Transdigm Group Incorporated (TDG) To Go Ex-Dividend on August 31st
Transdigm Group Incorporated (NYSE:TDG) declared a special dividend on Wednesday, August 23rd, Fidelity reports. Stockholders of record on Tuesday, September 5th will be given a dividend of 22.00 per share by the aerospace company on Tuesday, September 12th. The ex-dividend date of this dividend is Thursday, August 31st.
Transdigm Group (NYSE TDG) opened at 274.75 on Wednesday. The stock’s 50 day moving average is $278.77 and its 200 day moving average is $256.58. The company has a market cap of $14.26 billion, a P/E ratio of 30.53 and a beta of 0.56. Transdigm Group has a 12-month low of $203.72 and a 12-month high of $295.00.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.98 by $0.32. The company had revenue of $907.67 million for the quarter, compared to the consensus estimate of $903.99 million. Transdigm Group had a net margin of 14.47% and a negative return on equity of 40.12%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.09 EPS. On average, equities analysts forecast that Transdigm Group will post $12.30 earnings per share for the current year.
In other news, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $277.56, for a total transaction of $1,665,360.00. Following the sale, the director now directly owns 75,701 shares in the company, valued at $21,011,569.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jorge Valladares sold 100 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $276.00, for a total value of $27,600.00. Following the sale, the insider now owns 9,100 shares in the company, valued at $2,511,600. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,000 shares of company stock worth $6,617,377. Company insiders own 10.52% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Cowen and Company reissued a “market perform” rating and issued a $290.00 price target (up from $219.00) on shares of Transdigm Group in a report on Thursday, August 10th. Vertical Research reissued a “buy” rating and issued a $316.00 price target (up from $280.00) on shares of Transdigm Group in a report on Thursday, August 10th. Jefferies Group LLC upped their price objective on shares of Transdigm Group from $283.00 to $322.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $330.00 price objective (up from $300.00) on shares of Transdigm Group in a report on Wednesday, August 9th. Finally, Deutsche Bank AG upped their price objective on shares of Transdigm Group from $305.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Transdigm Group presently has an average rating of “Buy” and a consensus target price of $297.52.
Transdigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The 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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