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 stock in a transaction on Monday, November 11th. The stock was sold at an average price of $177.65, for a total transaction of $1,776,500.00. Following the sale, the chief operating officer now owns 11,511 shares of the company’s stock, valued at approximately $2,044,929.15. This trade represents a 46.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Woodward Stock Down 1.6 %

Woodward stock opened at $172.89 on Friday. Woodward, Inc. has a 1-year low of $126.31 and a 1-year high of $188.35. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 1.86 and a beta of 1.38. The firm’s fifty day moving average price is $166.88 and its two-hundred day moving average price is $170.67. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26.

Woodward Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Thursday, November 21st. Woodward’s dividend payout ratio (DPR) is 16.72%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WWD. TD Cowen reiterated a “hold” rating and set a $160.00 price objective (down from $186.00) on shares of Woodward in a research report on Friday, October 4th. StockNews.com raised shares of Woodward from a “hold” rating to a “buy” rating in a research note on Thursday. Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and increased their target price for the stock from $152.00 to $187.00 in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group cut their target price on shares of Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Woodward presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. lifted its position in shares of Woodward by 3.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,173 shares of the technology company’s stock valued at $489,000 after purchasing an additional 97 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Woodward by 290.9% during the first quarter. SG Americas Securities LLC now owns 7,946 shares of the technology company’s stock valued at $1,225,000 after purchasing an additional 5,913 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Woodward by 222.7% during the first quarter. Russell Investments Group Ltd. now owns 23,990 shares of the technology company’s stock worth $3,716,000 after buying an additional 16,557 shares during the last quarter. US Bancorp DE increased its holdings in Woodward by 6.7% during the first quarter. US Bancorp DE now owns 28,741 shares of the technology company’s stock worth $4,430,000 after buying an additional 1,793 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Woodward in the first quarter worth about $944,000. 81.18% of the stock is owned by institutional investors.

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.