TransDigm Group Incorporated (NYSE:TDG) is Principal Financial Group Inc.'s 7th Largest Position

Principal Financial Group Inc. lifted its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,126,274 shares of the aerospace company's stock after acquiring an additional 185,422 shares during the quarter. TransDigm Group accounts for about 1.5% of Principal Financial Group Inc.'s holdings, making the stock its 7th biggest holding. Principal Financial Group Inc. owned approximately 3.79% of TransDigm Group worth $2,694,585,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CIBC Asset Management Inc increased its stake in shares of TransDigm Group by 8.6% in the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company's stock worth $11,658,000 after buying an additional 644 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of TransDigm Group by 3.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company's stock worth $391,918,000 after buying an additional 7,947 shares during the period. JPMorgan Chase & Co. increased its stake in shares of TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after buying an additional 173,642 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of TransDigm Group by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock worth $530,980,000 after buying an additional 8,655 shares during the period. Finally, Swiss National Bank increased its stake in shares of TransDigm Group by 0.9% in the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock worth $237,046,000 after buying an additional 1,400 shares during the period. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Stock Up 3.0 %

TDG traded up $38.47 during midday trading on Wednesday, hitting $1,337.95. 204,010 shares of the company traded hands, compared to its average volume of 265,724. The firm has a market capitalization of $75.03 billion, a PE ratio of 47.15, a price-to-earnings-growth ratio of 2.77 and a beta of 1.40. The company's 50-day moving average is $1,302.74 and its 200 day moving average is $1,319.16. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32.

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

Insider Activity

In related news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares of the company's stock, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,175 shares of company stock valued at $144,677,394 in the last quarter. 4.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on TDG. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Truist Financial boosted their price objective 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. Wells Fargo & Company raised shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Finally, KeyCorp boosted their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, TransDigm Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,462.35.

About TransDigm Group

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.