Gregg C. Sengstack Sells 6,000 Shares of Woodward, Inc. (NASDAQ:WWD) Stock

Woodward, Inc. (NASDAQ:WWD - Get Free Report) Director Gregg C. Sengstack sold 6,000 shares of the business's stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $167.01, for a total value of $1,002,060.00. Following the transaction, the director now directly owns 17,450 shares of the company's stock, valued at $2,914,324.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Woodward Stock Performance

WWD stock traded up $4.32 during midday trading on Monday, hitting $173.15. The stock had a trading volume of 1,031,073 shares, compared to its average volume of 408,183. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of 30.30, a P/E/G ratio of 1.76 and a beta of 1.31. Woodward, Inc. has a 52 week low of $105.18 and a 52 week high of $173.99. The stock has a 50-day simple moving average of $150.23 and a 200 day simple moving average of $139.73.

Woodward (NASDAQ:WWD - Get Free Report) last announced its quarterly earnings data on Monday, April 29th. The technology company reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.34. Woodward had a return on equity of 16.50% and a net margin of 11.09%. The firm had revenue of $835.34 million during the quarter, compared to analyst estimates of $807.04 million. During the same period last year, the company earned $1.01 earnings per share. The company's revenue was up 16.3% on a year-over-year basis. As a group, equities research analysts anticipate that Woodward, Inc. will post 5.88 earnings per share for the current year.

Woodward Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. Woodward's dividend payout ratio is currently 17.48%.

Analysts Set New Price Targets

Several research firms recently issued reports on WWD. StockNews.com cut shares of Woodward from a "strong-buy" rating to a "buy" rating in a report on Friday, February 2nd. UBS Group raised their price target on shares of Woodward from $168.00 to $177.00 and gave the stock a "buy" rating in a research note on Tuesday, January 30th. Wells Fargo & Company increased their target price on Woodward from $156.00 to $172.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 30th. Truist Financial raised their target price on shares of Woodward from $143.00 to $152.00 and gave the stock a "hold" rating in a research report on Tuesday, April 30th. Finally, Barclays increased their price target on shares of Woodward from $140.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Monday. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Woodward presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its position in Woodward by 79.3% during the fourth quarter. Venturi Wealth Management LLC now owns 199 shares of the technology company's stock valued at $27,000 after purchasing an additional 88 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Woodward in the first quarter valued at about $31,000. BluePath Capital Management LLC bought a new position in shares of Woodward in the third quarter worth about $32,000. Principal Securities Inc. bought a new stake in shares of Woodward during the 4th quarter valued at approximately $34,000. Finally, Mather Group LLC. acquired a new position in Woodward during the 1st quarter worth approximately $34,000. 81.18% of the stock is owned by institutional investors and hedge funds.

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.