Woodward, Inc.Common Stock (NASDAQ:WWD) CEO Sells $1,020,595.00 in Stock

Woodward, Inc.Common Stock (NASDAQ:WWD) CEO Thomas A. Gendron sold 8,500 shares of Woodward, Inc.Common Stock stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $120.07, for a total transaction of $1,020,595.00. Following the sale, the chief executive officer now owns 234,870 shares of the company’s stock, valued at $28,200,840.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of WWD traded down $0.13 during trading on Monday, reaching $122.07. 4,538 shares of the company traded hands, compared to its average volume of 438,264. The company has a quick ratio of 1.07, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. The stock has a market cap of $7.49 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The stock has a 50-day simple moving average of $111.85 and a 200-day simple moving average of $110.54. Woodward, Inc.Common Stock has a twelve month low of $68.40 and a twelve month high of $122.30.

Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its quarterly earnings data on Monday, November 18th. The technology company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). The business had revenue of $736.54 million during the quarter, compared to analyst estimates of $746.21 million. Woodward, Inc.Common Stock had a net margin of 8.95% and a return on equity of 18.62%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. On average, equities research analysts predict that Woodward, Inc.Common Stock will post 5.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were issued a $0.162 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, November 15th. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is currently 13.32%.

Several hedge funds have recently made changes to their positions in the stock. Invesco Ltd. grew its holdings in shares of Woodward, Inc.Common Stock by 257.5% in the second quarter. Invesco Ltd. now owns 1,034,100 shares of the technology company’s stock valued at $117,020,000 after purchasing an additional 744,802 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Woodward, Inc.Common Stock by 793.2% in the second quarter. JPMorgan Chase & Co. now owns 754,053 shares of the technology company’s stock worth $85,268,000 after acquiring an additional 669,635 shares during the last quarter. AQR Capital Management LLC lifted its stake in Woodward, Inc.Common Stock by 12.6% in the second quarter. AQR Capital Management LLC now owns 700,788 shares of the technology company’s stock worth $78,839,000 after acquiring an additional 78,494 shares during the last quarter. Bank of America Corp DE lifted its stake in Woodward, Inc.Common Stock by 4.6% in the second quarter. Bank of America Corp DE now owns 698,632 shares of the technology company’s stock worth $79,057,000 after acquiring an additional 30,541 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Woodward, Inc.Common Stock by 17.4% in the second quarter. Victory Capital Management Inc. now owns 670,305 shares of the technology company’s stock worth $75,852,000 after acquiring an additional 99,577 shares during the last quarter. Hedge funds and other institutional investors own 73.71% of the company’s stock.

A number of brokerages have weighed in on WWD. BidaskClub upgraded shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. ValuEngine upgraded shares of Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Barrington Research cut shares of Woodward, Inc.Common Stock from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Wood & Company reiterated a “sell” rating on shares of Woodward, Inc.Common Stock in a research report on Monday, August 26th. Finally, Jefferies Financial Group upgraded shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and lifted their price target for the company from $108.00 to $135.00 in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $112.40.

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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Insider Buying and Selling by Quarter for Woodward, Inc.Common Stock (NASDAQ:WWD)

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