TransDigm Group Incorporated (NYSE:TDG) Declares Dividend of $75.00

TransDigm Group Incorporated (NYSE:TDG) announced a dividend on Friday, September 20th, NASDAQ reports. Shareholders of record on Friday, October 4th will be given a dividend of 75.00 per share by the aerospace company on Friday, October 18th. The ex-dividend date is Friday, October 4th. This is a positive change from TransDigm Group’s previous dividend of $32.50.

TransDigm Group Trading Up 1.3 %

NYSE TDG opened at $1,408.03 on Friday. The company has a market capitalization of $78.79 billion, a price-to-earnings ratio of 55.85, a PEG ratio of 2.16 and a beta of 1.42. TransDigm Group has a 1-year low of $802.46 and a 1-year high of $1,419.99. The stock’s 50 day moving average is $1,294.01 and its two-hundred day moving average is $1,275.77.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping the consensus estimate of $7.77 by $1.23. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. TransDigm Group’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $6.55 EPS. On average, analysts predict that TransDigm Group will post 30.69 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,073 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $26,769,080.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,469,760. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 5,073 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,545 shares of company stock worth $46,454,828. Insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Northcoast Research assumed coverage on TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating on the stock. UBS Group reduced their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Susquehanna boosted their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective on TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,438.24.

TransDigm Group Company 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.