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

Woodward, Inc.Common Stock (NASDAQ:WWD) insider Thomas A. Gendron sold 3,000 shares of the company’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $82.34, for a total transaction of $247,020.00. Following the sale, the insider now directly owns 227,390 shares of the company’s stock, valued at $18,723,292.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of WWD stock opened at $83.68 on Friday. Woodward, Inc.Common Stock has a 12 month low of $68.56 and a 12 month high of $89.30. The company has a current ratio of 1.89, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 1.53 and a beta of 1.32.

Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its quarterly earnings data on Wednesday, November 7th. The technology company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. Woodward, Inc.Common Stock had a net margin of 7.76% and a return on equity of 16.80%. The firm had revenue of $719.40 million for the quarter, compared to analyst estimates of $689.01 million. During the same quarter in the previous year, the business posted $0.98 EPS. The firm’s revenue was up 18.6% compared to the same quarter last year. Sell-side analysts forecast that Woodward, Inc.Common Stock will post 4.6 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th were issued a $0.1425 dividend. The ex-dividend date of this dividend was Friday, November 9th. This represents a $0.57 dividend on an annualized basis and a yield of 0.68%. This is a positive change from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. Woodward, Inc.Common Stock’s payout ratio is currently 14.81%.

A number of analysts recently weighed in on the stock. Credit Suisse Group upped their price target on shares of Woodward, Inc.Common Stock from $78.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, November 8th. Wood & Company reaffirmed a “hold” rating on shares of Woodward, Inc.Common Stock in a research report on Thursday, November 8th. Barrington Research raised shares of Woodward, Inc.Common Stock from a “market perform” rating to an “outperform” rating and set a $98.00 price target for the company in a research report on Friday, November 9th. Zacks Investment Research reaffirmed a “hold” rating on shares of Woodward, Inc.Common Stock in a research report on Saturday, November 17th. Finally, SunTrust Banks raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and upped their price target for the stock from $80.00 to $96.00 in a research report on Tuesday, November 20th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Woodward, Inc.Common Stock currently has a consensus rating of “Hold” and an average target price of $87.13.

A number of hedge funds have recently modified their holdings of WWD. HighPoint Advisor Group LLC acquired a new stake in shares of Woodward, Inc.Common Stock in the 3rd quarter valued at about $218,000. Associated Banc Corp acquired a new stake in shares of Woodward, Inc.Common Stock in the 3rd quarter valued at about $279,000. Jane Street Group LLC acquired a new stake in shares of Woodward, Inc.Common Stock in the 2nd quarter valued at about $283,000. First Hawaiian Bank acquired a new stake in shares of Woodward, Inc.Common Stock in the 3rd quarter valued at about $287,000. Finally, GAM Holding AG raised its stake in shares of Woodward, Inc.Common Stock by 24.0% in the 2nd quarter. GAM Holding AG now owns 3,851 shares of the technology company’s stock valued at $296,000 after purchasing an additional 746 shares in the last quarter. Hedge funds and other institutional investors own 73.22% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.com-unik.info/2018/12/02/thomas-a-gendron-sells-3000-shares-of-woodward-inc-common-stock-wwd-stock.html.

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: What is a capital gain?

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

Receive News & Ratings for Woodward Inc.Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward Inc.Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit