Woodward, Inc. (NASDAQ:WWD - Get Free Report) Director John D. Cohn sold 2,400 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $179.57, for a total transaction of $430,968.00. Following the transaction, the director now owns 20,963 shares in the company, valued at approximately $3,764,325.91. This trade represents a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Woodward Price Performance
Shares of NASDAQ WWD opened at $181.32 on Friday. The firm has a market capitalization of $10.72 billion, a P/E ratio of 30.17, a PEG ratio of 1.94 and a beta of 1.38. Woodward, Inc. has a one year low of $131.12 and a one year high of $201.64. The company's fifty day moving average is $170.27 and its two-hundred day moving average is $171.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.23 and a current ratio of 1.89.
Woodward (NASDAQ:WWD - Get Free Report) last issued its earnings results on Monday, November 25th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.22 by $0.19. The company had revenue of $855.00 million for the quarter, compared to analyst estimates of $810.39 million. Woodward had a net margin of 11.22% and a return on equity of 17.13%. The business's revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 EPS. Analysts forecast that Woodward, Inc. will post 5.98 EPS for the current fiscal year.
Woodward Announces Dividend
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The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Thursday, November 21st. Woodward's dividend payout ratio (DPR) is presently 16.64%.
Wall Street Analysts Forecast Growth
WWD has been the topic of a number of research reports. UBS Group raised their target price on shares of Woodward from $209.00 to $228.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. TD Cowen reiterated a "hold" rating and issued a $160.00 price objective (down from $186.00) on shares of Woodward in a research report on Friday, October 4th. StockNews.com upgraded shares of Woodward from a "hold" rating to a "buy" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Woodward from $158.00 to $162.00 and gave the company a "hold" rating in a research report on Thursday, October 3rd. Finally, Barclays lifted their price objective on shares of Woodward from $175.00 to $200.00 and gave the company an "equal weight" rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $187.44.
View Our Latest Stock Report on WWD
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC raised its stake in shares of Woodward by 11.0% during the 3rd quarter. Tidal Investments LLC now owns 2,738 shares of the technology company's stock worth $470,000 after buying an additional 271 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Woodward during the 3rd quarter worth $2,547,000. Sanctuary Advisors LLC raised its stake in shares of Woodward by 8.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,897 shares of the technology company's stock worth $1,742,000 after buying an additional 737 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Woodward by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,278,502 shares of the technology company's stock worth $219,321,000 after buying an additional 59,290 shares during the last quarter. Finally, M&T Bank Corp raised its stake in shares of Woodward by 0.4% during the 3rd quarter. M&T Bank Corp now owns 28,734 shares of the technology company's stock worth $4,928,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company's stock.
Woodward Company Profile
(
Get Free Report)
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.
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