Woodward, Inc. (NASDAQ:WWD) insider Chad Robert Preiss sold 7,000 shares of the company’s stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $76.22, for a total transaction of $533,540.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Woodward opened at $75.07 on Thursday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.48 and a current ratio of 2.92. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 1.76 and a beta of 1.25. Woodward, Inc. has a one year low of $65.76 and a one year high of $89.30.
Woodward (NASDAQ:WWD) last issued its earnings results on Monday, April 23rd. The technology company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. The business had revenue of $548.25 million for the quarter, compared to the consensus estimate of $526.84 million. Woodward had a net margin of 7.94% and a return on equity of 14.56%. Woodward’s quarterly revenue was up 9.6% compared to the same quarter last year. equities analysts forecast that Woodward, Inc. will post 3.62 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 4th. Shareholders of record on Monday, May 21st will be paid a $0.142 dividend. The ex-dividend date is Friday, May 18th. This represents a $0.57 dividend on an annualized basis and a yield of 0.76%. Woodward’s dividend payout ratio is currently 18.04%.
A number of hedge funds have recently modified their holdings of WWD. Fisher Asset Management LLC bought a new position in Woodward in the 1st quarter worth about $217,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Woodward by 49.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,282 shares of the technology company’s stock worth $251,000 after acquiring an additional 1,092 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Woodward during the fourth quarter valued at approximately $258,000. Kovack Advisors Inc. bought a new position in shares of Woodward during the fourth quarter valued at approximately $260,000. Finally, Zions Bancorporation bought a new position in shares of Woodward during the first quarter valued at approximately $262,000. Institutional investors and hedge funds own 72.72% of the company’s stock.
A number of research firms recently weighed in on WWD. BidaskClub lowered shares of Woodward from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. Wood & Company reissued a “hold” rating on shares of Woodward in a research report on Tuesday, April 24th. Credit Suisse Group reduced their price objective on shares of Woodward from $81.00 to $78.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 24th. Stephens set a $89.00 price objective on shares of Woodward and gave the stock a “buy” rating in a research report on Monday, March 19th. Finally, Zacks Investment Research lowered shares of Woodward from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $79.40.
Woodward Company Profile
Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its 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 that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.
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