Woodward, Inc.Common Stock (NASDAQ:WWD) Vice Chairman Robert F. Weber, Jr. sold 10,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $106.45, for a total transaction of $1,064,500.00. Following the completion of the sale, the insider now owns 36,553 shares of the company’s stock, valued at approximately $3,891,066.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
NASDAQ:WWD opened at $105.47 on Thursday. Woodward, Inc.Common Stock has a one year low of $68.40 and a one year high of $119.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.02. The firm has a market cap of $6.58 billion, a P/E ratio of 27.39, a P/E/G ratio of 1.68 and a beta of 1.34. The firm has a 50-day simple moving average of $112.03 and a 200-day simple moving average of $104.68.
Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its quarterly earnings results on Monday, August 5th. The technology company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.17 by $0.13. The business had revenue of $752.01 million during the quarter, compared to analyst estimates of $699.59 million. Woodward, Inc.Common Stock had a net margin of 9.27% and a return on equity of 19.79%. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 EPS. On average, research analysts predict that Woodward, Inc.Common Stock will post 4.91 EPS for the current fiscal year.
Several equities research analysts have recently commented on WWD shares. Wood & Company restated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Tuesday, May 7th. BidaskClub lowered shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. ValuEngine lowered shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. SunTrust Banks restated a “hold” rating and issued a $110.00 price target (down previously from $118.00) on shares of Woodward, Inc.Common Stock in a report on Friday, June 14th. Finally, Zacks Investment Research upgraded shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Woodward, Inc.Common Stock presently has an average rating of “Hold” and an average price target of $103.40.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System raised its stake in shares of Woodward, Inc.Common Stock by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 40,574 shares of the technology company’s stock worth $4,591,000 after acquiring an additional 453 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in Woodward, Inc.Common Stock during the 1st quarter worth approximately $275,000. FIL Ltd grew its position in Woodward, Inc.Common Stock by 202.3% during the 1st quarter. FIL Ltd now owns 298,388 shares of the technology company’s stock worth $28,314,000 after purchasing an additional 199,667 shares during the last quarter. State of Wisconsin Investment Board grew its position in Woodward, Inc.Common Stock by 12.8% during the 1st quarter. State of Wisconsin Investment Board now owns 174,850 shares of the technology company’s stock worth $16,592,000 after purchasing an additional 19,850 shares during the last quarter. Finally, Pier Capital LLC purchased a new stake in Woodward, Inc.Common Stock during the 1st quarter worth approximately $7,138,000. Hedge funds and other institutional investors own 73.35% of the company’s stock.
About Woodward, Inc.Common Stock
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers 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, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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