Woodward Inc. (WWD) CFO Robert F. Weber, Jr. Sells 17,308 Shares of Stock
Woodward Inc. (NASDAQ:WWD) CFO Robert F. Weber, Jr. sold 17,308 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $66.79, for a total value of $1,156,001.32. Following the completion of the sale, the chief financial officer now directly owns 45,553 shares of the company’s stock, valued at $3,042,484.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Woodward Inc. (NASDAQ:WWD) opened at 67.70 on Tuesday. The stock has a market cap of $4.17 billion, a PE ratio of 23.75 and a beta of 1.08. The stock’s 50 day moving average price is $61.09 and its 200 day moving average price is $59.41. Woodward Inc. has a 1-year low of $41.24 and a 1-year high of $68.44.
Woodward (NASDAQ:WWD) last announced its earnings results on Monday, November 14th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.92 by $0.07. The business had revenue of $590.92 million for the quarter, compared to the consensus estimate of $571.55 million. Woodward had a return on equity of 16.47% and a net margin of 8.93%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.77 EPS. On average, equities research analysts anticipate 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 dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.44 annualized dividend and a dividend yield of 0.65%. Woodward’s payout ratio is currently 15.44%.
Several large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of 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 during the last quarter. Advisor Group Inc. acquired a new stake in Woodward during the second quarter valued at about $124,000. 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. 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. Institutional investors and hedge funds own 74.03% of the company’s stock.
WWD has been the subject of several research analyst reports. Zacks Investment Research raised Woodward from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Tuesday, September 20th. Jefferies Group reissued 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 initiated coverage on Woodward in a report on Friday, September 16th. They issued a “market perform” rating for the company.
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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