Prudential PLC Grows Position in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Prudential PLC increased its holdings in Transdigm Group by 26.0%, now owning a total of 1,071 shares worth approximately $1.48 million.
• Several hedge funds have also ramped up their investments in Transdigm Group, with institutional investors owning 95.78% of the company's stock.
• Despite strong demand, Transdigm missed earnings estimates with $9.60 per share for the quarter, compared to analyst expectations of $9.75.

Prudential PLC grew its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 26.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,071 shares of the aerospace company's stock after acquiring an additional 221 shares during the quarter. Prudential PLC's holdings in Transdigm Group were worth $1,482,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TDG. Bruce G. Allen Investments LLC lifted its stake in shares of Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after purchasing an additional 10 shares during the period. Winch Advisory Services LLC lifted its stake in shares of Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after purchasing an additional 7 shares during the period. Park Square Financial Group LLC bought a new position in shares of Transdigm Group in the 4th quarter worth approximately $32,000. Wayfinding Financial LLC bought a new position in shares of Transdigm Group in the 1st quarter worth approximately $75,000. Finally, CVA Family Office LLC lifted its stake in shares of Transdigm Group by 123.1% in the 1st quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock worth $80,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Activity at Transdigm Group

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total transaction of $4,303,050.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares of the company's stock, valued at $5,163,660. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sean P. Hennessy sold 4,700 shares of Transdigm Group stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the transaction, the director directly owned 33,713 shares of the company's stock, valued at $48,429,398.76. The trade was a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,872 shares of company stock valued at $100,747,061 over the last three months. Corporate insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TDG. Truist Financial raised their target price on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. KeyCorp decreased their target price on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Susquehanna raised their target price on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Wells Fargo & Company raised their target price on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Transdigm Group has an average rating of "Moderate Buy" and an average price target of $1,624.69.

Transdigm Group Trading Down 1.7%

Shares of TDG stock traded down $24.13 on Friday, reaching $1,388.60. The company's stock had a trading volume of 496,373 shares, compared to its average volume of 356,001. The stock's fifty day simple moving average is $1,503.15 and its 200-day simple moving average is $1,413.45. The company has a market capitalization of $78.25 billion, a price-to-earnings ratio of 46.09, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.15). The firm had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $9.00 earnings per share. Equities research analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share 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.