John D. Cohn Sells 2,400 Shares of Woodward, Inc. (NASDAQ:WWD) Stock

Woodward, Inc. (NASDAQ:WWD) Director John D. Cohn sold 2,400 shares of Woodward stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $179.57, for a total transaction of $430,968.00. Following the sale, the director now owns 20,963 shares in the company, valued at $3,764,325.91. This represents a 10.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Woodward Stock Performance

NASDAQ WWD traded down $2.14 on Thursday, hitting $181.70. The stock had a trading volume of 131,288 shares, compared to its average volume of 433,540. The company’s 50-day moving average is $170.05 and its two-hundred day moving average is $171.08. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 1.91 and a beta of 1.38. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 0.26. Woodward, Inc. has a one year low of $131.12 and a one year high of $201.64.

Woodward (NASDAQ:WWD) last posted its earnings results on Monday, November 25th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.22 by $0.19. The firm had revenue of $855.00 million for the quarter, compared to analysts’ expectations of $810.39 million. Woodward had a return on equity of 17.13% and a net margin of 11.22%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $1.33 EPS. On average, analysts expect that Woodward, Inc. will post 5.98 earnings per share for the current year.

Woodward Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 0.55%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s dividend payout ratio is currently 16.64%.

Institutional Investors Weigh In On Woodward

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its holdings in Woodward by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,758 shares of the technology company’s stock worth $302,000 after buying an additional 59 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Woodward by 2.4% during the second quarter. Park Avenue Securities LLC now owns 3,277 shares of the technology company’s stock valued at $571,000 after purchasing an additional 76 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Woodward by 3.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,268 shares of the technology company’s stock valued at $570,000 after purchasing an additional 95 shares during the period. Commerce Bank increased its stake in Woodward by 2.1% in the 3rd quarter. Commerce Bank now owns 4,624 shares of the technology company’s stock worth $793,000 after purchasing an additional 95 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in Woodward by 0.4% during the 3rd quarter. M&T Bank Corp now owns 28,734 shares of the technology company’s stock worth $4,928,000 after buying an additional 108 shares during the period. Institutional investors own 81.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial reiterated a “buy” rating and issued a $226.00 price objective (up previously from $187.00) on shares of Woodward in a report on Tuesday, November 26th. TD Cowen reaffirmed a “hold” rating and issued a $160.00 target price (down from $186.00) on shares of Woodward in a research report on Friday, October 4th. UBS Group raised their price target on shares of Woodward from $209.00 to $228.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft boosted their target price 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. Finally, StockNews.com upgraded Woodward from a “hold” rating to a “buy” rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.44.

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.