Woodward (NASDAQ:WWD) Director Sells $427,560.00 in Stock

Key Points

• Woodward, Inc. Director John Cohn sold 1,750 shares of stock at an average price of $244.32, resulting in a total sale value of $427,560 and a 7.70% decrease in his ownership of the company.
• The company recently reported earnings of $1.76 EPS for the quarter, surpassing analysts' estimates, with a revenue increase of 8.0% compared to the same quarter last year.
• Woodward declared a quarterly dividend of $0.28 per share, yielding an annualized dividend of $1.12 and a payout ratio of 17.72%.

Woodward, Inc. (NASDAQ:WWD - Get Free Report) Director John D. Cohn sold 1,750 shares of the company's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $244.32, for a total transaction of $427,560.00. Following the sale, the director directly owned 20,963 shares of the company's stock, valued at $5,121,680.16. This represents a 7.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Woodward Price Performance

WWD traded up $1.71 on Monday, hitting $239.88. 665,290 shares of the stock were exchanged, compared to its average volume of 522,563. Woodward, Inc. has a 12 month low of $146.82 and a 12 month high of $267.45. The business has a 50-day moving average of $249.97 and a two-hundred day moving average of $217.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.04 and a quick ratio of 1.39. The firm has a market capitalization of $14.38 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 2.58 and a beta of 1.27.

Woodward (NASDAQ:WWD - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.14. Woodward had a net margin of 11.32% and a return on equity of 16.57%. The business had revenue of $915.45 million during the quarter, compared to analysts' expectations of $884.98 million. During the same quarter in the prior year, the business posted $1.63 earnings per share. Woodward's revenue was up 8.0% compared to the same quarter last year. Woodward has set its FY 2025 guidance at 6.500-6.750 EPS. Sell-side analysts forecast that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, August 21st. Woodward's payout ratio is currently 17.72%.

Institutional Investors Weigh In On Woodward

Institutional investors have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB grew its position in shares of Woodward by 191.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 166 shares of the technology company's stock valued at $30,000 after buying an additional 109 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Woodward by 2,314.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the technology company's stock valued at $31,000 after buying an additional 162 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Woodward by 189.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company's stock valued at $31,000 after buying an additional 112 shares during the last quarter. TCTC Holdings LLC grew its position in shares of Woodward by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 182 shares of the technology company's stock valued at $33,000 after buying an additional 98 shares during the last quarter. Finally, Virtus Advisers LLC bought a new stake in shares of Woodward in the 1st quarter valued at about $38,000. Institutional investors own 81.18% of the company's stock.

Wall Street Analysts Forecast Growth

WWD has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a "buy" rating and issued a $245.00 target price (up previously from $225.00) on shares of Woodward in a research report on Friday, May 23rd. Barclays lifted their target price on Woodward from $200.00 to $260.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Truist Financial lifted their target price on Woodward from $267.00 to $294.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Alembic Global Advisors upgraded Woodward from a "neutral" rating to an "overweight" rating and set a $281.00 target price for the company in a research report on Wednesday, August 20th. Finally, UBS Group increased their target price on Woodward from $283.00 to $299.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $253.11.

Woodward Company Profile

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.