Woodward, Inc. (NASDAQ:WWD) COO Sells $1,745,000.00 in Stock

Woodward, Inc. (NASDAQ:WWD) COO Thomas G. Cromwell sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $174.50, for a total transaction of $1,745,000.00. Following the completion of the transaction, the chief operating officer now owns 11,511 shares of the company’s stock, valued at $2,008,669.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Woodward Stock Up 0.8 %

Shares of NASDAQ:WWD opened at $178.45 on Friday. The company has a 50 day moving average price of $165.87 and a two-hundred day moving average price of $169.97. The company has a market capitalization of $10.65 billion, a PE ratio of 29.84, a PEG ratio of 1.83 and a beta of 1.38. Woodward, Inc. has a 52 week low of $126.31 and a 52 week high of $188.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96.

Woodward Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date is Thursday, November 21st. Woodward’s payout ratio is presently 16.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WWD shares. TD Cowen restated a “hold” rating and set a $160.00 target price (down previously from $186.00) on shares of Woodward in a research report on Friday, October 4th. Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and upped their target price for the company from $152.00 to $187.00 in a research report on Wednesday, August 21st. Jefferies Financial Group upgraded shares of Woodward from a “hold” rating to a “buy” rating and lifted their price target for the stock from $170.00 to $190.00 in a research report on Wednesday, July 31st. StockNews.com lowered shares of Woodward from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group lowered their target price on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $174.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC acquired a new position in Woodward in the 3rd quarter worth $31,000. AlphaCentric Advisors LLC bought a new position in Woodward in the second quarter valued at $37,000. Capital Performance Advisors LLP bought a new position in Woodward in the third quarter valued at $41,000. UMB Bank n.a. increased its stake in Woodward by 101.6% in the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock valued at $42,000 after buying an additional 124 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Woodward during the 1st quarter worth about $46,000. 81.18% of the stock is owned by institutional investors and hedge funds.

Woodward Company Profile

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The 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.