Mutual of America Capital Management LLC Sells 244 Shares of TransDigm Group Incorporated (NYSE:TDG)

Mutual of America Capital Management LLC lowered its position in TransDigm Group Incorporated (NYSE:TDG) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,048 shares of the aerospace company’s stock after selling 244 shares during the period. Mutual of America Capital Management LLC’s holdings in TransDigm Group were worth $9,005,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Fortitude Family Office LLC raised its position in TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 17 shares during the last quarter. ORG Partners LLC bought a new position in shares of TransDigm Group in the first quarter valued at about $30,000. Meeder Asset Management Inc. grew its holdings in TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 22 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in TransDigm Group in the 1st quarter valued at about $39,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of TransDigm Group in the fourth quarter worth about $43,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,186,078.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director W Nicholas Howley sold 5,073 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the sale, the director now directly owns 21,548 shares in the company, valued at $26,769,080.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,545 shares of company stock valued at $46,454,828. 4.96% of the stock is currently owned by corporate insiders.

TransDigm Group Trading Down 0.1 %

Shares of TransDigm Group stock opened at $1,373.70 on Thursday. The stock’s fifty day simple moving average is $1,288.02 and its 200 day simple moving average is $1,272.53. The company has a market capitalization of $77.08 billion, a PE ratio of 54.49, a PEG ratio of 2.16 and a beta of 1.42. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,396.13.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm posted $6.55 earnings per share. TransDigm Group’s revenue was up 17.3% compared to the same quarter last year. Analysts predict that TransDigm Group Incorporated will post 30.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on TDG. JPMorgan Chase & Co. increased their price target on shares of TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. Wells Fargo & Company decreased their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Finally, Bank of America lifted their price target on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,438.24.

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.