Woodward, Inc. (NASDAQ:WWD) COO Sells $1,776,500.00 in Stock

Woodward, Inc. (NASDAQ:WWD) COO Thomas G. Cromwell sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $177.65, for a total value of $1,776,500.00. Following the transaction, the chief operating officer now directly owns 11,511 shares in the company, valued at $2,044,929.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Woodward Stock Down 0.8 %

NASDAQ:WWD traded down $1.41 during trading hours on Tuesday, reaching $175.23. The company’s stock had a trading volume of 384,458 shares, compared to its average volume of 421,256. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96. The company has a market capitalization of $10.45 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. The stock has a 50 day moving average price of $166.07 and a two-hundred day moving average price of $170.45. Woodward, Inc. has a 12 month low of $126.31 and a 12 month high of $188.35.

Woodward Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. Woodward’s dividend payout ratio (DPR) is presently 16.72%.

Wall Street Analyst Weigh In

A number of analysts recently commented on WWD shares. StockNews.com downgraded Woodward from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Truist Financial upgraded Woodward from a “hold” rating to a “buy” rating and boosted their price objective for the company from $152.00 to $187.00 in a report on Wednesday, August 21st. Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and increased their price target for the stock from $170.00 to $190.00 in a research report on Wednesday, July 31st. The Goldman Sachs Group lowered their target price on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $174.67.

Institutional Investors Weigh In On Woodward

Several hedge funds and other institutional investors have recently bought and sold shares of WWD. Wolff Wiese Magana LLC purchased a new stake in shares of Woodward during the third quarter worth about $31,000. AlphaCentric Advisors LLC acquired a new stake in Woodward during the second quarter valued at $37,000. Capital Performance Advisors LLP acquired a new position in shares of Woodward during the third quarter worth approximately $41,000. UMB Bank n.a. grew its holdings in shares of Woodward by 101.6% in the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock worth $42,000 after purchasing an additional 124 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new stake in shares of Woodward during the 2nd quarter worth approximately $69,000. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Woodward Company Profile

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.