TransDigm Group Incorporated (NYSE:TDG) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC grew its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,339 shares of the aerospace company's stock after buying an additional 273 shares during the period. MetLife Investment Management LLC's holdings in TransDigm Group were worth $19,439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in TDG. Resonant Capital Advisors LLC boosted its holdings in shares of TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock valued at $585,000 after buying an additional 8 shares in the last quarter. Quent Capital LLC grew its stake in shares of TransDigm Group by 6.5% in the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock worth $167,000 after acquiring an additional 8 shares during the last quarter. Lindbrook Capital LLC boosted its stake in TransDigm Group by 3.6% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock worth $293,000 after purchasing an additional 8 shares in the last quarter. CX Institutional increased its stake in TransDigm Group by 5.4% during the 4th quarter. CX Institutional now owns 175 shares of the aerospace company's stock valued at $222,000 after purchasing an additional 9 shares in the last quarter. Finally, Western Financial Corp CA grew its holdings in shares of TransDigm Group by 0.6% during the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock valued at $1,902,000 after buying an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $28,355,659.64. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $11,046,584.64. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,894 shares of company stock worth $167,450,256. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group Trading Up 0.8 %

Shares of NYSE:TDG traded up $10.97 during trading on Friday, reaching $1,378.99. The company's stock had a trading volume of 80,681 shares, compared to its average volume of 254,651. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The firm's 50 day simple moving average is $1,337.20 and its two-hundred day simple moving average is $1,320.39. The stock has a market capitalization of $77.34 billion, a PE ratio of 48.54, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.16 earnings per share. Research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TDG. Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research note on Wednesday, April 9th. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday. Susquehanna raised their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Truist Financial lowered their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,464.41.

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.