Mizuho Securities USA LLC Sells 838 Shares of Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Mizuho Securities USA LLC has reduced its stake in Transdigm Group Incorporated by 15.7%, selling 838 shares and now holding 4,491 shares valued at approximately $6.21 million.
• The stock of Transdigm Group fell by 2.6%, with current trading at $1,392.54, and analysts have an average price target of $1,616.86, indicating a consensus rating of "Moderate Buy."
• Despite missing earnings estimates of $9.75, Transdigm reported a year-over-year revenue increase of 9.3%, earning $9.60 per share for the quarter.

Mizuho Securities USA LLC reduced its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 15.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,491 shares of the aerospace company's stock after selling 838 shares during the period. Mizuho Securities USA LLC's holdings in Transdigm Group were worth $6,212,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Transdigm Group by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock worth $8,797,619,000 after purchasing an additional 89,121 shares during the last quarter. Capital World Investors lifted its stake in shares of Transdigm Group by 4.3% in the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock valued at $4,805,434,000 after purchasing an additional 155,541 shares during the period. Capital Research Global Investors increased its holdings in Transdigm Group by 4.8% in the fourth quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock worth $2,421,979,000 after purchasing an additional 87,309 shares in the last quarter. GAMMA Investing LLC lifted its stake in Transdigm Group by 177,412.3% in the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after buying an additional 1,240,112 shares during the period. Finally, Windacre Partnership LLC boosted its holdings in shares of Transdigm Group by 3.6% during the 4th quarter. Windacre Partnership LLC now owns 753,997 shares of the aerospace company's stock worth $955,525,000 after buying an additional 25,997 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Sarah Wynne sold 3,200 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $1,452.15, for a total value of $4,646,880.00. Following the completion of the transaction, the chief financial officer directly owned 3,400 shares of the company's stock, valued at $4,937,310. This represents a 48.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sean P. Hennessy sold 4,700 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the completion of the transaction, the director directly owned 33,713 shares of the company's stock, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,872 shares of company stock valued at $100,747,061 over the last quarter. Corporate insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. KeyCorp cut their price target on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Wells Fargo & Company raised their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Truist Financial raised their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Susquehanna boosted their target price on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Finally, UBS Group boosted their target price on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,624.69.

Transdigm Group Stock Performance

TDG traded down $12.22 during midday trading on Thursday, reaching $1,413.59. 103,052 shares of the company were exchanged, compared to its average volume of 287,475. The company's fifty day moving average price is $1,505.21 and its 200 day moving average price is $1,412.01. The company has a market cap of $79.66 billion, a price-to-earnings ratio of 47.03, a price-to-earnings-growth ratio of 2.91 and a beta of 1.07. Transdigm Group Incorporated has a one year low of $1,183.60 and a one year high of $1,623.82.

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

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.