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.

A number of analysts have recently issued reports on TDG shares. Morgan Stanley started coverage on TransDigm Group in a research note on Tuesday, June 4th. They issued an “equal weight” rating and a $520.00 price target on the stock. UBS Group lifted their price target on TransDigm Group to $605.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Canaccord Genuity reaffirmed a “buy” rating and issued a $520.00 price target (up from $460.00) on shares of TransDigm Group in a research note on Wednesday, May 8th. Cowen reaffirmed a “buy” rating and issued a $520.00 price target on shares of TransDigm Group in a research note on Tuesday, August 6th. Finally, SunTrust Banks lifted their price target on TransDigm Group to $560.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $520.00.

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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Dividend History for TransDigm Group (NYSE:TDG)

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