Transdigm Group Incorporated $TDG Shares Sold by Principal Financial Group Inc.

Key Points

• Principal Financial Group trimmed its stake in Transdigm by 9%, selling 213,293 shares and now holds 2,166,523 shares (about 3.84% of the company) valued at roughly $2.88 billion, making TDG its eighth-largest position.
• Major institutions (Vanguard, Capital International, State Street, Capital Research, Primecap) largely increased positions and overall institutional ownership stands at 95.78%, while analysts hold a mixed view with a consensus "Moderate Buy" and a $1,567.40 price target.
• Transdigm beat quarterly expectations (EPS $8.23 vs. $7.99) with revenue up 13.9%, a market cap near $65 billion, and recent insider activity showing both purchases and notable selling (insiders sold 38,232 shares worth ~$48.25 million in the last three months).

Principal Financial Group Inc. trimmed its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,166,523 shares of the aerospace company's stock after selling 213,293 shares during the quarter. Transdigm Group makes up approximately 1.5% of Principal Financial Group Inc.'s investment portfolio, making the stock its 8th largest position. Principal Financial Group Inc. owned approximately 3.84% of Transdigm Group worth $2,881,231,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Transdigm Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 6,814,938 shares of the aerospace company's stock worth $8,982,225,000 after purchasing an additional 121,049 shares in the last quarter. Capital International Investors increased its position in shares of Transdigm Group by 4.1% during the third quarter. Capital International Investors now owns 6,489,193 shares of the aerospace company's stock worth $8,552,028,000 after purchasing an additional 254,750 shares in the last quarter. State Street Corp increased its position in shares of Transdigm Group by 1.9% during the third quarter. State Street Corp now owns 2,388,838 shares of the aerospace company's stock worth $3,148,536,000 after purchasing an additional 45,550 shares in the last quarter. Capital Research Global Investors increased its position in shares of Transdigm Group by 10.2% during the third quarter. Capital Research Global Investors now owns 2,207,837 shares of the aerospace company's stock worth $2,909,850,000 after purchasing an additional 203,997 shares in the last quarter. Finally, Primecap Management Co. CA increased its position in shares of Transdigm Group by 4.9% during the third quarter. Primecap Management Co. CA now owns 585,373 shares of the aerospace company's stock worth $771,533,000 after purchasing an additional 27,450 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TDG shares. Wells Fargo & Company started coverage on Transdigm Group in a research report on Wednesday, April 1st. They set an "equal weight" rating and a $1,200.00 price target for the company. Robert W. Baird reiterated a "neutral" rating and set a $1,400.00 price target on shares of Transdigm Group in a research report on Wednesday, February 4th. KeyCorp cut Transdigm Group from an "overweight" rating to a "sector weight" rating in a research report on Thursday, February 5th. Weiss Ratings cut Transdigm Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, April 13th. Finally, UBS Group dropped their price target on Transdigm Group from $1,804.00 to $1,800.00 and set a "buy" rating for the company in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,567.40.

Transdigm Group Stock Down 0.4%

Shares of NYSE:TDG opened at $1,150.09 on Tuesday. The business has a fifty day moving average of $1,223.02 and a two-hundred day moving average of $1,296.44. The stock has a market cap of $64.95 billion, a P/E ratio of 37.00, a PEG ratio of 2.44 and a beta of 0.90. Transdigm Group Incorporated has a 52-week low of $1,123.61 and a 52-week high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The aerospace company reported $8.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.99 by $0.24. The company had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.26 billion. Transdigm Group had a negative return on equity of 29.07% and a net margin of 20.50%.The firm's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $7.83 EPS. On average, equities analysts anticipate that Transdigm Group Incorporated will post 36.71 earnings per share for the current year.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the company's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $1,280.46, for a total value of $4,993,794.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $4,609,656. This represents a 52.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Lisman bought 950 shares of the company's stock in a transaction on Friday, February 6th. The stock was bought at an average price of $1,284.26 per share, with a total value of $1,220,047.00. Following the completion of the acquisition, the chief executive officer owned 3,259 shares in the company, valued at $4,185,403.34. This represents a 41.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 38,232 shares of company stock worth $48,248,925 in the last three months. 3.20% of the stock is owned by corporate insiders.

Transdigm Group Profile

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company's product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset's life cycle.

TransDigm's operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.

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