Woodward, Inc. (NASDAQ:WWD - Get Free Report) Director Gregg C. Sengstack sold 6,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $167.01, for a total transaction of $1,002,060.00. Following the completion of the sale, the director now directly owns 17,450 shares of the company's stock, valued at $2,914,324.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Woodward Trading Up 2.6 %
Shares of Woodward stock opened at $173.15 on Tuesday. The stock has a market capitalization of $10.44 billion, a P/E ratio of 30.27, a price-to-earnings-growth ratio of 1.76 and a beta of 1.31. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.28. The company has a 50-day simple moving average of $150.93 and a 200 day simple moving average of $140.07. Woodward, Inc. has a 12-month low of $105.18 and a 12-month high of $173.99.
Woodward (NASDAQ:WWD - Get Free Report) last announced its earnings results on Monday, April 29th. The technology company reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.34. The business had revenue of $835.34 million during the quarter, compared to analysts' expectations of $807.04 million. Woodward had a net margin of 11.09% and a return on equity of 16.50%. The firm's revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the company posted $1.01 EPS. Research analysts expect that Woodward, Inc. will post 5.88 earnings per share for the current fiscal year.
Woodward Dividend Announcement
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Tuesday, May 21st. Woodward's dividend payout ratio (DPR) is currently 17.48%.
Institutional Investors Weigh In On Woodward
A number of hedge funds have recently made changes to their positions in WWD. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Woodward by 11.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,975 shares of the technology company's stock worth $1,364,000 after purchasing an additional 1,151 shares in the last quarter. BluePath Capital Management LLC bought a new stake in Woodward during the 3rd quarter worth about $32,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Woodward by 9.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 316,467 shares of the technology company's stock worth $39,324,000 after acquiring an additional 27,119 shares during the last quarter. Park Avenue Securities LLC bought a new stake in Woodward during the 3rd quarter worth about $460,000. Finally, TIAA Trust National Association bought a new stake in Woodward during the 3rd quarter worth about $501,000. Institutional investors and hedge funds own 81.18% of the company's stock.
Analyst Upgrades and Downgrades
WWD has been the subject of a number of research reports. Barclays increased their price target on shares of Woodward from $140.00 to $175.00 and gave the company an "equal weight" rating in a report on Monday. Truist Financial increased their price target on shares of Woodward from $143.00 to $152.00 and gave the company a "hold" rating in a report on Tuesday, April 30th. UBS Group increased their price target on shares of Woodward from $168.00 to $177.00 and gave the company a "buy" rating in a report on Tuesday, January 30th. Wells Fargo & Company increased their price objective on shares of Woodward from $156.00 to $172.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 30th. Finally, The Goldman Sachs Group increased their price objective on shares of Woodward from $159.00 to $201.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $173.13.
View Our Latest Stock Analysis on WWD
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.
Further Reading
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