Woodward, Inc. (NASDAQ:WWD) EVP Sells $120,000.00 in Stock

Woodward, Inc. (NASDAQ:WWD - Get Free Report) EVP Randall Hobbs sold 500 shares of Woodward stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $240.00, for a total value of $120,000.00. Following the completion of the sale, the executive vice president now owns 49,827 shares of the company's stock, valued at approximately $11,958,480. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, June 3rd, Randall Hobbs sold 500 shares of Woodward stock. The stock was sold at an average price of $230.00, for a total value of $115,000.00.

Woodward Stock Down 0.5%

Shares of NASDAQ:WWD traded down $1.10 during mid-day trading on Friday, hitting $237.89. 783,788 shares of the company traded hands, compared to its average volume of 478,597. The stock has a market cap of $14.12 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.81 and a beta of 1.24. The company has a current ratio of 1.95, a quick ratio of 1.30 and a debt-to-equity ratio of 0.21. Woodward, Inc. has a 12-month low of $145.98 and a 12-month high of $242.07. The stock has a 50-day moving average price of $205.98 and a two-hundred day moving average price of $189.42.

Woodward (NASDAQ:WWD - Get Free Report) last announced its 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 company had revenue of $883.63 million for the quarter, compared to analysts' expectations of $838.61 million. Woodward had a return on equity of 16.86% and a net margin of 11.36%. Woodward's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.62 earnings per share. On average, equities research analysts forecast that Woodward, Inc. will post 6.15 earnings per share for the current year.

Woodward Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its position in Woodward by 1.6% in the first quarter. Russell Investments Group Ltd. now owns 3,765 shares of the technology company's stock worth $687,000 after purchasing an additional 61 shares during the last quarter. Assetmark Inc. boosted its position in Woodward by 20.8% in the fourth quarter. Assetmark Inc. now owns 401 shares of the technology company's stock worth $67,000 after purchasing an additional 69 shares during the last quarter. Summit Financial LLC boosted its position in Woodward by 6.5% in the fourth quarter. Summit Financial LLC now owns 1,324 shares of the technology company's stock worth $220,000 after purchasing an additional 81 shares during the last quarter. Xponance Inc. boosted its position in Woodward by 1.2% in the first quarter. Xponance Inc. now owns 6,830 shares of the technology company's stock worth $1,246,000 after purchasing an additional 81 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Woodward by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,649 shares of the technology company's stock worth $1,396,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 81.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. UBS Group boosted their price objective on Woodward from $200.00 to $220.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Wall Street Zen upgraded Woodward from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft upgraded Woodward from a "hold" rating to a "buy" rating and set a $291.00 price objective for the company in a report on Tuesday, June 3rd. Jefferies Financial Group restated a "buy" rating and set a $245.00 price objective (up previously from $225.00) on shares of Woodward in a report on Friday, May 23rd. Finally, Wells Fargo & Company boosted their price objective on Woodward from $175.00 to $193.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $222.13.

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.