Woodward, Inc. (NASDAQ:WWD) COO Thomas G. Cromwell Sells 7,913 Shares

Woodward, Inc. (NASDAQ:WWD) COO Thomas G. Cromwell sold 7,913 shares of Woodward stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $175.13, for a total transaction of $1,385,803.69. Following the sale, the chief operating officer now directly owns 11,511 shares of the company’s stock, valued at $2,015,921.43. The trade was a 40.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Woodward Stock Down 1.9 %

WWD stock opened at $169.55 on Friday. The stock has a fifty day moving average of $167.09 and a 200-day moving average of $170.86. Woodward, Inc. has a fifty-two week low of $126.31 and a fifty-two week high of $188.35. The company has a market capitalization of $10.12 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.84 and a beta of 1.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96.

Woodward Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. Woodward’s dividend payout ratio (DPR) is 16.72%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WWD. TD Cowen reissued a “hold” rating and set a $160.00 target price (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Jefferies Financial Group raised shares of Woodward from a “hold” rating to a “buy” rating and raised their target price for the stock from $170.00 to $190.00 in a report on Wednesday, July 31st. The Goldman Sachs Group cut their price target on Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Truist Financial upgraded Woodward from a “hold” rating to a “buy” rating and raised their price objective for the stock from $152.00 to $187.00 in a research note on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $174.67.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC bought a new position in shares of Woodward in the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC purchased a new position in Woodward during the third quarter worth about $31,000. AlphaCentric Advisors LLC bought a new position in Woodward in the 2nd quarter worth about $37,000. Capital Performance Advisors LLP bought a new stake in shares of Woodward during the 3rd quarter valued at about $41,000. Finally, UMB Bank n.a. grew its holdings in shares of Woodward by 101.6% during the third quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock worth $42,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

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.