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.
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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