Woodward Target of Unusually High Options Trading (NASDAQ:WWD)

Woodward, Inc. (NASDAQ:WWD) was the recipient of unusually large options trading activity on Monday. Traders purchased 6,521 call options on the stock. This is an increase of approximately 8,051% compared to the typical volume of 80 call options.

Shares of WWD stock opened at $114.98 on Wednesday. Woodward has a 52-week low of $74.34 and a 52-week high of $130.75. The stock has a market cap of $7.31 billion, a PE ratio of 34.74, a PEG ratio of 2.71 and a beta of 1.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.98 and a current ratio of 4.24. The firm’s 50 day moving average price is $118.80 and its two-hundred day moving average price is $121.20.

Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Sunday, August 1st. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.23). Woodward had a net margin of 9.79% and a return on equity of 9.86%. The business had revenue of $556.68 million during the quarter, compared to the consensus estimate of $617.21 million. During the same period in the previous year, the business posted $0.48 earnings per share. Woodward’s revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Woodward will post 3.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 30th. Shareholders of record on Monday, August 16th were paid a $0.162 dividend. The ex-dividend date of this dividend was Friday, August 13th. This represents a $0.65 dividend on an annualized basis and a yield of 0.56%. Woodward’s payout ratio is presently 16.41%.

Separately, Credit Suisse Group decreased their price target on shares of Woodward from $151.00 to $138.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 3rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $123.67.

In other news, insider Terence J. Voskuil sold 2,100 shares of the firm’s stock in a transaction that occurred on Thursday, September 2nd. The shares were sold at an average price of $22.04, for a total transaction of $46,284.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas A. Gendron sold 1,389 shares of the firm’s stock in a transaction that occurred on Thursday, July 15th. The stock was sold at an average price of $119.33, for a total transaction of $165,749.37. The disclosure for this sale can be found here. Corporate insiders own 3.81% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Red Door Wealth Management LLC acquired a new stake in Woodward in the second quarter worth $28,000. Strategic Blueprint LLC acquired a new stake in Woodward in the second quarter worth $36,000. Van ECK Associates Corp acquired a new stake in shares of Woodward during the first quarter worth $40,000. FORA Capital LLC acquired a new stake in Woodward in the 1st quarter valued at $63,000. Finally, Maverick Capital Ltd. acquired a new stake in Woodward in the 2nd quarter valued at $89,000. Institutional investors own 79.27% of the company’s stock.

About Woodward

Woodward, Inc engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aerospace and Industrial. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air and combustion and motion control.

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