Woodward, Inc.Common Stock (NASDAQ:WWD) Director Ronald M. Sega sold 2,125 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $84.05, for a total transaction of $178,606.25. Following the transaction, the director now owns 12,400 shares in the company, valued at approximately $1,042,220. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
WWD opened at $78.57 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.89. Woodward, Inc.Common Stock has a 1-year low of $68.56 and a 1-year high of $89.30. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.45 and a beta of 1.33.
Woodward, Inc.Common Stock (NASDAQ:WWD) last released its quarterly earnings data on Wednesday, November 7th. The technology company reported $1.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.08. The firm had revenue of $719.40 million for the quarter, compared to the consensus estimate of $689.01 million. Woodward, Inc.Common Stock had a net margin of 7.76% and a return on equity of 16.80%. The business’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 earnings per share. On average, equities research analysts anticipate that Woodward, Inc.Common Stock will post 4.6 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 13th were issued a $0.1425 dividend. The ex-dividend date of this dividend was Friday, November 9th. This represents a $0.57 annualized dividend and a dividend yield of 0.73%. This is an increase from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. Woodward, Inc.Common Stock’s dividend payout ratio is currently 14.81%.
A number of research firms recently issued reports on WWD. SunTrust Banks upgraded shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and boosted their target price for the company from $80.00 to $96.00 in a research report on Tuesday, November 20th. Zacks Investment Research reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a research report on Saturday, November 17th. Barrington Research upgraded shares of Woodward, Inc.Common Stock from a “market perform” rating to an “outperform” rating and set a $98.00 target price on the stock in a research report on Friday, November 9th. Wood & Company restated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Thursday, November 8th. Finally, Credit Suisse Group upped their price objective on shares of Woodward, Inc.Common Stock from $78.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, November 8th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $87.13.
Several hedge funds have recently made changes to their positions in WWD. HighPoint Advisor Group LLC bought a new position in Woodward, Inc.Common Stock during the third quarter valued at about $218,000. Associated Banc Corp bought a new position in Woodward, Inc.Common Stock during the third quarter valued at about $279,000. Jane Street Group LLC bought a new position in Woodward, Inc.Common Stock during the second quarter valued at about $283,000. First Hawaiian Bank bought a new position in Woodward, Inc.Common Stock during the third quarter valued at about $287,000. Finally, GAM Holding AG grew its position in Woodward, Inc.Common Stock by 24.0% during the second quarter. GAM Holding AG now owns 3,851 shares of the technology company’s stock valued at $296,000 after buying an additional 746 shares during the period. Institutional investors own 73.70% of the company’s stock.
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Woodward, Inc.Common Stock Company Profile
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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