are expected to grow 12.1% and 10.5% from the previous year, reaching $8.90 billion and $37.55, respectively. The impressive growth reflects the company's strong performance and ongoing upward momentum.
Looking further ahead to the next fiscal year ending in September 2026, TDG is projected to see additional growth, with revenue and EPS forecasted to rise by 8.3% and 15.3%, reaching $9.64 billion and $43.30, respectively.
High Profitability
TDG's trailing-12-month gross profit margin of 58.84% is 84.2% higher than the industry average of 31.94%. Its trailing-12-month levered FCF margin stands at 73.77%, 987.1% higher than the industry average of 6.79%.
Additionally, TDG's trailing-12-month net income margin of 21.59% outperforms the industry average of 6.50% by 231.9%. Moreover, the company boasts a trailing-12-month EBITDA margin of 48.97%, which is 248.3% above the sector average of 14.06%.
POWR Ratings Reflects Optimism
TDG's fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree. Our proprietary rating system also evaluates each stock based on eight distinct categories.
TDG has a B grade for Quality, which is justified by its higher-than-average profitability metrics.
Within the <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> industry, TDG is ranked #22 out of 71 stocks. Beyond what is stated above, we have also given TDG grades for Growth, Value, Momentum, Sentiment, and Stability. Get all TDG ratings <a href="https://stocknews.com/stock/TDG/">here</a>.
Bottom Line
TDG has solidified its role as a dominant force in the aerospace industry, driven by a robust portfolio of proprietary products. With a consistent track record of profitability, the company is well-positioned to capitalize on the growing aerospace aftermarket, further enhancing its competitive edge.
Given TDG's impressive financial performance and favorable growth prospects, it stands out. Plus, as profitability continues to rise, the company's strategic positioning in the aerospace sector could offer significant returns, making it an attractive buy for investors seeking growth potential.
How Does TransDigm Group Incorporated (TDG) Stack Up Against Its Peers?
Although TDG's near-term outlook appears sound, it may be worthwhile to explore its industry peers, who currently exhibit even stronger POWR Ratings. So, consider these three A (Strong Buy) or B-rated (Buy) stocks from the <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> industry:
Northrop Grumman Corp. (<a href="https://stocknews.com/stock/NOC/">NOC</a>)
Ducommun Incorporated (<a href="https://stocknews.com/stock/DCO/">DCO</a>)
Innovative Solutions and Support, Inc. (<a href="https://stocknews.com/stock/ISSC/">ISSC</a>)
To explore more A or B-rated Air/Defense services stocks, <a href="https://stocknews.com/category/air-defense/">click here</a>.
What To Do Next?
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TDG shares were unchanged in premarket trading Wednesday. Year-to-date, TDG has gained 23.63%, versus a 25.36% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/tdg-noc-dco-issc-transdigm-group-dominating-the-aerospace-aftermarket/>TransDigm Group: Dominating the Aerospace Aftermarket</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

TransDigm Group: Dominating the Aerospace Aftermarket

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Ducommun: More Upside On Boeing And Airbus Ramp Up

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Press Releases

Gabelli Funds to Host 30th Annual Aerospace & Defense Symposium at The Harvard Club, New York City Thursday, September 5, 2024

Ducommun to Participate in Gabelli Aerospace & Defense Symposium

Ducommun to Participate in RBC Global Industrials Conference

Ducommun Incorporated Celebrates 175th Anniversary by Ringing the Closing Bell at the New York Stock Exchange

Ducommun Incorporated Announces Third Quarter Conference Call

Ducommun Incorporated Reports Third Quarter 2024 Results

Ducommun Appoints Daniel G. Korte and Daniel L. Boehle to its Board of Directors

Ducommun to Participate in Goldman Sachs Industrials and Materials Conference

Ducommun Incorporated named Gold 'Partner2Win' Medallion Winner by BAE Systems at its Sixth Annual 'Partner2Win' Supplier Symposium

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