Woodward, Inc.Common Stock (NASDAQ:WWD) insider Thomas A. Gendron sold 25,500 shares of Woodward, Inc.Common Stock stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $95.60, for a total value of $2,437,800.00. Following the completion of the sale, the insider now directly owns 231,400 shares in the company, valued at approximately $22,121,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ:WWD traded up $0.50 during trading on Friday, reaching $96.42. 177,015 shares of the stock were exchanged, compared to its average volume of 460,035. Woodward, Inc.Common Stock has a 12 month low of $68.40 and a 12 month high of $97.39. The stock has a market cap of $6.03 billion, a PE ratio of 25.04, a P/E/G ratio of 1.63 and a beta of 1.43. The company has a quick ratio of 1.05, a current ratio of 1.96 and a debt-to-equity ratio of 0.63.
Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its quarterly earnings data on Monday, January 28th. The technology company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.22. Woodward, Inc.Common Stock had a return on equity of 18.03% and a net margin of 8.42%. The company had revenue of $652.80 million during the quarter, compared to analysts’ expectations of $583.12 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The business’s revenue was up 38.9% on a year-over-year basis. Equities research analysts expect that Woodward, Inc.Common Stock will post 4.62 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 19th will be issued a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, February 15th. This is a boost from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. Woodward, Inc.Common Stock’s payout ratio is currently 16.88%.
A number of research firms recently commented on WWD. Barrington Research upgraded Woodward, Inc.Common Stock from a “market perform” rating to an “outperform” rating and set a $98.00 price target for the company in a report on Friday, November 9th. Credit Suisse Group lifted their price target on Woodward, Inc.Common Stock from $81.00 to $83.00 and gave the stock a “neutral” rating in a report on Monday, December 10th. SunTrust Banks upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $96.00 in a report on Tuesday, November 20th. BidaskClub upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. Finally, Wood & Company reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Thursday, November 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Woodward, Inc.Common Stock presently has a consensus rating of “Hold” and a consensus target price of $89.57.
Several large investors have recently modified their holdings of the company. Private Capital Group LLC boosted its stake in shares of Woodward, Inc.Common Stock by 437.6% in the fourth quarter. Private Capital Group LLC now owns 500 shares of the technology company’s stock valued at $37,000 after buying an additional 407 shares during the period. SeaBridge Investment Advisors LLC bought a new stake in shares of Woodward, Inc.Common Stock in the fourth quarter valued at approximately $59,000. Quantamental Technologies LLC bought a new stake in shares of Woodward, Inc.Common Stock in the fourth quarter valued at approximately $80,000. Advisory Services Network LLC boosted its stake in shares of Woodward, Inc.Common Stock by 564.4% in the fourth quarter. Advisory Services Network LLC now owns 2,465 shares of the technology company’s stock valued at $183,000 after buying an additional 2,094 shares during the period. Finally, HighPoint Advisor Group LLC bought a new stake in shares of Woodward, Inc.Common Stock in the third quarter valued at approximately $218,000. Institutional investors own 73.43% of the company’s stock.
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Woodward, Inc.Common Stock Company Profile
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers 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, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
Further Reading: Market Capitalization
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