Randall Hobbs Sells 500 Shares of Woodward, Inc. (NASDAQ:WWD) Stock

Woodward, Inc. (NASDAQ:WWD) EVP Randall Hobbs sold 500 shares of the firm’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $240.00, for a total transaction of $120,000.00. Following the completion of the sale, the executive vice president now owns 49,827 shares of the company’s stock, valued at $11,958,480. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Randall Hobbs also recently made the following trade(s):

• On Tuesday, June 3rd, Randall Hobbs sold 500 shares of Woodward stock. The stock was sold at an average price of $230.00, for a total transaction of $115,000.00.

Woodward Stock Down 0.5%

Shares of NASDAQ WWD opened at $237.89 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.95 and a quick ratio of 1.30. The company has a 50-day moving average price of $205.98 and a 200-day moving average price of $189.45. Woodward, Inc. has a 1 year low of $145.98 and a 1 year high of $241.70. The stock has a market capitalization of $14.12 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.79 and a beta of 1.24.

Woodward (NASDAQ:WWD) last released its quarterly earnings results on Monday, April 28th. The technology company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.25. Woodward had a net margin of 11.36% and a return on equity of 16.86%. The company had revenue of $883.63 million for the quarter, compared to analyst estimates of $838.61 million. During the same period last year, the firm earned $1.62 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. On average, equities research analysts forecast that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Thursday, May 22nd. Woodward’s payout ratio is currently 18.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WWD shares. Truist Financial set a $267.00 price target on shares of Woodward and gave the stock a “buy” rating in a report on Thursday, June 12th. Wall Street Zen upgraded shares of Woodward from a “hold” rating to a “buy” rating in a report on Tuesday, April 29th. Wells Fargo & Company lifted their price objective on shares of Woodward from $175.00 to $193.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Woodward from a “hold” rating to a “buy” rating and set a $291.00 price objective for the company in a report on Tuesday, June 3rd. Finally, UBS Group lifted their price objective on shares of Woodward from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $222.13.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WWD. Sanctuary Advisors LLC lifted its position in shares of Woodward by 3.9% during the fourth quarter. Sanctuary Advisors LLC now owns 10,286 shares of the technology company’s stock valued at $1,712,000 after purchasing an additional 389 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Woodward by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,850 shares of the technology company’s stock valued at $308,000 after purchasing an additional 92 shares in the last quarter. Truist Financial Corp lifted its position in shares of Woodward by 262.1% during the fourth quarter. Truist Financial Corp now owns 7,018 shares of the technology company’s stock valued at $1,168,000 after purchasing an additional 5,080 shares in the last quarter. Venturi Wealth Management LLC raised its position in Woodward by 70.2% in the fourth quarter. Venturi Wealth Management LLC now owns 417 shares of the technology company’s stock worth $69,000 after acquiring an additional 172 shares during the period. Finally, Atria Wealth Solutions Inc. bought a new stake in Woodward in the fourth quarter worth about $465,000. 81.18% of the stock is owned by institutional investors.

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.