Woodward, Inc. (NASDAQ:WWD) COO Thomas G. Cromwell Sells 7,913 Shares

Woodward, Inc. (NASDAQ:WWD) COO Thomas G. Cromwell sold 7,913 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $175.13, for a total value of $1,385,803.69. Following the completion of the transaction, the chief operating officer now owns 11,511 shares in the company, valued at $2,015,921.43. This represents a 40.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Woodward Stock Down 1.9 %

Shares of Woodward stock opened at $169.55 on Friday. Woodward, Inc. has a 12-month low of $126.31 and a 12-month high of $188.35. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $167.09 and a two-hundred day moving average price of $170.80. The stock has a market capitalization of $10.12 billion, a P/E ratio of 28.35, a PEG ratio of 1.84 and a beta of 1.38.

Woodward Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.25 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. Woodward’s payout ratio is presently 16.72%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WWD shares. StockNews.com upgraded shares of Woodward from a “hold” rating to a “buy” rating in a research note on Thursday. Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and upped their price target for the stock from $152.00 to $187.00 in a research note on Wednesday, August 21st. TD Cowen reissued a “hold” rating and set a $160.00 price objective (down previously from $186.00) on shares of Woodward in a research report on Friday, October 4th. Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and upped their target price for the stock from $170.00 to $190.00 in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group reduced their price target on Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. True Wealth Design LLC bought a new position in Woodward during the third quarter worth $28,000. Wolff Wiese Magana LLC acquired a new position in shares of Woodward during the third quarter valued at about $31,000. AlphaCentric Advisors LLC bought a new stake in shares of Woodward in the second quarter valued at about $37,000. Capital Performance Advisors LLP acquired a new stake in Woodward during the third quarter worth about $41,000. Finally, UMB Bank n.a. increased its stake in Woodward by 101.6% during the third quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock valued at $42,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Company Profile

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides 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, servocontrols, motors, and sensors for aircraft.