Mutual of America Capital Management LLC Trims Position in Transdigm Group Incorporated $TDG

Mutual of America Capital Management LLC cut its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 1.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,431 shares of the aerospace company’s stock after selling 83 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Transdigm Group were worth $9,779,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TDG. Winch Advisory Services LLC grew its stake in Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 7 shares during the period. Saudi Central Bank purchased a new stake in Transdigm Group in the first quarter worth $30,000. Park Square Financial Group LLC grew its stake in Transdigm Group by 36.0% in the first quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 9 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Transdigm Group in the second quarter worth $47,000. Finally, Hilltop National Bank purchased a new stake in Transdigm Group in the second quarter worth $71,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Transdigm Group news, Director Robert J. Small sold 5,000 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $1,276.98, for a total value of $6,384,900.00. Following the transaction, the director owned 83,419 shares of the company’s stock, valued at approximately $106,524,394.62. This represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $1,276.07, for a total value of $3,828,210.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,593,852. This represents a 45.45% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,232 shares of company stock valued at $23,961,562. Company insiders own 4.09% of the company’s stock.

Transdigm Group Price Performance

Shares of NYSE:TDG opened at $1,267.98 on Monday. The company has a market cap of $71.45 billion, a P/E ratio of 42.08, a PEG ratio of 2.95 and a beta of 1.02. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82. The stock’s fifty day moving average price is $1,323.87 and its 200-day moving average price is $1,403.70.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $90.00 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This is an increase from Transdigm Group’s previous special dividend of $75.00.

Analyst Upgrades and Downgrades

TDG has been the topic of several recent research reports. Stifel Nicolaus initiated coverage on Transdigm Group in a research note on Tuesday, June 24th. They issued a “buy” rating and a $1,710.00 price target on the stock. Jefferies Financial Group cut their target price on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. UBS Group increased their target price on Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Transdigm Group in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada cut Transdigm Group from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,564.56.

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.