TransDigm Group Incorporated (TDG) to Issue Dividend of $30.00 on August 23rd

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

Shares of TransDigm Group stock traded up $0.87 on Tuesday, reaching $542.73. 82,558 shares of the stock were exchanged, compared to its average volume of 300,775. The firm’s 50 day simple moving average is $495.79. TransDigm Group has a one year low of $307.36 and a one year high of $555.27. The stock has a market cap of $29.05 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 2.72 and a beta of 1.06.

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

In other TransDigm Group news, VP Robert S. Henderson sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $467.38, for a total value of $4,673,800.00. Following the completion of the transaction, the vice president now directly owns 35,000 shares in the company, valued at approximately $16,358,300. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman W Nicholas Howley sold 17,083 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $547.65, for a total transaction of $9,355,504.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,749 shares of company stock valued at $31,514,641. 11.00% of the stock is owned by corporate insiders.

TDG has been the subject of a number of research analyst reports. SunTrust Banks upped their price objective on shares of TransDigm Group to $560.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Cowen reiterated a “buy” rating and set a $520.00 price objective on shares of TransDigm Group in a research report on Tuesday, August 6th. Barclays set a $610.00 price objective on shares of TransDigm Group and gave the stock a “buy” rating in a research report on Friday. Canaccord Genuity reiterated a “buy” rating and set a $520.00 price objective (up from $460.00) on shares of TransDigm Group in a research report on Wednesday, May 8th. Finally, Credit Suisse Group upped their price objective on shares of TransDigm Group from $539.00 to $617.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price 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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