Woodward, Inc. (NASDAQ:WWD - Get Free Report) EVP Shawn Mclevige sold 2,150 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $356.82, for a total transaction of $767,163.00. Following the completion of the transaction, the executive vice president directly owned 3,098 shares of the company's stock, valued at $1,105,428.36. This trade represents a 40.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Woodward Price Performance
Shares of NASDAQ:WWD opened at $363.57 on Tuesday. The firm has a 50 day simple moving average of $395.86 and a 200 day simple moving average of $377.83. The company has a market cap of $21.66 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 2.12 and a beta of 0.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.14. Woodward, Inc. has a one year low of $233.31 and a one year high of $450.92.
Woodward (NASDAQ:WWD - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.08. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Woodward had a return on equity of 21.89% and a net margin of 13.17%.Woodward's revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the business posted $1.76 EPS. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. Research analysts predict that Woodward, Inc. will post 9.43 earnings per share for the current fiscal year.
Woodward Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. Woodward's dividend payout ratio (DPR) is presently 14.24%.
Analyst Ratings Changes
A number of equities analysts recently commented on WWD shares. Susquehanna assumed coverage on Woodward in a research note on Tuesday, May 26th. They issued a "positive" rating and a $423.00 price objective on the stock. Truist Financial lifted their target price on Woodward from $404.00 to $415.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Royal Bank Of Canada dropped their price objective on shares of Woodward from $450.00 to $430.00 and set an "outperform" rating on the stock in a report on Thursday. Weiss Ratings reissued a "buy (b)" rating on shares of Woodward in a research note on Friday, July 17th. Finally, TD Cowen boosted their price target on shares of Woodward from $390.00 to $420.00 and gave the company a "hold" rating in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $406.00.
Check Out Our Latest Stock Report on WWD
Hedge Funds Weigh In On Woodward
Institutional investors have recently modified their holdings of the business. Norges Bank purchased a new position in Woodward in the 4th quarter valued at approximately $251,365,000. Invesco Ltd. increased its holdings in Woodward by 122.0% during the 3rd quarter. Invesco Ltd. now owns 905,578 shares of the technology company's stock worth $228,849,000 after acquiring an additional 497,722 shares during the period. Findlay Park Partners LLP boosted its holdings in Woodward by 136.2% in the 4th quarter. Findlay Park Partners LLP now owns 686,200 shares of the technology company's stock valued at $207,452,000 after purchasing an additional 395,726 shares during the period. Artisan Partners Limited Partnership raised its position in shares of Woodward by 45.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,065,294 shares of the technology company's stock worth $322,060,000 after buying an additional 334,333 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in Woodward by 1,086.9% in the 3rd quarter. Two Sigma Investments LP now owns 330,514 shares of the technology company's stock worth $83,524,000 after acquiring an additional 302,666 shares during the last quarter. 81.18% of the stock is owned by institutional investors.
Woodward Company Profile
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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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