Mutual of America Capital Management LLC Sells 147 Shares of TransDigm Group Incorporated (NYSE:TDG)

Mutual of America Capital Management LLC cut its holdings in TransDigm Group Incorporated (NYSE:TDG) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,901 shares of the aerospace company’s stock after selling 147 shares during the period. Mutual of America Capital Management LLC’s holdings in TransDigm Group were worth $9,849,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TDG. Bennett Selby Investments LP grew its holdings in shares of TransDigm Group by 2.4% during the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock worth $429,000 after acquiring an additional 8 shares during the period. Souders Financial Advisors grew its stake in TransDigm Group by 1.0% in the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after purchasing an additional 8 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in TransDigm Group by 1.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 763 shares of the aerospace company’s stock worth $940,000 after purchasing an additional 9 shares in the last quarter. Csenge Advisory Group lifted its position in TransDigm Group by 0.3% during the second quarter. Csenge Advisory Group now owns 3,723 shares of the aerospace company’s stock valued at $4,757,000 after buying an additional 10 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in shares of TransDigm Group by 2.0% during the 2nd quarter. QRG Capital Management Inc. now owns 560 shares of the aerospace company’s stock valued at $715,000 after buying an additional 11 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Northcoast Research started coverage on TransDigm Group in a research report on Thursday, August 1st. They issued a “neutral” rating on the stock. KeyCorp raised their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Wells Fargo & Company dropped their target price 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. Finally, Jefferies Financial Group reduced their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

TransDigm Group Trading Down 1.4 %

Shares of TDG opened at $1,254.16 on Monday. The firm has a market cap of $70.52 billion, a PE ratio of 48.99, a P/E/G ratio of 2.22 and a beta of 1.43. TransDigm Group Incorporated has a 1-year low of $949.99 and a 1-year high of $1,451.32. The firm has a fifty day simple moving average of $1,366.93 and a two-hundred day simple moving average of $1,319.64.

TransDigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $75.00 dividend. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $29,659,098.16. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,944 shares of company stock valued at $23,541,085. Insiders own 4.96% of the company’s stock.

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.