Randall Hobbs Sells 500 Shares of Woodward, Inc. (NASDAQ:WWD) Stock

Woodward, Inc. (NASDAQ:WWD) EVP Randall Hobbs sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $230.00, for a total value of $115,000.00. Following the transaction, the executive vice president now directly owns 50,268 shares in the company, valued at $11,561,640. This trade represents a 0.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Woodward Stock Up 0.5%

WWD stock opened at $234.61 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $13.93 billion, a PE ratio of 39.30, a PEG ratio of 2.37 and a beta of 1.24. Woodward, Inc. has a 1-year low of $145.98 and a 1-year high of $236.87. The business’s 50 day simple moving average is $192.57 and its 200 day simple moving average is $185.60.

Woodward (NASDAQ:WWD) last posted its earnings results on Monday, April 28th. The technology company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.25. The business had revenue of $883.63 million for the quarter, compared to analyst estimates of $838.61 million. Woodward had a return on equity of 16.76% and a net margin of 11.18%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 EPS. As a group, research analysts anticipate that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Thursday, May 22nd. Woodward’s payout ratio is presently 18.09%.

Analyst Upgrades and Downgrades

WWD has been the topic of several recent analyst reports. UBS Group boosted their price target on Woodward from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $245.00 price target (up previously from $225.00) on shares of Woodward in a research report on Friday, May 23rd. Truist Financial set a $232.00 price target on Woodward in a research report on Friday, May 23rd. Deutsche Bank Aktiengesellschaft raised Woodward from a “hold” rating to a “buy” rating and set a $291.00 price target on the stock in a research report on Tuesday, June 3rd. Finally, Wall Street Zen raised Woodward from a “hold” rating to a “buy” rating in a research report on Tuesday, April 29th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $217.75.

Institutional Trading of Woodward

Institutional investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its stake in Woodward by 191.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 166 shares of the technology company’s stock valued at $30,000 after purchasing an additional 109 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Woodward by 2,314.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the technology company’s stock valued at $31,000 after purchasing an additional 162 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Woodward by 189.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company’s stock valued at $31,000 after purchasing an additional 112 shares during the period. TCTC Holdings LLC boosted its stake in Woodward by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 182 shares of the technology company’s stock valued at $33,000 after purchasing an additional 98 shares during the period. Finally, NBT Bank N A NY bought a new stake in Woodward in the 4th quarter valued at $34,000. 81.18% of the stock is currently owned by institutional investors.

About Woodward

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides 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, servocontrols, motors, and sensors for aircraft.