Key Points
- Woodward EVP Karrie Bem sold 279 shares on May 15 at an average price of $361.44, totaling about $100,842. After the sale, Bem still held 4,018 shares, a 6.49% reduction in ownership.
- The company recently reported stronger-than-expected quarterly results, posting $2.27 EPS versus the $2.10 estimate and revenue of $1.09 billion, up 23.4% year over year.
- Woodward also announced a quarterly dividend of $0.32 per share, payable June 4, which works out to a 0.4% annualized yield and a 15.33% payout ratio.
Woodward, Inc. (NASDAQ:WWD - Get Free Report) EVP Karrie Bem sold 279 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $361.44, for a total value of $100,841.76. Following the transaction, the executive vice president directly owned 4,018 shares in the company, valued at $1,452,265.92. The trade was a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Woodward Price Performance
NASDAQ WWD opened at $349.41 on Tuesday. The business's fifty day moving average price is $371.78 and its 200-day moving average price is $338.79. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of 41.85, a PEG ratio of 2.07 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.73 and a quick ratio of 1.19. Woodward, Inc. has a 1-year low of $204.03 and a 1-year high of $407.00.
Woodward (NASDAQ:WWD - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.17. The firm had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.01 billion. Woodward had a return on equity of 20.12% and a net margin of 12.85%.The company's revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.69 EPS. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. On average, equities analysts predict that Woodward, Inc. will post 9.39 earnings per share for the current year.
Woodward Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, May 21st. Woodward's dividend payout ratio is presently 15.33%.
Institutional Investors Weigh In On Woodward
A number of institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in Woodward during the third quarter valued at approximately $2,937,000. AlphaQuest LLC boosted its stake in Woodward by 300.8% during the third quarter. AlphaQuest LLC now owns 6,766 shares of the technology company's stock valued at $1,710,000 after buying an additional 5,078 shares during the last quarter. Syntax Research Inc. bought a new position in Woodward during the third quarter valued at approximately $1,011,000. Allianz Asset Management GmbH bought a new position in Woodward during the third quarter valued at approximately $12,300,000. Finally, Atlantic Union Bankshares Corp bought a new position in Woodward during the third quarter valued at approximately $878,000. Hedge funds and other institutional investors own 81.18% of the company's stock.
Analysts Set New Price Targets
WWD has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a "buy" rating and issued a $450.00 target price on shares of Woodward in a report on Sunday, February 8th. UBS Group raised their target price on Woodward from $427.00 to $429.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Royal Bank Of Canada initiated coverage on Woodward in a report on Thursday, April 16th. They issued an "outperform" rating and a $450.00 target price on the stock. Wells Fargo & Company initiated coverage on Woodward in a report on Wednesday, April 1st. They issued an "overweight" rating and a $440.00 target price on the stock. Finally, Zacks Research cut Woodward from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $390.27.
View Our Latest Stock Report on Woodward
About Woodward
(
Get Free Report)
Woodward, Inc (NASDAQ: WWD) is a global leader in the design, manufacture and service of control systems and components for the aerospace and industrial markets. Founded in 1870 and headquartered in Fort Collins, Colorado, the company specializes in motion control, fuel systems, actuation, and digital control solutions. Its offerings enable precision management of flow, pressure and motion in critical applications ranging from aircraft engines and power turbines to hydraulic systems.
Woodward's product portfolio is organized into two primary segments: Aerospace and Industrial.
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