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 Woodward, Inc.Common Stock stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $82.34, for a total value of $247,020.00. Following the completion of the transaction, the insider now owns 227,390 shares of the company’s stock, valued at approximately $18,723,292.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of NASDAQ WWD opened at $83.68 on Monday. The company has a current ratio of 1.89, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. Woodward, Inc.Common Stock has a fifty-two week low of $68.56 and a fifty-two week high of $89.30. The stock has a market cap of $5.17 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 13th were given a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Friday, November 9th. This is a positive change from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is 14.81%.

WWD has been the subject of several recent research reports. Barrington Research upgraded Woodward, Inc.Common Stock from a “market perform” rating to an “outperform” rating and set a $98.00 price objective for the company in a research note on Friday, November 9th. SunTrust Banks upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $96.00 in a research note on Tuesday, November 20th. BidaskClub upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th. Zacks Investment Research upgraded Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating in a research note on Friday, October 5th. Finally, Wood & Company reiterated a “buy” rating and issued a $99.00 price objective on shares of Woodward, Inc.Common Stock in a research note on Wednesday, September 26th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $87.13.

Several hedge funds and other institutional investors have recently modified their holdings of WWD. Vanguard Group Inc. increased its position in Woodward, Inc.Common Stock by 1.9% during the third quarter. Vanguard Group Inc. now owns 4,965,656 shares of the technology company’s stock worth $401,523,000 after buying an additional 93,193 shares during the period. Morgan Stanley increased its position in Woodward, Inc.Common Stock by 41.8% during the third quarter. Morgan Stanley now owns 284,692 shares of the technology company’s stock worth $23,020,000 after buying an additional 83,893 shares during the period. Nordea Investment Management AB acquired a new position in Woodward, Inc.Common Stock during the third quarter worth approximately $10,960,000. Teachers Advisors LLC increased its position in Woodward, Inc.Common Stock by 2.5% during the third quarter. Teachers Advisors LLC now owns 127,071 shares of the technology company’s stock worth $10,275,000 after buying an additional 3,118 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Woodward, Inc.Common Stock during the third quarter worth approximately $938,000. 73.22% of the stock is currently owned by institutional investors and hedge funds.

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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.

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