Mn Services Vermogensbeheer B.V. Sells 500 Shares of TransDigm Group Incorporated (NYSE:TDG)

Mn Services Vermogensbeheer B.V. trimmed its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,900 shares of the aerospace company’s stock after selling 500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in TransDigm Group were worth $27,980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of TDG. Fortitude Family Office LLC grew its holdings in TransDigm Group by 283.3% during the second 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 period. ORG Partners LLC bought a new position in TransDigm Group during the first quarter valued at $30,000. VisionPoint Advisory Group LLC bought a new position in TransDigm Group during the fourth quarter valued at $37,000. Central Pacific Bank Trust Division bought a new position in TransDigm Group during the first quarter valued at $39,000. Finally, Frazier Financial Advisors LLC bought a new position in TransDigm Group during the fourth quarter valued at $43,000. 95.78% of the stock is owned by institutional investors.

TransDigm Group Price Performance

NYSE TDG traded up $22.30 during trading hours on Friday, reaching $1,326.68. 273,198 shares of the stock traded hands, compared to its average volume of 225,556. The stock has a 50 day simple moving average of $1,271.82 and a two-hundred day simple moving average of $1,249.31. TransDigm Group Incorporated has a 1 year low of $802.46 and a 1 year high of $1,369.57. The company has a market cap of $74.24 billion, a price-to-earnings ratio of 52.63, a price-to-earnings-growth ratio of 2.02 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating 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 business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $6.55 earnings per share. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, sell-side analysts forecast that TransDigm Group Incorporated will post 30.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TDG has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their price objective on TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Truist Financial raised their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Barclays raised their price target on TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Finally, Morgan Stanley raised their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,422.94.

Insider Activity

In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,308.52, for a total transaction of $13,085,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,674,906.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director W Nicholas Howley sold 5,073 shares of the firm’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 of the company’s stock, valued at $26,769,080.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,308.52, for a total value of $13,085,200.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,674,906.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,708 shares of company stock valued at $133,146,005. 4.96% of the stock is currently owned by insiders.

TransDigm Group 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.