TransDigm Group Incorporated (NYSE:TDG) Announces $30.00 Dividend

TransDigm Group Incorporated (NYSE:TDG) announced a dividend on Tuesday, August 6th, Fidelity reports. Shareholders of record on Friday, August 16th will be given a dividend of 30.00 per share by the aerospace company on Friday, August 23rd. The ex-dividend date is Thursday, August 15th.

NYSE TDG traded up $3.62 during trading on Tuesday, reaching $545.48. The company’s stock had a trading volume of 3,190 shares, compared to its average volume of 300,775. The stock has a market cap of $29.05 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 2.72 and a beta of 1.06. TransDigm Group has a 12 month low of $307.36 and a 12 month high of $555.27. The company has a 50 day moving average of $495.79.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $4.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.01 by $0.94. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.58 billion. TransDigm Group had a net margin of 15.26% and a negative return on equity of 59.21%. The business’s revenue for the quarter was up 69.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.59 EPS. Sell-side analysts forecast that TransDigm Group will post 16.92 EPS for the current year.

In other news, Director John Staer sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $464.67, for a total value of $1,161,675.00. Following the completion of the transaction, the director now directly owns 1,691 shares in the company, valued at approximately $785,756.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman W Nicholas Howley sold 17,083 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $475.09, for a total transaction of $8,115,962.47. The disclosure for this sale can be found here. Insiders sold a total of 63,749 shares of company stock valued at $31,514,641 over the last 90 days. Corporate insiders own 11.00% of the company’s stock.

TDG has been the subject of a number of recent research reports. Cowen reissued a “buy” rating and issued a $520.00 price objective on shares of TransDigm Group in a report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of TransDigm Group from $465.00 to $515.00 and gave the company an “underweight” rating in a report on Tuesday, May 14th. Canaccord Genuity reissued a “buy” rating and issued a $520.00 price objective (up previously from $460.00) on shares of TransDigm Group in a report on Wednesday, May 8th. Morgan Stanley initiated coverage on shares of TransDigm Group in a report on Tuesday, June 4th. They issued an “equal weight” rating and a $520.00 price objective for the company. Finally, UBS Group boosted their price objective on shares of TransDigm Group to $605.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $520.00.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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Dividend History for TransDigm Group (NYSE:TDG)

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