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TransDigm Group Incorporated (NYSE:TDG - Get Rating) announced a quarterly dividend on Tuesday, August 9th, RTT News reports. Shareholders of record on Friday, August 19th will be given a dividend of 18.50 per share by the aerospace company on Friday, August 26th. This represents a $74.00 annualized dividend and a yield of 11.54%. TransDigm Group Stock Performance
TDG opened at $641.18 on Tuesday. The stock's 50 day moving average price is $569.68 and its 200-day moving average price is $606.31. TransDigm Group has a 52-week low of $500.08 and a 52-week high of $686.06. The stock has a market capitalization of $35.01 billion, a PE ratio of 44.62, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.
TransDigm Group (NYSE:TDG - Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The aerospace company reported $4.85 EPS for the quarter, topping the consensus estimate of $3.98 by $0.87. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.41 billion. TransDigm Group had a net margin of 17.70% and a negative return on equity of 27.39%. During the same period in the prior year, the business earned $2.89 EPS. The company's revenue for the quarter was up 14.8% on a year-over-year basis. Research analysts forecast that TransDigm Group will post 14.54 EPS for the current fiscal year. Analysts Set New Price Targets
A number of brokerages have recently commented on TDG. Susquehanna Bancshares dropped their target price on shares of TransDigm Group from $720.00 to $620.00 in a report on Wednesday, May 11th. StockNews.com downgraded TransDigm Group from a "buy" rating to a "hold" rating in a report on Thursday, May 19th. Wells Fargo & Company cut their target price on TransDigm Group from $700.00 to $620.00 in a research note on Wednesday, May 11th. Susquehanna dropped their price target on shares of TransDigm Group from $720.00 to $620.00 in a research note on Wednesday, May 11th. Finally, Truist Financial reduced their price objective on shares of TransDigm Group from $786.00 to $700.00 and set a "buy" rating for the company in a research note on Tuesday, July 19th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, TransDigm Group presently has an average rating of "Moderate Buy" and an average target price of $702.62.Insiders Place Their Bets
In related news, Director W Nicholas Howley sold 11,500 shares of the company's stock in a transaction on Friday, July 15th. The stock was sold at an average price of $540.70, for a total transaction of $6,218,050.00. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $11,651,003.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other TransDigm Group news, Director Robert J. Small bought 28,453 shares of the business's stock in a transaction that occurred on Monday, May 23rd. The stock was bought at an average cost of $565.00 per share, for a total transaction of $16,075,945.00. Following the completion of the transaction, the director now owns 2,415,931 shares of the company's stock, valued at approximately $1,365,001,015. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Nicholas Howley sold 11,500 shares of the company's stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $540.70, for a total transaction of $6,218,050.00. Following the sale, the director now directly owns 21,548 shares of the company's stock, valued at $11,651,003.60. The disclosure for this sale can be found here. 8.96% of the stock is currently owned by insiders. Institutional Investors Weigh In On TransDigm Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in TransDigm Group by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,602,332 shares of the aerospace company's stock worth $3,650,144,000 after acquiring an additional 117,137 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of TransDigm Group by 3.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 277,731 shares of the aerospace company's stock valued at $180,953,000 after purchasing an additional 9,870 shares during the period. Mar Vista Investment Partners LLC lifted its stake in shares of TransDigm Group by 4.4% during the 1st quarter. Mar Vista Investment Partners LLC now owns 204,557 shares of the aerospace company's stock valued at $133,277,000 after buying an additional 8,632 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in TransDigm Group by 8.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 191,424 shares of the aerospace company's stock worth $124,720,000 after buying an additional 14,657 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in TransDigm Group by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company's stock valued at $103,790,000 after acquiring an additional 1,132 shares during the period. 99.33% of the stock is currently owned by hedge funds and other institutional investors. TransDigm Group Company Profile (Get Rating)
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.Featured StoriesGet a free copy of the StockNews.com research report on TransDigm Group (TDG)Home Depot, Lowe's On Track To Grow 2022 Earnings Could Smaller be Better for Investors in Norwegian Cruise Lines? Walmart Or Target: Which Is The Stronger Stock? Volume Surges Spark Turnarounds for These 3 StocksCan Etsy Continue to Thrive After the Pandemic?
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