MetLife Investment Management LLC Has $19.44 Million Holdings in TransDigm Group Incorporated (NYSE:TDG)

MetLife Investment Management LLC lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,339 shares of the aerospace company’s stock after buying an additional 273 shares during the quarter. MetLife Investment Management LLC’s holdings in TransDigm Group were worth $19,439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Resonant Capital Advisors LLC raised its position in shares of TransDigm Group by 1.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock valued at $585,000 after purchasing an additional 8 shares during the period. Quent Capital LLC raised its holdings in TransDigm Group by 6.5% during the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock valued at $167,000 after acquiring an additional 8 shares during the period. Lindbrook Capital LLC lifted its position in shares of TransDigm Group by 3.6% during the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after acquiring an additional 8 shares in the last quarter. CX Institutional boosted its holdings in shares of TransDigm Group by 5.4% in the fourth quarter. CX Institutional now owns 175 shares of the aerospace company’s stock worth $222,000 after acquiring an additional 9 shares during the period. Finally, Western Financial Corp CA grew its position in shares of TransDigm Group by 0.6% in the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock valued at $1,902,000 after purchasing an additional 9 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Down 0.1 %

NYSE:TDG opened at $1,335.27 on Friday. The firm has a market capitalization of $74.89 billion, a P/E ratio of 47.10, a P/E/G ratio of 2.76 and a beta of 1.08. The company has a fifty day moving average of $1,336.96 and a 200 day moving average of $1,321.21. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.16 earnings per share. As a group, analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on TDG shares. Northcoast Research raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective on the stock in a report on Wednesday, April 9th. Truist Financial cut their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research report on Thursday. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company decreased their target price on TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average target price of $1,464.41.

Insiders Place Their Bets

In related news, Director Robert J. Small sold 40,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was 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. This trade represents a 28.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $11,046,584.64. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,594 shares of company stock worth $167,165,496. 4.09% of the stock is currently owned by company insiders.

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.