John A. Halbrook Sells 8,700 Shares of Woodward, Inc. (WWD) Stock
Woodward, Inc. (NASDAQ:WWD) Director John A. Halbrook sold 8,700 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $70.02, for a total transaction of $609,174.00. Following the completion of the sale, the director now directly owns 350,521 shares in the company, valued at $24,543,480.42. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Woodward, Inc. (WWD) traded down 3.33% on Thursday, reaching $67.33. 314,529 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $69.15 and its 200 day moving average is $68.81. Woodward, Inc. has a 1-year low of $57.09 and a 1-year high of $72.97. The stock has a market capitalization of $4.13 billion, a P/E ratio of 21.17 and a beta of 1.21.
Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.09. The firm had revenue of $548.62 million for the quarter, compared to analysts’ expectations of $530.89 million. Woodward had a return on equity of 16.12% and a net margin of 9.67%. Woodward’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. Analysts expect that Woodward, Inc. will post $3.10 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.50 dividend on an annualized basis and a yield of 0.72%. Woodward’s dividend payout ratio is currently 15.77%.
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WWD has been the topic of a number of research reports. Cowen and Company reissued a “market perform” rating and issued a $62.00 price objective (up from $58.00) on shares of Woodward in a research note on Friday, April 21st. Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. BidaskClub cut shares of Woodward from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. CL King initiated coverage on shares of Woodward in a research note on Thursday, June 22nd. They issued a “buy” rating and a $79.00 price objective on the stock. Finally, Wood & Company initiated coverage on shares of Woodward in a research note on Thursday, July 13th. They issued an “outperform” rating and a $82.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $73.89.
A number of institutional investors have recently modified their holdings of WWD. Dynamic Technology Lab Private Ltd bought a new position in shares of Woodward during the second quarter worth $638,000. Adalta Capital Management LLC boosted its position in shares of Woodward by 8.6% in the second quarter. Adalta Capital Management LLC now owns 75,595 shares of the technology company’s stock worth $5,109,000 after buying an additional 6,000 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Woodward by 5.8% in the second quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock worth $211,000 after buying an additional 171 shares in the last quarter. Koch Industries Inc. bought a new position in shares of Woodward during the second quarter worth $354,000. Finally, Verition Fund Management LLC bought a new position in shares of Woodward during the second quarter worth $510,000. 69.44% of the stock is currently owned by hedge funds and other institutional investors.
Woodward Company Profile
Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
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