Chad Robert Preiss Sells 12,500 Shares of Woodward, Inc.Common Stock (WWD) Stock

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Woodward, Inc.Common Stock (NASDAQ:WWD) insider Chad Robert Preiss sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $109.53, for a total value of $1,369,125.00. Following the transaction, the insider now owns 29,627 shares of the company’s stock, valued at approximately $3,245,045.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Chad Robert Preiss also recently made the following trade(s):

  • On Thursday, May 2nd, Chad Robert Preiss sold 14,000 shares of Woodward, Inc.Common Stock stock. The shares were sold at an average price of $106.79, for a total value of $1,495,060.00.

Shares of Woodward, Inc.Common Stock stock traded down $1.54 during trading on Friday, hitting $109.54. The stock had a trading volume of 8,802 shares, compared to its average volume of 481,818. The company has a quick ratio of 1.10, a current ratio of 1.94 and a debt-to-equity ratio of 0.59. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 1.79 and a beta of 1.50. Woodward, Inc.Common Stock has a fifty-two week low of $68.40 and a fifty-two week high of $114.55.

Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its quarterly earnings data on Monday, April 29th. The technology company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.35. The business had revenue of $758.84 million during the quarter, compared to analyst estimates of $661.88 million. Woodward, Inc.Common Stock had a return on equity of 19.75% and a net margin of 9.21%. The company’s revenue was up 38.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. Analysts anticipate that Woodward, Inc.Common Stock will post 4.74 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a $0.1625 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.65 annualized dividend and a dividend yield of 0.59%. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is 16.88%.

A number of brokerages have issued reports on WWD. Zacks Investment Research lowered Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. BidaskClub lowered Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. William Blair assumed coverage on Woodward, Inc.Common Stock in a research report on Wednesday, April 17th. They set an “outperform” rating for the company. ValuEngine upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Finally, Wood & Company restated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $105.00.

Several institutional investors have recently made changes to their positions in WWD. Private Capital Group LLC raised its position in shares of Woodward, Inc.Common Stock by 437.6% during the fourth quarter. Private Capital Group LLC now owns 500 shares of the technology company’s stock worth $37,000 after purchasing an additional 407 shares during the period. Quadrant Capital Group LLC raised its position in shares of Woodward, Inc.Common Stock by 774.2% during the first quarter. Quadrant Capital Group LLC now owns 542 shares of the technology company’s stock worth $50,000 after purchasing an additional 480 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in shares of Woodward, Inc.Common Stock during the first quarter worth $63,000. Pearl River Capital LLC acquired a new stake in shares of Woodward, Inc.Common Stock during the first quarter worth $66,000. Finally, Fort L.P. acquired a new stake in shares of Woodward, Inc.Common Stock during the first quarter worth $74,000. Institutional investors and hedge funds own 75.44% of the company’s stock.

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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.

Further Reading: Rule of 72

Insider Buying and Selling by Quarter for Woodward, Inc.Common Stock (NASDAQ:WWD)

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