Thomas G. Cromwell Sells 10,000 Shares of Woodward, Inc. (NASDAQ:WWD) Stock

Woodward, Inc. (NASDAQ:WWD) COO Thomas G. Cromwell sold 10,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $177.65, for a total value of $1,776,500.00. Following the completion of 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 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 on Tuesday, reaching $175.23. The stock had a trading volume of 384,458 shares, compared to its average volume of 421,256. The company has a market capitalization of $10.45 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 1.90 and a beta of 1.38. The business has a 50 day moving average price of $166.07 and a 200 day moving average price of $170.45. 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, Inc. has a 1 year low of $126.31 and a 1 year high of $188.35.

Woodward Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and increased their target price for the stock from $170.00 to $190.00 in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. Truist Financial upgraded Woodward from a “hold” rating to a “buy” rating and raised their price target for the company from $152.00 to $187.00 in a report on Wednesday, August 21st. TD Cowen reissued a “hold” rating and set a $160.00 price target (down from $186.00) on shares of Woodward in a research report on Friday, October 4th. Finally, The Goldman Sachs Group dropped their target price on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $174.67.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its stake in shares of Woodward by 94.2% in the second quarter. Acadian Asset Management LLC now owns 434,385 shares of the technology company’s stock valued at $75,735,000 after buying an additional 210,746 shares in the last quarter. Earnest Partners LLC increased its stake in shares of Woodward by 12.3% in the 1st quarter. Earnest Partners LLC now owns 1,345,438 shares of the technology company’s stock worth $207,359,000 after purchasing an additional 147,856 shares in the last quarter. Vanguard Group Inc. lifted its position in Woodward by 1.3% during the first quarter. Vanguard Group Inc. now owns 5,835,915 shares of the technology company’s stock valued at $899,431,000 after purchasing an additional 77,654 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Woodward by 17,072.3% during the 3rd quarter. International Assets Investment Management LLC now owns 76,760 shares of the technology company’s stock worth $13,165,000 after buying an additional 76,313 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Woodward by 13.3% in the 2nd quarter. Sei Investments Co. now owns 634,698 shares of the technology company’s stock worth $110,679,000 after acquiring an additional 74,734 shares during the last quarter. 81.18% of the stock is 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.