Woodward, Inc. (NASDAQ:WWD) EVP Sells $115,000.00 in Stock

Woodward, Inc. (NASDAQ:WWD - Get Free Report) EVP Randall Hobbs sold 500 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $230.00, for a total transaction of $115,000.00. Following the transaction, the executive vice president now owns 50,268 shares in the company, valued at approximately $11,561,640. The trade was a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Woodward Stock Up 1.2%

WWD traded up $2.89 during trading on Friday, reaching $236.22. The company had a trading volume of 124,583 shares, compared to its average volume of 468,123. The business's fifty day moving average price is $191.62 and its 200 day moving average price is $185.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 1.19. Woodward, Inc. has a 12 month low of $145.98 and a 12 month high of $237.50. The company has a market cap of $14.02 billion, a P/E ratio of 39.53, a PEG ratio of 2.37 and a beta of 1.24.

Woodward (NASDAQ:WWD - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.25. The firm had revenue of $883.63 million for the quarter, compared to the consensus estimate of $838.61 million. Woodward had a return on equity of 16.76% and a net margin of 11.18%. The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $1.62 EPS. Equities analysts anticipate that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Thursday, May 22nd. Woodward's dividend payout ratio is currently 18.09%.

Analyst Ratings Changes

WWD has been the topic of a number of analyst reports. UBS Group increased their price target on Woodward from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Jefferies Financial Group reissued a "buy" rating and issued a $245.00 target price (up previously from $225.00) on shares of Woodward in a research note on Friday, May 23rd. Truist Financial set a $232.00 target price on Woodward in a report on Friday, May 23rd. Wells Fargo & Company upped their price target on Woodward from $175.00 to $193.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Finally, Wall Street Zen raised shares of Woodward from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Woodward has an average rating of "Moderate Buy" and a consensus price target of $217.75.

Institutional Trading of Woodward

Several institutional investors and hedge funds have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB increased its position in shares of Woodward by 191.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 166 shares of the technology company's stock worth $30,000 after purchasing an additional 109 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Woodward by 2,314.3% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the technology company's stock worth $31,000 after buying an additional 162 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Woodward by 189.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company's stock worth $31,000 after acquiring an additional 112 shares in the last quarter. TCTC Holdings LLC lifted its stake in Woodward by 116.7% in the first quarter. TCTC Holdings LLC now owns 182 shares of the technology company's stock valued at $33,000 after acquiring an additional 98 shares during the last quarter. Finally, NBT Bank N A NY bought a new position in shares of Woodward in the 4th quarter valued at about $34,000. Institutional investors own 81.18% of the company's stock.

About Woodward

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.