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

Prudential Financial Inc. decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,910 shares of the aerospace company's stock after selling 4,432 shares during the quarter. Prudential Financial Inc. owned about 0.05% of TransDigm Group worth $37,904,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its holdings in TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock valued at $925,349,000 after purchasing an additional 729,930 shares during the period. Windacre Partnership LLC grew its stake in TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company's stock worth $1,038,951,000 after buying an additional 217,700 shares during the period. Principal Financial Group Inc. increased its position in shares of TransDigm Group by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after acquiring an additional 185,422 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after acquiring an additional 173,642 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of TransDigm Group during the 4th quarter valued at $100,811,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barclays restated an "equal weight" rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial boosted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price on the stock in a report on Monday, February 24th. Wells Fargo & Company lifted their price objective on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Finally, Citigroup boosted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,477.18.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,896,144. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Small sold 40,000 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the completion of the sale, the director now owns 98,185 shares of the company's stock, valued at $132,138,354.85. The trade was a 28.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,594 shares of company stock valued at $165,646,468. Corporate insiders own 4.09% of the company's stock.

TransDigm Group Trading Down 0.5 %

TDG traded down $7.04 on Friday, reaching $1,377.22. The company had a trading volume of 272,911 shares, compared to its average volume of 242,075. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32. The company has a market capitalization of $77.24 billion, a P/E ratio of 48.58, a PEG ratio of 2.76 and a beta of 1.38. The company has a fifty day moving average of $1,343.19 and a 200-day moving average of $1,329.72.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $2.03 billion. During the same period last year, the firm posted $7.16 earnings per share. The business's revenue was up 12.1% on a year-over-year basis. Research analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

TransDigm Group 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.