Prudential Financial Inc. Has $37.90 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Prudential Financial Inc. cut its position in TransDigm Group Incorporated (NYSE:TDG) by 12.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 29,910 shares of the aerospace company’s stock after selling 4,432 shares during the quarter. Prudential Financial Inc.’s holdings in TransDigm Group were worth $37,904,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Prospera Financial Services Inc acquired a new stake in TransDigm Group in the third quarter valued at approximately $207,000. Cerity Partners LLC raised its stake in shares of TransDigm Group by 39.1% during the third quarter. Cerity Partners LLC now owns 7,269 shares of the aerospace company’s stock valued at $10,373,000 after acquiring an additional 2,043 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of TransDigm Group by 14.7% during the third quarter. Daiwa Securities Group Inc. now owns 6,938 shares of the aerospace company’s stock worth $9,901,000 after purchasing an additional 888 shares during the period. DRW Securities LLC bought a new stake in shares of TransDigm Group in the third quarter worth $701,000. Finally, Dai ichi Life Insurance Company Ltd increased its holdings in TransDigm Group by 18.2% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 10,605 shares of the aerospace company’s stock valued at $15,135,000 after purchasing an additional 1,631 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on TDG. Wells Fargo & Company upped their price target on TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a research report on Tuesday. Truist Financial increased their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research report on Monday, February 24th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Citigroup lifted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,477.18.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,892,616. This represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,337,899.18. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,594 shares of company stock valued at $165,646,468 over the last 90 days. Insiders own 4.09% of the company’s stock.

TransDigm Group Trading Up 1.0 %

TDG opened at $1,393.62 on Wednesday. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32. The company has a market cap of $78.16 billion, a price-to-earnings ratio of 49.16, a PEG ratio of 2.76 and a beta of 1.38. The company’s fifty day moving average price is $1,339.15 and its two-hundred day moving average price is $1,328.23.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.16 EPS. As a group, equities analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.