Insider Selling: Woodward Insider Sells 16,000 Shares of Stock (WWD)
Woodward (NYSE:WWD) Insider Chad Robert Preiss sold 16,000 shares of the stock on the open market in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $43.35, for a total value of $693,600.00. Following the completion of the transaction, the insider now directly owns 7,500 shares of the company’s stock, valued at approximately $325,125. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Woodward (NYSE:WWD) traded up 0.44% on Monday, hitting $43.53. 258,498 shares of the company’s stock traded hands. Woodward has a 1-year low of $33.49 and a 1-year high of $46.69. The stock’s 50-day moving average is $43.66 and its 200-day moving average is $42.01. The company has a market cap of $2.925 billion and a price-to-earnings ratio of 21.12.
Woodward (NYSE:WWD) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.08. The company had revenue of $429.00 million for the quarter, compared to the consensus estimate of $431.76 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that Woodward will post $2.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Investors of record on Monday, February 17th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, February 12th.
A number of analysts have recently weighed in on WWD shares. Analysts at Credit Suisse raised their price target on shares of Woodward from $38.00 to $43.00 in a research note on Tuesday, January 14th. Analysts at Stifel Nicolaus initiated coverage on shares of Woodward in a research note on Wednesday, January 8th. They set a “buy” rating and a $52.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $44.58.
Woodward, Inc is a designer, manufacturer, and service provider of energy controls and optimization solutions.
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