TransDigm Group Incorporated (TDG) To Go Ex-Dividend on October 4th

TransDigm Group Incorporated (NYSE:TDG) declared a dividend on Friday, September 20th, NASDAQ reports. Stockholders of record on Friday, October 4th will be paid a dividend of 75.00 per share by the aerospace company on Friday, October 18th. The ex-dividend date is Friday, October 4th. This is a boost from TransDigm Group’s previous dividend of $32.50.

TransDigm Group Stock Performance

Shares of TransDigm Group stock opened at $1,434.39 on Wednesday. The stock has a market capitalization of $80.48 billion, a P/E ratio of 56.90, a P/E/G ratio of 2.21 and a beta of 1.42. TransDigm Group has a 52-week low of $802.46 and a 52-week high of $1,443.45. The stock’s 50-day simple moving average is $1,316.70 and its 200 day simple moving average is $1,288.54.

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 analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.55 earnings per share. Equities research analysts forecast that TransDigm Group will post 30.7 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Nicholas Howley sold 5,073 shares of TransDigm Group 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 transaction, the director now directly owns 21,548 shares in the company, valued at $26,769,080.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,545 shares of company stock valued at $46,454,828. 4.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TDG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Jefferies Financial Group cut their price objective on shares of 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. Morgan Stanley raised their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on 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. Finally, Susquehanna boosted their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price 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.