Woodward, Inc. (NASDAQ:WWD) Director Paul Donovan sold 5,700 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $70.55, for a total value of $402,135.00. Following the completion of the sale, the director now directly owns 39,052 shares of the company’s stock, valued at $2,755,118.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Woodward, Inc. (WWD) traded down 0.53% on Thursday, reaching $70.07. The company had a trading volume of 116,447 shares. The company’s 50-day moving average price is $68.97 and its 200-day moving average price is $68.78. Woodward, Inc. has a 52-week low of $57.09 and a 52-week high of $72.97. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 22.03 and a beta of 1.21.
Woodward (NASDAQ:WWD) last posted its earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The business had revenue of $548.62 million for the quarter, compared to analyst estimates of $530.89 million. Woodward had a return on equity of 16.12% and a net margin of 9.67%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 EPS. On average, analysts predict that Woodward, Inc. will post $3.10 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, August 18th. Woodward’s payout ratio is presently 15.77%.
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Several hedge funds and other institutional investors have recently bought and sold shares of WWD. Quadrature Capital Ltd purchased a new position in shares of Woodward during the fourth quarter worth approximately $204,000. UBS Asset Management Americas Inc. raised its position in shares of Woodward by 1.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 215,960 shares of the technology company’s stock worth $14,911,000 after buying an additional 3,088 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Woodward by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 93,966 shares of the technology company’s stock worth $6,488,000 after buying an additional 2,273 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Woodward during the fourth quarter worth approximately $224,000. Finally, Capstone Asset Management Co. raised its position in shares of Woodward by 29.1% in the first quarter. Capstone Asset Management Co. now owns 6,372 shares of the technology company’s stock worth $433,000 after buying an additional 1,437 shares in the last quarter. 71.09% of the stock is currently owned by institutional investors and hedge funds.
WWD has been the subject of several research reports. CIBC initiated coverage on Woodward in a research report on Friday, July 14th. They issued an “outperform” rating and a $82.00 price objective for the company. Wood & Company reissued a “buy” rating and issued a $80.00 price objective on shares of Woodward in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. initiated coverage on Woodward in a research report on Friday, July 14th. They issued an “outperform” rating and a $82.00 price objective for the company. Cowen and Company reissued a “market perform” rating and issued a $62.00 price objective (up from $58.00) on shares of Woodward in a research report on Friday, April 21st. Finally, BidaskClub cut Woodward from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.89.
Woodward Company Profile
Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
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