TransDigm Group Inc. (TDG) Declares Dividend of $24.00
TransDigm Group Inc. (NYSE:TDG) announced a dividend on Friday, October 14th. Investors of record on Monday, October 24th will be paid a dividend of 24.00 per share on Tuesday, November 1st. The ex-dividend date of this dividend is Thursday, October 20th.
Shares of TransDigm Group (NYSE:TDG) traded down 0.41% during midday trading on Friday, hitting $277.52. The company had a trading volume of 183,422 shares. The firm has a market capitalization of $14.78 billion, a P/E ratio of 29.35 and a beta of 0.72. The stock has a 50 day moving average price of $285.24 and a 200 day moving average price of $262.51. TransDigm Group has a 1-year low of $180.76 and a 1-year high of $294.38.
TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 9th. The company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.27. TransDigm Group had a net margin of 17.25% and a negative return on equity of 62.15%. The business earned $797.70 million during the quarter, compared to the consensus estimate of $805.23 million. During the same quarter in the previous year, the firm posted $2.26 EPS. The firm’s revenue was up 15.4% on a year-over-year basis. On average, equities analysts anticipate that TransDigm Group will post $11.39 EPS for the current fiscal year.
A number of equities research analysts have commented on TDG shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $280.00 target price on shares of TransDigm Group in a research report on Tuesday, June 21st. KeyCorp raised shares of TransDigm Group from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, June 29th. Barclays PLC lifted their target price on shares of TransDigm Group from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 10th. Jefferies Group started coverage on shares of TransDigm Group in a research report on Thursday, September 22nd. They issued a “buy” rating and a $340.00 target price for the company. Finally, Zacks Investment Research downgraded shares of TransDigm Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. TransDigm Group currently has a consensus rating of “Hold” and an average price target of $288.18.
In other TransDigm Group news, insider Peter Palmer sold 20,500 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $281.84, for a total value of $5,777,720.00. Following the sale, the insider now owns 14,000 shares in the company, valued at approximately $3,945,760. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bernt G. Iversen II sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $287.16, for a total transaction of $2,871,600.00. Following the completion of the sale, the insider now owns 15,010 shares in the company, valued at approximately $4,310,271.60. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in shares of TransDigm Group by 2.1% in the second quarter. Fifth Third Bancorp now owns 578 shares of the company’s stock valued at $152,000 after buying an additional 12 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of TransDigm Group by 8.0% in the second quarter. Pacer Advisors Inc. now owns 1,002 shares of the company’s stock valued at $264,000 after buying an additional 74 shares in the last quarter. Southeast Asset Advisors Inc. boosted its stake in shares of TransDigm Group by 3.8% in the second quarter. Southeast Asset Advisors Inc. now owns 5,036 shares of the company’s stock valued at $1,328,000 after buying an additional 183 shares in the last quarter. Zacks Investment Management boosted its stake in shares of TransDigm Group by 4.4% in the second quarter. Zacks Investment Management now owns 5,714 shares of the company’s stock valued at $1,507,000 after buying an additional 241 shares in the last quarter. Finally, Veritable L.P. boosted its stake in shares of TransDigm Group by 8.7% in the second quarter. Veritable L.P. now owns 3,761 shares of the company’s stock valued at $992,000 after buying an additional 301 shares in the last quarter.
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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