Woodward, Inc.Common Stock (WWD) Insider Thomas A. Gendron Sells 3,000 Shares

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Woodward, Inc.Common Stock (NASDAQ:WWD) insider Thomas A. Gendron sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $80.71, for a total value of $242,130.00. Following the completion of the sale, the insider now owns 227,390 shares in the company, valued at approximately $18,352,646.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of NASDAQ:WWD traded up $0.29 during trading on Friday, hitting $81.86. 268,839 shares of the company were exchanged, compared to its average volume of 275,840. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 1.48 and a beta of 1.32. Woodward, Inc.Common Stock has a fifty-two week low of $68.56 and a fifty-two week high of $89.30. The company has a quick ratio of 0.96, a current ratio of 1.89 and a debt-to-equity ratio of 0.71.

Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its quarterly earnings results on Wednesday, November 7th. The technology company reported $1.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.08. The firm had revenue of $719.40 million for the quarter, compared to analyst estimates of $689.01 million. Woodward, Inc.Common Stock had a return on equity of 16.80% and a net margin of 7.76%. The business’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 EPS. As a group, analysts anticipate that Woodward, Inc.Common Stock will post 4.59 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th will be given a dividend of $0.1425 per share. This is a positive change from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, November 9th. This represents a $0.57 annualized dividend and a dividend yield of 0.70%. Woodward, Inc.Common Stock’s payout ratio is 14.81%.

Several research firms have commented on WWD. BidaskClub cut Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 4th. Wood & Company reaffirmed a “hold” rating on shares of Woodward, Inc.Common Stock in a research report on Monday, July 30th. Zacks Investment Research raised Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating and set a $91.00 price target on the stock in a research report on Monday, July 23rd. Barrington Research reaffirmed a “hold” rating on shares of Woodward, Inc.Common Stock in a research report on Wednesday, August 1st. Finally, ValuEngine lowered Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Woodward, Inc.Common Stock has an average rating of “Hold” and a consensus target price of $85.86.

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of Woodward, Inc.Common Stock by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 241,831 shares of the technology company’s stock worth $17,329,000 after acquiring an additional 5,609 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Woodward, Inc.Common Stock by 23.5% during the 2nd quarter. Bank of Montreal Can now owns 15,225 shares of the technology company’s stock worth $1,170,000 after acquiring an additional 2,899 shares during the last quarter. Pendal Group Ltd increased its holdings in shares of Woodward, Inc.Common Stock by 3.9% during the 2nd quarter. Pendal Group Ltd now owns 25,163 shares of the technology company’s stock worth $1,934,000 after acquiring an additional 941 shares during the last quarter. Oakbrook Investments LLC acquired a new position in shares of Woodward, Inc.Common Stock during the 2nd quarter worth approximately $323,000. Finally, Amalgamated Bank increased its holdings in shares of Woodward, Inc.Common Stock by 14.0% during the 2nd quarter. Amalgamated Bank now owns 8,762 shares of the technology company’s stock worth $673,000 after acquiring an additional 1,073 shares during the last quarter. 73.66% of the stock is currently owned by hedge funds and other institutional investors.

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About Woodward, Inc.Common Stock

Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its 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 that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.

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