Insider Selling: Woodward Inc. (WWD) Insider Sells 7,000 Shares of Stock
Woodward Inc. (NASDAQ:WWD) insider Chad Robert Preiss sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $67.44, for a total transaction of $472,080.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Woodward Inc. (NASDAQ:WWD) traded up 0.64% during midday trading on Monday, hitting $67.70. 356,876 shares of the stock were exchanged. The firm has a 50 day moving average of $60.78 and a 200 day moving average of $59.13. The firm has a market cap of $4.17 billion, a P/E ratio of 23.75 and a beta of 1.08. Woodward Inc. has a 12-month low of $41.24 and a 12-month high of $68.44.
Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Monday, November 14th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.07. The business earned $590.92 million during the quarter, compared to the consensus estimate of $571.55 million. Woodward had a net margin of 8.93% and a return on equity of 16.47%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. Equities analysts forecast that Woodward Inc. will post $3.23 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.44 dividend on an annualized basis and a yield of 0.65%. Woodward’s payout ratio is 15.44%.
A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in Woodward by 28.8% in the second quarter. JPMorgan Chase & Co. now owns 1,983 shares of the company’s stock valued at $114,000 after buying an additional 443 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Woodward by 11.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,000 shares of the company’s stock valued at $125,000 after buying an additional 209 shares in the last quarter. Advisor Group Inc. acquired a new stake in Woodward during the second quarter valued at about $124,000. Panagora Asset Management Inc. increased its stake in Woodward by 2,301.0% in the second quarter. Panagora Asset Management Inc. now owns 2,401 shares of the company’s stock valued at $138,000 after buying an additional 2,301 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Woodward during the second quarter valued at about $160,000. Hedge funds and other institutional investors own 74.03% of the company’s stock.
A number of equities research analysts have issued reports on WWD shares. Zacks Investment Research upgraded shares of Woodward from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Tuesday, September 20th. Jefferies Group restated a “hold” rating and issued a $62.00 price objective (up from $59.00) on shares of Woodward in a report on Friday. Finally, Barrington Research assumed coverage on shares of Woodward in a report on Friday, September 16th. They issued a “market perform” rating on the stock.
Woodward Company Profile
Woodward, Inc is a designer, manufacturer, and service provider of energy controls and optimization solutions. The Company has production and assembly facilities in the United States, Europe and Asia, and promotes its products and services through its worldwide locations. The Company’s is engaged in providing energy control and optimization solutions for the aerospace and energy markets.
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