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Woodward, Inc. (NASDAQ:WWD - Get Free Report) Director John Cohn sold 3,000 shares of the firm's stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $296.33, for a total transaction of $888,990.00. Following the completion of the transaction, the director directly owned 21,575 shares in the company, valued at $6,393,319.75. This trade represents a 12.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Woodward Trading Up 0.1%
WWD opened at $300.25 on Tuesday. The firm has a 50 day simple moving average of $261.23 and a 200 day simple moving average of $248.63. Woodward, Inc. has a fifty-two week low of $146.82 and a fifty-two week high of $304.72. The company has a market cap of $17.98 billion, a price-to-earnings ratio of 47.51, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.04 and a quick ratio of 1.39.
Woodward (NASDAQ:WWD - Get Free Report) last announced its quarterly earnings data on Monday, November 24th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.26. Woodward had a net margin of 11.32% and a return on equity of 16.57%. The firm had revenue of $995.26 million for the quarter, compared to analysts' expectations of $943.15 million. During the same period last year, the firm earned $1.41 earnings per share. The business's revenue for the quarter was up 16.5% on a year-over-year basis. Woodward has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts anticipate that Woodward, Inc. will post 6.15 earnings per share for the current year.
Woodward Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.4%. Woodward's payout ratio is 15.58%.
Woodward announced that its board has approved a share repurchase plan on Thursday, November 20th that authorizes the company to repurchase $1.80 billion in shares. This repurchase authorization authorizes the technology company to buy up to 11.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Alembic Global Advisors upgraded Woodward from a "neutral" rating to an "overweight" rating and set a $281.00 target price on the stock in a report on Wednesday, August 20th. Wolfe Research set a $300.00 price target on shares of Woodward and gave the company an "outperform" rating in a research report on Friday, October 3rd. Jefferies Financial Group restated a "buy" rating and set a $350.00 price objective on shares of Woodward in a report on Monday. Zacks Research downgraded shares of Woodward from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, UBS Group lifted their price target on shares of Woodward from $329.00 to $345.00 and gave the stock a "buy" rating in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Woodward presently has a consensus rating of "Moderate Buy" and an average price target of $286.67.
Read Our Latest Stock Analysis on Woodward
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Harvest Investment Services LLC bought a new stake in shares of Woodward during the third quarter worth $2,340,000. CANADA LIFE ASSURANCE Co boosted its stake in Woodward by 2.6% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 35,704 shares of the technology company's stock worth $8,781,000 after purchasing an additional 915 shares during the period. Williamson Legacy Group LLC bought a new position in Woodward during the 3rd quarter worth about $765,000. Dark Forest Capital Management LP acquired a new stake in shares of Woodward in the 3rd quarter valued at about $2,234,000. Finally, Untitled Investments LP bought a new stake in shares of Woodward in the third quarter valued at about $16,149,000. Institutional investors own 81.18% of the company's stock.
About Woodward
(
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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