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

Woodward, Inc. (NASDAQ:WWD) COO Thomas G. Cromwell sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $174.50, for a total value of $1,745,000.00. Following the transaction, the chief operating officer now directly owns 11,511 shares of the company’s stock, valued at $2,008,669.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Woodward Stock Performance

NASDAQ:WWD opened at $178.45 on Friday. The firm has a market capitalization of $10.65 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 1.83 and a beta of 1.38. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. Woodward, Inc. has a 12-month low of $126.31 and a 12-month high of $188.35. The firm has a 50-day moving average price of $165.87 and a 200 day moving average price of $169.97.

Woodward Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. Woodward’s payout ratio is presently 16.72%.

Institutional Trading of Woodward

Several institutional investors have recently bought and sold shares of WWD. Acadian Asset Management LLC increased its holdings in shares of Woodward by 743.5% during the first quarter. Acadian Asset Management LLC now owns 223,639 shares of the technology company’s stock worth $34,452,000 after buying an additional 197,125 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Woodward in the 1st quarter valued at $3,962,000. Ontario Teachers Pension Plan Board acquired a new position in Woodward in the first quarter worth $1,301,000. Quadrature Capital Ltd grew its holdings in shares of Woodward by 16.9% during the first quarter. Quadrature Capital Ltd now owns 26,042 shares of the technology company’s stock worth $4,011,000 after purchasing an additional 3,759 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new stake in shares of Woodward during the first quarter worth $1,911,000. Institutional investors and hedge funds own 81.18% of the company’s stock.

Wall Street Analysts Forecast Growth

WWD has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and upped their price target for the stock from $170.00 to $190.00 in a report on Wednesday, July 31st. The Goldman Sachs Group cut their target price on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research note 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. StockNews.com lowered shares of Woodward from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and increased their target price for the company from $152.00 to $187.00 in a research note on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $174.67.

Woodward Company Profile

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.