TransDigm Group Incorporated (NYSE:TDG) Raises Dividend to $75.00 Per Share

TransDigm Group Incorporated (NYSE:TDG) declared a dividend on Friday, September 20th, NASDAQ reports. Stockholders 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 of this dividend is Friday, October 4th. This is a boost from TransDigm Group’s previous dividend of $32.50.

TransDigm Group Trading Up 1.3 %

Shares of NYSE TDG traded up $18.18 during midday trading on Friday, reaching $1,408.03. The company’s stock had a trading volume of 339,858 shares, compared to its average volume of 220,246. TransDigm Group has a one year low of $802.46 and a one year high of $1,419.99. The company has a market cap of $78.79 billion, a price-to-earnings ratio of 55.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42. The company has a 50 day moving average price of $1,294.01 and a 200 day moving average price of $1,274.97.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.77 by $1.23. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.55 earnings per share. Research analysts anticipate that TransDigm Group will post 30.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of analyst reports. KeyCorp lifted their price target on TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. JPMorgan Chase & Co. lifted their target price on shares of TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. UBS Group cut their price target on shares of 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. Wells Fargo & Company decreased their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Finally, Susquehanna increased their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and an average target price of $1,438.24.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,073 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $26,769,080.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,186,078.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,073 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value 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 $26,769,080.40. The disclosure for this sale can be found here. Insiders sold 36,545 shares of company stock valued at $46,454,828 in the last three months. Corporate insiders own 4.96% of the company’s stock.

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.