Woodward, Inc. (NASDAQ:WWD) EVP Randall Hobbs Sells 500 Shares

Woodward, Inc. (NASDAQ:WWD - Get Free Report) EVP Randall Hobbs sold 500 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were 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. This trade represents 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 this link.

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 transaction of $115,000.00.

Woodward Trading Up 1.6%

Woodward stock traded up $3.78 during midday trading on Monday, hitting $241.67. 420,388 shares of the stock were exchanged, compared to its average volume of 477,509. The company has a fifty day simple moving average of $205.98 and a two-hundred day simple moving average of $189.51. 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 stock has a market capitalization of $14.35 billion, a PE ratio of 39.04, a P/E/G ratio of 2.79 and a beta of 1.24. Woodward, Inc. has a 52 week low of $145.98 and a 52 week high of $241.89.

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

Woodward Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, May 22nd. This represents a $1.12 annualized dividend and a yield of 0.46%. Woodward's dividend payout ratio (DPR) is currently 18.09%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WWD. MassMutual Private Wealth & Trust FSB raised its position in 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 stake in shares of Woodward by 2,314.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the technology company's stock worth $31,000 after acquiring an additional 162 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 valued at $31,000 after purchasing an additional 112 shares during the last quarter. TCTC Holdings LLC lifted its position 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 purchasing an additional 98 shares in the last quarter. Finally, NBT Bank N A NY bought a new stake in shares of Woodward in the fourth quarter worth $34,000. Institutional investors own 81.18% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WWD. Wall Street Zen raised Woodward from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Truist Financial set a $267.00 price target on Woodward and gave the company a "buy" rating in a research note on Thursday, June 12th. UBS Group lifted their price objective on Woodward from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. The Goldman Sachs Group boosted their price objective on Woodward from $229.00 to $255.00 and gave the stock a "buy" rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Woodward from a "hold" rating to a "buy" rating and set a $291.00 target price on the stock in a research note on Tuesday, June 3rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $228.88.

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.