TransDigm Group Incorporated (NYSE:TDG) Declares Dividend of $75.00

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 Stock Up 0.5 %

NYSE:TDG opened at $1,434.39 on Wednesday. The firm’s fifty day simple moving average is $1,316.70 and its 200 day simple moving average is $1,288.54. The stock has a market cap of $80.48 billion, a P/E ratio of 56.90, a price-to-earnings-growth ratio of 2.21 and a beta of 1.42. TransDigm Group has a twelve month low of $802.46 and a twelve month high of $1,443.45.

TransDigm Group (NYSE:TDG) last announced 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. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the company earned $6.55 earnings per share. TransDigm Group’s quarterly revenue was up 17.3% on a year-over-year basis. On average, analysts expect that TransDigm Group will post 30.7 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction dated 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 $10,186,078.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,186,078.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,545 shares of company stock worth $46,454,828. 4.96% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on TDG. Jefferies Financial Group lowered their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Wednesday, August 7th. Stifel Nicolaus increased their price objective on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research report on Friday, June 7th. Morgan Stanley lifted their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Finally, Susquehanna increased their price target on shares of 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 given a buy rating to the stock. According to MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus price target of $1,438.24.

About TransDigm Group

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.