Insider Selling: Woodward, Inc.Common Stock (WWD) CEO Sells 8,500 Shares of Stock

Woodward, Inc.Common Stock (NASDAQ:WWD) CEO Thomas A. Gendron sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $94.55, for a total value of $803,675.00. Following the transaction, the chief executive officer now owns 231,400 shares of the company’s stock, valued at approximately $21,878,870. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

WWD stock traded down $1.21 during trading on Thursday, reaching $95.92. 280,922 shares of the company’s stock were exchanged, compared to its average volume of 398,041. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.05 and a current ratio of 1.96. Woodward, Inc.Common Stock has a 1-year low of $68.40 and a 1-year high of $97.39. The firm has a market capitalization of $5.92 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 1.60 and a beta of 1.43.

Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its quarterly earnings results on Monday, January 28th. The technology company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.22. Woodward, Inc.Common Stock had a return on equity of 18.03% and a net margin of 8.42%. The company had revenue of $652.80 million during the quarter, compared to analyst estimates of $583.12 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 38.9% on a year-over-year basis. Equities research analysts predict that Woodward, Inc.Common Stock will post 4.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 19th will be given a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, February 15th. This is a positive change from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. Woodward, Inc.Common Stock’s payout ratio is 16.88%.

A number of research analysts recently issued reports on WWD shares. Barrington Research upgraded Woodward, Inc.Common Stock from a “market perform” rating to an “outperform” rating and set a $98.00 price objective for the company in a research report on Friday, November 9th. Credit Suisse Group boosted their price objective on Woodward, Inc.Common Stock from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Monday, December 10th. SunTrust Banks upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $96.00 in a research report on Tuesday, November 20th. BidaskClub upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research report on Wednesday, November 7th. Finally, Wood & Company restated a “hold” rating on shares of Woodward, Inc.Common Stock in a research report on Thursday, November 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Woodward, Inc.Common Stock has a consensus rating of “Hold” and an average price target of $89.57.

A number of hedge funds have recently made changes to their positions in WWD. Riverhead Capital Management LLC lifted its holdings in shares of Woodward, Inc.Common Stock by 15.0% in the third quarter. Riverhead Capital Management LLC now owns 8,439 shares of the technology company’s stock valued at $682,000 after buying an additional 1,100 shares during the period. Morgan Stanley lifted its holdings in shares of Woodward, Inc.Common Stock by 41.8% in the third quarter. Morgan Stanley now owns 284,692 shares of the technology company’s stock valued at $23,020,000 after buying an additional 83,893 shares during the period. Eaton Vance Management acquired a new stake in shares of Woodward, Inc.Common Stock in the third quarter valued at $10,912,000. MetLife Investment Advisors LLC lifted its holdings in shares of Woodward, Inc.Common Stock by 18.4% in the third quarter. MetLife Investment Advisors LLC now owns 70,046 shares of the technology company’s stock valued at $5,664,000 after buying an additional 10,896 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Woodward, Inc.Common Stock by 8.8% in the third quarter. US Bancorp DE now owns 22,276 shares of the technology company’s stock valued at $1,801,000 after buying an additional 1,808 shares during the period. Institutional investors own 73.43% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Insider Selling: Woodward, Inc.Common Stock (WWD) CEO Sells 8,500 Shares of Stock” was originally posted by WKRB News and is owned by of WKRB News. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.wkrb13.com/2019/02/22/insider-selling-woodward-inc-common-stock-wwd-ceo-sells-8500-shares-of-stock.html.

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.

Featured Story: What does relative strength index mean?

Insider Buying and Selling by Quarter for Woodward, Inc.Common Stock (NASDAQ:WWD)

Receive News & Ratings for Woodward Inc.Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward Inc.Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.