Woodward, Inc. (NASDAQ:WWD) COO Thomas G. Cromwell Sells 10,000 Shares

Woodward, Inc. (NASDAQ:WWD) COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $174.50, for a total value of $1,745,000.00. Following the completion of the sale, the chief operating officer now directly owns 11,511 shares in the company, valued at $2,008,669.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Woodward Stock Performance

NASDAQ WWD opened at $178.45 on Monday. The stock has a fifty day simple moving average of $165.87 and a 200-day simple moving average of $170.26. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. The stock has a market cap of $10.65 billion, a PE ratio of 29.84, a P/E/G ratio of 1.90 and a beta of 1.38. Woodward, Inc. has a twelve month low of $126.31 and a twelve month high of $188.35.

Woodward Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, November 21st. Woodward’s dividend payout ratio is presently 16.72%.

Hedge Funds Weigh In On Woodward

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Woodward by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 5,835,915 shares of the technology company’s stock valued at $899,431,000 after purchasing an additional 77,654 shares during the last quarter. Earnest Partners LLC boosted its position in shares of Woodward by 2.6% during the second quarter. Earnest Partners LLC now owns 1,380,384 shares of the technology company’s stock worth $240,711,000 after buying an additional 34,946 shares during the period. Sei Investments Co. grew its stake in shares of Woodward by 13.3% in the second quarter. Sei Investments Co. now owns 634,698 shares of the technology company’s stock valued at $110,679,000 after buying an additional 74,734 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Woodward by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 541,496 shares of the technology company’s stock valued at $94,426,000 after buying an additional 16,083 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Woodward by 94.2% in the 2nd quarter. Acadian Asset Management LLC now owns 434,385 shares of the technology company’s stock valued at $75,735,000 after buying an additional 210,746 shares during the period. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WWD shares. Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and lifted their target price for the stock from $152.00 to $187.00 in a research note on Wednesday, August 21st. StockNews.com lowered shares of Woodward from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. The Goldman Sachs Group cut their price objective on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. Finally, TD Cowen reissued a “hold” rating and set a $160.00 price objective (down previously from $186.00) on shares of Woodward in a research note on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $174.67.

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.