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 value of $211,500.00. Following the transaction, the executive vice president directly owned 48,981 shares of the company's stock, valued at approximately $12,245,250. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, June 18th, Randall Hobbs sold 500 shares of Woodward stock. The shares were sold at an average price of $240.00, for a total value 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 value of $115,000.00.

Woodward Stock Performance

Shares of Woodward stock traded down $5.73 during trading hours on Thursday, hitting $246.30. 636,693 shares of the company were exchanged, compared to its average volume of 486,690. Woodward, Inc. has a 1 year low of $145.98 and a 1 year high of $255.69. The company has a current ratio of 1.95, a quick ratio of 1.30 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $224.92 and a 200-day moving average of $195.83. The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of 39.79, a P/E/G ratio of 2.93 and a beta of 1.26.

Woodward (NASDAQ:WWD - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The technology company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.25. Woodward had a return on equity of 16.86% and a net margin of 11.36%. The firm had revenue of $883.63 million for the quarter, compared to analyst estimates of $838.61 million. During the same quarter in the prior year, the company posted $1.62 earnings per share. Woodward's quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts expect that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Thursday, May 22nd. Woodward's dividend payout ratio (DPR) is 18.09%.

Analyst Ratings Changes

WWD has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a "buy" rating and issued a $245.00 price target (up from $225.00) on shares of Woodward in a report on Friday, May 23rd. Wall Street Zen raised Woodward from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. The Goldman Sachs Group boosted their price objective on Woodward from $229.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. UBS Group boosted their price objective on Woodward from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Finally, Truist Financial set a $267.00 price objective on Woodward and gave the company a "buy" rating in a research note on Thursday, June 12th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $228.88.

Institutional Trading of Woodward

Large investors have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its holdings in Woodward by 191.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 166 shares of the technology company's stock valued at $30,000 after purchasing an additional 109 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of 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 valued at $31,000 after acquiring an additional 162 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Woodward by 189.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company's stock valued at $31,000 after acquiring an additional 112 shares during the last quarter. TCTC Holdings LLC boosted its stake in shares of Woodward by 116.7% during 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 acquired a new stake in shares of Woodward during the fourth quarter valued at $34,000. Institutional investors and hedge funds 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.