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 the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $177.65, for a total value of $1,776,500.00. Following the completion of the sale, the chief operating officer now directly owns 11,511 shares of the company’s stock, valued at $2,044,929.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Woodward Price Performance

Woodward stock opened at $175.71 on Thursday. Woodward, Inc. has a 52 week low of $126.31 and a 52 week high of $188.35. The company’s 50 day moving average price is $166.66 and its two-hundred day moving average price is $170.65. The stock has a market cap of $10.48 billion, a P/E ratio of 29.38, a P/E/G ratio of 1.86 and a beta of 1.38. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26.

Woodward Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 annualized dividend and a yield of 0.57%. Woodward’s dividend payout ratio is currently 16.72%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WWD. Glenmede Trust Co. NA boosted its holdings in shares of Woodward by 29.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 26,266 shares of the technology company’s stock worth $4,505,000 after buying an additional 6,050 shares during the last quarter. Alpha Wave Global LP boosted its stake in Woodward by 26.0% in the third quarter. Alpha Wave Global LP now owns 311,253 shares of the technology company’s stock valued at $53,383,000 after acquiring an additional 64,212 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Woodward by 14.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,574 shares of the technology company’s stock valued at $5,244,000 after acquiring an additional 3,932 shares during the period. Brooklyn Investment Group bought a new stake in shares of Woodward in the 3rd quarter worth approximately $69,000. Finally, Bank of Montreal Can lifted its stake in Woodward by 3.2% in the third quarter. Bank of Montreal Can now owns 47,151 shares of the technology company’s stock valued at $8,040,000 after purchasing an additional 1,455 shares during the last quarter. Institutional investors own 81.18% of the company’s stock.

Analyst Upgrades and Downgrades

WWD has been the subject of several recent research reports. The Goldman Sachs Group decreased their price objective on Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and boosted their price target for the company from $152.00 to $187.00 in a research note on Wednesday, August 21st. Jefferies Financial Group upgraded shares of Woodward from a “hold” rating to a “buy” rating and lifted their price objective for the company from $170.00 to $190.00 in a report on Wednesday, July 31st. TD Cowen restated a “hold” rating and issued a $160.00 target price (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. Finally, StockNews.com downgraded Woodward from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $174.67.

About Woodward

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.