Woodward Inc (NASDAQ:WWD) Director Ronald M. Sega purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 26th. The stock was bought at an average price of $46.03 per share, for a total transaction of $46,030.00. Following the transaction, the director now directly owns 4,800 shares of the company’s stock, valued at approximately $220,944. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 7th. Stockholders of record on Monday, February 22nd will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, February 18th. This is an increase from Woodward’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.97%.

Several analysts recently weighed in on the company. Cowen and Company reduced their price objective on Woodward from $48.00 to $45.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 10th. Jefferies Group reduced their price objective on Woodward from $53.00 to $49.00 and set a “hold” rating on the stock in a research note on Wednesday, January 20th. Maxim Group reduced their price objective on Woodward from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, November 11th. Finally, Zacks Investment Research raised Woodward from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Friday, October 2nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $53.20.

Several hedge funds and institutional investors have recently modified their holdings of WWD. Eagle Asset Management boosted its position in shares of Woodward by 58.5% in the third quarter. Eagle Asset Management now owns 1,804,984 shares of the company’s stock worth $73,462,000 after buying an additional 665,860 shares in the last quarter. Quantitative Systematic Strategies purchased a new position in shares of Woodward during the fourth quarter worth approximately $304,000. Fox Run Management purchased a new position in shares of Woodward during the fourth quarter worth approximately $268,000. Finally, Fortaleza Asset Management Inc. purchased a new position in shares of Woodward during the fourth quarter worth approximately $289,000.

Shares of Woodward Inc (NASDAQ:WWD) traded down 1.84% during mid-day trading on Wednesday, hitting $45.45. The stock had a trading volume of 460,913 shares. The stock has a market cap of $2.87 billion and a P/E ratio of 18.22. Woodward Inc has a 12 month low of $39.68 and a 12 month high of $56.55. The firm has a 50 day moving average price of $47.94 and a 200-day moving average price of $46.78.

Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Tuesday, January 19th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The firm had revenue of $445 million for the quarter. During the same quarter in the previous year, the company earned $0.66 earnings per share. Woodward’s revenue was down 8.7% on a year-over-year basis. On average, equities research analysts forecast that Woodward Inc will post $2.81 EPS for the current year.

Woodward, Inc. is a designer, manufacturer, and service provider of energy controls and optimization solutions. The Company has production and assembly facilities in the United States, Europe and Asia, and promotes its products and services through its worldwide locations. The Company’s is engaged in providing energy control and optimization solutions for the aerospace and energy markets. The Company focuses primarily on original equipment manufacturers (NASDAQ:WWD) and equipment packagers, partnering with them to bring component and system solutions to their demanding applications. The Company operates in two segments: Aerospace and Energy. The Company also provides aftermarket repair, replacement and other service support for its installed products.

12 Month Chart for NASDAQ:WWD

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