Mutual of America Capital Management LLC Sells 213 Shares of Transdigm Group Incorporated (NYSE:TDG)

Mutual of America Capital Management LLC decreased its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,514 shares of the aerospace company's stock after selling 213 shares during the quarter. Mutual of America Capital Management LLC's holdings in Transdigm Group were worth $9,011,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC grew its holdings in shares of Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after buying an additional 10 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Transdigm Group during the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. grew its holdings in shares of Transdigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after buying an additional 21 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Transdigm Group during the first quarter valued at approximately $75,000. Finally, CVA Family Office LLC grew its holdings in shares of Transdigm Group by 123.1% during the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after buying an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Activity

In related news, CFO Sarah Wynne sold 1,800 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the completion of the transaction, the chief financial officer directly owned 3,400 shares of the company's stock, valued at approximately $4,930,000. This trade represents a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $1,424.27, for a total transaction of $4,272,810.00. Following the transaction, the chief operating officer directly owned 3,600 shares of the company's stock, valued at $5,127,372. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,677 shares of company stock worth $168,692,614. 4.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TDG. The Goldman Sachs Group increased their price objective on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Truist Financial increased their price objective on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research report on Friday. Citigroup increased their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research report on Monday. Susquehanna increased their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research report on Monday. Finally, Stifel Nicolaus began coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective on the stock. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,594.80.

Transdigm Group Price Performance

Shares of TDG stock traded down $4.47 on Tuesday, hitting $1,570.39. 32,852 shares of the stock traded hands, compared to its average volume of 275,500. The firm has a market cap of $88.21 billion, a price-to-earnings ratio of 53.02, a PEG ratio of 3.12 and a beta of 1.04. Transdigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,581.24. The firm has a 50 day simple moving average of $1,455.52 and a two-hundred day simple moving average of $1,376.68.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating the consensus estimate of $8.83 by $0.28. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The company's revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $7.99 EPS. Sell-side analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

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.