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. Shareholders 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.
TDG traded up $3.15 during trading on Tuesday, hitting $545.01. The company’s stock had a trading volume of 4,712 shares, compared to its average volume of 300,775. TransDigm Group has a twelve month low of $307.36 and a twelve month high of $555.27. The business’s fifty day moving average price is $495.79. The company has a market cap of $29.05 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 2.72 and a beta of 1.06.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.01 by $0.94. TransDigm Group had a negative return on equity of 59.21% and a net margin of 15.26%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company earned $3.59 earnings per share. TransDigm Group’s quarterly revenue was up 69.1% compared to the same quarter last year. As a group, analysts anticipate that TransDigm Group will post 16.92 earnings per share for the current year.
In related news, VP Robert S. Henderson sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $467.38, for a total transaction of $4,673,800.00. Following the transaction, the vice president now owns 35,000 shares in the company, valued at $16,358,300. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman W Nicholas Howley sold 17,083 shares of TransDigm Group stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $475.09, for a total value of $8,115,962.47. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,749 shares of company stock worth $31,514,641. 11.00% of the stock is currently owned by company insiders.
TransDigm Group Company Profile
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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