Woodward Inc. (WWD) CFO Sells $114,294.60 in Stock
Woodward Inc. (NASDAQ:WWD) CFO Robert F. Weber, Jr. sold 1,692 shares of the company’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $67.55, for a total value of $114,294.60. Following the completion of the transaction, the chief financial officer now directly owns 26,553 shares of the company’s stock, valued at approximately $1,793,655.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Woodward Inc. (NASDAQ:WWD) traded up 0.13% during midday trading on Tuesday, hitting $67.38. The company had a trading volume of 447,357 shares. Woodward Inc. has a 52 week low of $41.24 and a 52 week high of $68.98. The company has a market capitalization of $4.15 billion, a P/E ratio of 23.64 and a beta of 1.08. The firm’s 50 day moving average is $61.75 and its 200 day moving average is $59.81.
Woodward (NASDAQ:WWD) last announced its quarterly earnings results on Monday, November 14th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. The firm had revenue of $590.92 million for the quarter, compared to analysts’ expectations of $571.55 million. Woodward had a net margin of 8.93% and a return on equity of 16.47%. Woodward’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. Equities research analysts anticipate that Woodward Inc. will post $3.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 28th. Shareholders of record on Monday, November 14th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, November 9th. This represents a $0.44 dividend on an annualized basis and a yield of 0.65%. Woodward’s dividend payout ratio (DPR) is 15.44%.
A number of equities research analysts have commented on the company. Jefferies Group reiterated a “hold” rating and issued a $62.00 price target (up previously from $59.00) on shares of Woodward in a research report on Friday, November 18th. Zacks Investment Research lowered Woodward from a “hold” rating to a “sell” rating in a research report on Wednesday, November 16th. Finally, Barrington Research assumed coverage on Woodward in a research report on Friday, September 16th. They issued a “market perform” rating on the stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of Woodward by 2.9% in the first quarter. Geode Capital Management LLC now owns 394,102 shares of the company’s stock worth $20,501,000 after buying an additional 11,282 shares during the period. Barclays PLC boosted its position in shares of Woodward by 16.7% in the first quarter. Barclays PLC now owns 21,763 shares of the company’s stock worth $1,132,000 after buying an additional 3,109 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Woodward by 0.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,631 shares of the company’s stock worth $1,021,000 after buying an additional 98 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Woodward by 25,278.4% in the second quarter. BNP Paribas Arbitrage SA now owns 24,617 shares of the company’s stock worth $1,419,000 after buying an additional 24,520 shares during the period. Finally, GW&K Investment Management LLC boosted its position in shares of Woodward by 12.0% in the second quarter. GW&K Investment Management LLC now owns 66,251 shares of the company’s stock worth $3,819,000 after buying an additional 7,123 shares during the period. 74.10% of the stock is currently owned by hedge funds and other institutional investors.
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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