Woodward, Inc.Common Stock (NASDAQ:WWD) insider Thomas A. Gendron sold 17,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $92.82, for a total transaction of $1,577,940.00. Following the transaction, the insider now directly owns 234,890 shares of the company’s stock, valued at approximately $21,802,489.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of WWD opened at $95.25 on Friday. The stock has a market cap of $5.86 billion, a PE ratio of 24.74, a P/E/G ratio of 1.57 and a beta of 1.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.96 and a quick ratio of 1.05. Woodward, Inc.Common Stock has a 52 week low of $68.40 and a 52 week high of $97.39.
Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its quarterly earnings data on Monday, January 28th. The technology company reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.22. The business had revenue of $652.80 million during the quarter, compared to analyst estimates of $583.12 million. Woodward, Inc.Common Stock had a net margin of 8.42% and a return on equity of 18.03%. The firm’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. Equities analysts predict that Woodward, Inc.Common Stock will post 4.62 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 19th were given a dividend of $0.1625 per share. The ex-dividend date was Friday, February 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.68%. This is a positive change from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. Woodward, Inc.Common Stock’s dividend payout ratio is currently 16.88%.
A number of research firms have weighed in on WWD. Barrington Research boosted their target price on shares of Woodward, Inc.Common Stock to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 29th. Zacks Investment Research reaffirmed a “hold” rating on shares of Woodward, Inc.Common Stock in a research report on Saturday, November 17th. BidaskClub raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. Wood & Company reaffirmed a “sell” rating on shares of Woodward, Inc.Common Stock in a research report on Tuesday, February 5th. Finally, Credit Suisse Group upped their price objective on shares of Woodward, Inc.Common Stock from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Monday, December 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Woodward, Inc.Common Stock presently has an average rating of “Hold” and an average price target of $89.57.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Private Capital Group LLC increased its stake in Woodward, Inc.Common Stock by 437.6% in the fourth quarter. Private Capital Group LLC now owns 500 shares of the technology company’s stock valued at $37,000 after acquiring an additional 407 shares during the period. SeaBridge Investment Advisors LLC bought a new stake in Woodward, Inc.Common Stock in the fourth quarter valued at about $59,000. Quantamental Technologies LLC bought a new stake in Woodward, Inc.Common Stock in the fourth quarter valued at about $80,000. Advisory Services Network LLC increased its stake in Woodward, Inc.Common Stock by 564.4% in the fourth quarter. Advisory Services Network LLC now owns 2,465 shares of the technology company’s stock valued at $183,000 after acquiring an additional 2,094 shares during the period. Finally, Wealthquest Corp bought a new stake in Woodward, Inc.Common Stock in the fourth quarter valued at about $222,000. 74.06% of the stock is owned by institutional investors and hedge funds.
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About Woodward, Inc.Common Stock
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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