Thomas A. Gendron Sells 4,500 Shares of Woodward, Inc.Common Stock (WWD) Stock

Woodward, Inc.Common Stock (NASDAQ:WWD) insider Thomas A. Gendron sold 4,500 shares of the business’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $82.51, for a total transaction of $371,295.00. Following the completion of the sale, the insider now directly owns 229,890 shares in the company, valued at approximately $18,968,223.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

WWD traded down $1.28 during trading on Thursday, reaching $77.29. 259,363 shares of the stock traded hands, compared to its average volume of 347,316. The company has a current ratio of 1.89, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $4.85 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 1.45 and a beta of 1.33. Woodward, Inc.Common Stock has a 12 month low of $68.56 and a 12 month high of $89.30.

Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its quarterly earnings results on Wednesday, November 7th. The technology company reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.08. The business had revenue of $719.40 million for the quarter, compared to analysts’ expectations of $689.01 million. Woodward, Inc.Common Stock had a net margin of 7.76% and a return on equity of 16.80%. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. As a group, research analysts predict that Woodward, Inc.Common Stock will post 4.6 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th were given a dividend of $0.1425 per share. The ex-dividend date of this dividend was Friday, November 9th. This represents a $0.57 dividend on an annualized basis and a yield of 0.74%. This is a boost from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. Woodward, Inc.Common Stock’s dividend payout ratio is 14.81%.

Institutional investors and hedge funds have recently modified their holdings of the business. HighPoint Advisor Group LLC bought a new stake in Woodward, Inc.Common Stock during the third quarter valued at $218,000. Associated Banc Corp acquired a new position in shares of Woodward, Inc.Common Stock during the third quarter valued at about $279,000. First Hawaiian Bank acquired a new position in shares of Woodward, Inc.Common Stock during the third quarter valued at about $287,000. Jane Street Group LLC acquired a new position in shares of Woodward, Inc.Common Stock during the second quarter valued at about $283,000. Finally, Zions Bancorporation acquired a new position in shares of Woodward, Inc.Common Stock during the third quarter valued at about $304,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

WWD has been the topic of several analyst reports. SunTrust Banks raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $96.00 in a research note on Tuesday, November 20th. Wood & Company reissued a “buy” rating and issued a $99.00 price objective on shares of Woodward, Inc.Common Stock in a research note on Wednesday, September 26th. BidaskClub raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th. Barrington Research reissued a “hold” rating on shares of Woodward, Inc.Common Stock in a research note on Tuesday, October 30th. Finally, Zacks Investment Research raised shares of Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating in a research note on Friday, October 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $87.13.

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About Woodward, Inc.Common Stock

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers 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, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.

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