MML Investors Services LLC Purchases 301 Shares of TransDigm Group Incorporated (NYSE:TDG)

MML Investors Services LLC grew its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,521 shares of the aerospace company's stock after purchasing an additional 301 shares during the period. MML Investors Services LLC's holdings in TransDigm Group were worth $6,997,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in TransDigm Group during the 4th quarter worth about $973,353,000. Proficio Capital Partners LLC raised its holdings in TransDigm Group by 286,247.1% during the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock worth $925,349,000 after acquiring an additional 729,930 shares in the last quarter. Edgewood Management LLC acquired a new position in TransDigm Group during the fourth quarter valued at approximately $399,595,000. JPMorgan Chase & Co. grew its stake in TransDigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after purchasing an additional 206,822 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in 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 valued at $2,694,585,000 after purchasing an additional 185,422 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

TransDigm Group Price Performance

TransDigm Group stock traded down $3.98 during midday trading on Wednesday, hitting $1,403.91. The company's stock had a trading volume of 33,921 shares, compared to its average volume of 254,584. The company has a 50-day moving average price of $1,341.77 and a two-hundred day moving average price of $1,320.12. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32. The company has a market cap of $78.74 billion, a price-to-earnings ratio of 49.59, a PEG ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company's revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $7.16 EPS. Sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at approximately $11,046,584.64. The trade was a 71.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,300 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,758,480. This represents a 47.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,894 shares of company stock valued at $167,450,256 over the last quarter. 4.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. UBS Group upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a research note on Monday, February 24th. Barclays reiterated an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Finally, Truist Financial dropped their price objective on 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 investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.