Mary L. Petrovich Sells 5,700 Shares of Woodward, Inc. (WWD) Stock
Woodward, Inc. (NASDAQ:WWD) Director Mary L. Petrovich sold 5,700 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $79.69, for a total value of $454,233.00. Following the sale, the director now directly owns 27,904 shares of the company’s stock, valued at $2,223,669.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Woodward, Inc. (NASDAQ:WWD) opened at $77.15 on Thursday. Woodward, Inc. has a 12 month low of $65.22 and a 12 month high of $82.94. The company has a quick ratio of 1.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $4,795.58, a P/E ratio of 24.78, a P/E/G ratio of 1.92 and a beta of 1.24.
Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. Woodward had a return on equity of 15.55% and a net margin of 9.55%. The business had revenue of $606.79 million for the quarter, compared to the consensus estimate of $596.99 million. During the same quarter in the prior year, the business earned $0.99 earnings per share. Woodward’s revenue for the quarter was up 2.7% on a year-over-year basis. equities analysts expect that Woodward, Inc. will post 3.4 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.50 annualized dividend and a yield of 0.65%. Woodward’s payout ratio is 15.82%.
WWD has been the subject of several recent analyst reports. BidaskClub raised Woodward from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Wood & Company lowered Woodward from an “outperform” rating to a “market perform” rating in a report on Thursday, October 26th. Zacks Investment Research lowered Woodward from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating and issued a $82.00 target price on shares of Woodward in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $75.75.
A number of institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. lifted its position in shares of Woodward by 9.8% during the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock worth $112,000 after acquiring an additional 147 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Woodward by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock worth $148,000 after acquiring an additional 190 shares in the last quarter. Wesbanco Bank Inc. purchased a new stake in shares of Woodward during the third quarter worth $203,000. Public Employees Retirement System of Ohio lifted its position in shares of Woodward by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock worth $211,000 after acquiring an additional 171 shares in the last quarter. Finally, Diversified Trust Co purchased a new stake in shares of Woodward during the second quarter worth $213,000. Institutional investors and hedge funds own 70.68% of the company’s stock.
Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
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