Woodward, Inc. (NASDAQ:WWD) EVP Randall Hobbs Sells 846 Shares

Woodward, Inc. (NASDAQ:WWD - Get Free Report) EVP Randall Hobbs sold 846 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $250.00, for a total transaction of $211,500.00. Following the sale, the executive vice president owned 48,981 shares in the company, valued at $12,245,250. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Randall Hobbs also recently made the following trade(s):

• On Wednesday, June 18th, Randall Hobbs sold 500 shares of Woodward stock. The stock was sold at an average price of $240.00, for a total transaction of $120,000.00.
• On Tuesday, June 3rd, Randall Hobbs sold 500 shares of Woodward stock. The shares were sold at an average price of $230.00, for a total transaction of $115,000.00.

Woodward Stock Performance

NASDAQ WWD traded down $2.43 during trading hours on Tuesday, reaching $251.08. 107,686 shares of the company were exchanged, compared to its average volume of 481,990. The stock has a market capitalization of $14.90 billion, a P/E ratio of 40.49, a P/E/G ratio of 2.96 and a beta of 1.26. The company has a quick ratio of 1.30, a current ratio of 1.95 and a debt-to-equity ratio of 0.21. The business's 50 day simple moving average is $222.33 and its 200-day simple moving average is $195.06. Woodward, Inc. has a 1 year low of $145.98 and a 1 year high of $255.83.

Woodward (NASDAQ:WWD - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The technology company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.25. The company had revenue of $883.63 million during the quarter, compared to analyst estimates of $838.61 million. Woodward had a net margin of 11.36% and a return on equity of 16.86%. Woodward's revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $1.62 earnings per share. On average, equities research analysts expect that Woodward, Inc. will post 6.15 earnings per share for the current year.

Woodward Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders 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 0.45%. The ex-dividend date of this dividend was Thursday, May 22nd. Woodward's dividend payout ratio is presently 18.09%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WWD. Jefferies Financial Group reiterated a "buy" rating and set a $245.00 price target (up previously from $225.00) on shares of Woodward in a research report on Friday, May 23rd. Truist Financial set a $267.00 price objective on shares of Woodward and gave the company a "buy" rating in a research report on Thursday, June 12th. Wall Street Zen upgraded shares of Woodward from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft raised shares of Woodward from a "hold" rating to a "buy" rating and set a $291.00 price target on the stock in a report on Tuesday, June 3rd. Finally, The Goldman Sachs Group boosted their price target on shares of Woodward from $229.00 to $255.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $228.88.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Woodward by 191.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 166 shares of the technology company's stock worth $30,000 after buying an additional 109 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Woodward by 2,314.3% in 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. boosted its holdings in shares of Woodward by 189.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company's stock worth $31,000 after buying an additional 112 shares during the last quarter. TCTC Holdings LLC boosted its holdings in shares of Woodward by 116.7% in the first quarter. TCTC Holdings LLC now owns 182 shares of the technology company's stock worth $33,000 after buying an additional 98 shares during the last quarter. Finally, NBT Bank N A NY purchased a new position in shares of Woodward in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 81.18% of the company's stock.

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.