Woodward, Inc.Common Stock (NASDAQ:WWD) Director Mary L. Petrovich sold 3,577 shares of Woodward, Inc.Common Stock stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $107.23, for a total value of $383,561.71. Following the transaction, the director now owns 6,015 shares of the company’s stock, valued at approximately $644,988.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NASDAQ WWD opened at $104.39 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.19 and a debt-to-equity ratio of 0.59. Woodward, Inc.Common Stock has a 1-year low of $68.40 and a 1-year high of $119.20. The company has a 50 day moving average of $112.89 and a 200-day moving average of $104.48. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.69 and a beta of 1.34.
Woodward, Inc.Common Stock (NASDAQ:WWD) last released its quarterly earnings results on Monday, August 5th. The technology company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.13. Woodward, Inc.Common Stock had a net margin of 9.27% and a return on equity of 19.79%. The company had revenue of $752.01 million during the quarter, compared to the consensus estimate of $699.59 million. During the same period in the previous year, the business earned $1.12 earnings per share. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. On average, equities research analysts forecast that Woodward, Inc.Common Stock will post 4.91 earnings per share for the current year.
A number of research firms recently commented on WWD. Barrington Research set a $110.00 price target on Woodward, Inc.Common Stock and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Wood & Company reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Tuesday, May 7th. Zacks Investment Research upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Friday, May 3rd. BidaskClub cut Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Thursday. Finally, ValuEngine cut Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $103.40.
A number of institutional investors and hedge funds have recently made changes to their positions in WWD. Motco bought a new stake in shares of Woodward, Inc.Common Stock during the second quarter worth $39,000. Quadrant Capital Group LLC grew its stake in shares of Woodward, Inc.Common Stock by 774.2% during the first quarter. Quadrant Capital Group LLC now owns 542 shares of the technology company’s stock worth $50,000 after buying an additional 480 shares during the last quarter. Pearl River Capital LLC bought a new stake in shares of Woodward, Inc.Common Stock during the first quarter worth $66,000. FNY Investment Advisers LLC bought a new stake in shares of Woodward, Inc.Common Stock during the second quarter worth $80,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Woodward, Inc.Common Stock during the first quarter worth $94,000. Institutional investors and hedge funds own 75.18% of the company’s stock.
About Woodward, Inc.Common Stock
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers 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, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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