Thomas G. Cromwell Sells 10,000 Shares of Woodward, Inc. (NASDAQ:WWD) Stock

Woodward, Inc. (NASDAQ:WWD) COO Thomas G. Cromwell sold 10,000 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $179.99, for a total transaction of $1,799,900.00. Following the transaction, the chief operating officer now owns 11,511 shares of the company’s stock, valued at approximately $2,071,864.89. This represents a 46.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Woodward Stock Performance

Shares of WWD traded up $0.01 during trading hours on Tuesday, hitting $178.36. The company had a trading volume of 12,111 shares, compared to its average volume of 432,476. The business has a fifty day moving average of $169.52 and a 200-day moving average of $170.98. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 0.26. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 1.91 and a beta of 1.38. Woodward, Inc. has a 12 month low of $131.12 and a 12 month high of $201.64.

Woodward Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 annualized dividend and a yield of 0.56%. Woodward’s dividend payout ratio is currently 16.64%.

Institutional Investors Weigh In On Woodward

A number of institutional investors have recently made changes to their positions in the company. True Wealth Design LLC bought a new stake in shares of Woodward in the third quarter valued at about $28,000. Wolff Wiese Magana LLC acquired a new stake in Woodward in the 3rd quarter worth about $31,000. AlphaCentric Advisors LLC acquired a new stake in Woodward in the 2nd quarter worth about $37,000. Capital Performance Advisors LLP bought a new stake in Woodward in the 3rd quarter valued at about $41,000. Finally, UMB Bank n.a. grew its position in shares of Woodward by 101.6% during the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock worth $42,000 after purchasing an additional 124 shares in the last quarter. Institutional investors own 81.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on WWD shares. StockNews.com raised Woodward from a “hold” rating to a “buy” rating in a research report on Monday. UBS Group increased their price objective on Woodward from $209.00 to $228.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays boosted their target price on shares of Woodward from $175.00 to $200.00 and gave the stock an “equal weight” rating in a report on Tuesday. TD Cowen reiterated a “hold” rating and issued a $160.00 price target (down previously from $186.00) on shares of Woodward in a research note on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.44.

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.