TransDigm Group Inc. (TDG) Plans Dividend of $24.00
TransDigm Group Inc. (NYSE:TDG) declared a dividend on Friday, October 14th. Stockholders of record on Monday, October 24th will be given a dividend of 24.00 per share on Tuesday, November 1st. The ex-dividend date is Thursday, October 20th.
TransDigm Group (NYSE:TDG) opened at 277.52 on Friday. TransDigm Group has a 52-week low of $180.76 and a 52-week high of $294.38. The firm has a market capitalization of $14.78 billion, a price-to-earnings ratio of 29.35 and a beta of 0.72. The stock’s 50 day moving average price is $285.05 and its 200 day moving average price is $262.92.
TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 9th. The company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.27. The company had revenue of $797.70 million for the quarter, compared to analyst estimates of $805.23 million. TransDigm Group had a negative return on equity of 62.15% and a net margin of 17.25%. TransDigm Group’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.26 EPS. On average, equities analysts anticipate that TransDigm Group will post $11.39 earnings per share for the current fiscal year.
TDG has been the topic of several research analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $280.00 price objective on shares of TransDigm Group in a research note on Tuesday, June 21st. KeyCorp raised TransDigm Group from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, June 29th. Barclays PLC raised their price objective on TransDigm Group from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Wednesday, August 10th. Jefferies Group initiated coverage on TransDigm Group in a research note on Thursday, September 22nd. They issued a “buy” rating and a $340.00 price objective on the stock. Finally, Zacks Investment Research lowered TransDigm Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $288.18.
In other TransDigm Group news, insider Bernt G. Iversen II sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $287.16, for a total value of $2,871,600.00. Following the completion of the sale, the insider now directly owns 15,010 shares in the company, valued at $4,310,271.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Roger Jones sold 7,500 shares of TransDigm Group stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $285.92, for a total value of $2,144,400.00. Following the completion of the sale, the insider now owns 11,500 shares of the company’s stock, valued at $3,288,080. The disclosure for this sale can be found here. Insiders own 9.30% of the company’s stock.
Large investors have recently modified their holdings of the company. Employees Retirement System of Texas acquired a new stake in shares of TransDigm Group during the second quarter worth $791,000. HighTower Advisors LLC acquired a new stake in shares of TransDigm Group during the second quarter worth $396,000. Tredje AP fonden acquired a new stake in shares of TransDigm Group during the second quarter worth $393,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of TransDigm Group by 30.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 9,860 shares of the company’s stock worth $2,600,000 after buying an additional 2,300 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in shares of TransDigm Group during the second quarter worth $969,000.
About TransDigm Group
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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