In a recent transaction, Thomas G. Cromwell, the Executive Vice President and Chief Operating Officer of Woodward , Inc. (NASDAQ:WWD), sold shares of the company's stock. The transaction, which occurred over two consecutive days, involved the sale of a total of 5,159 shares at prices ranging from $179.50 to $179.578 per share, resulting in a total value of approximately $926,294.
The sale was conducted through a broker-dealer, which executed multiple same-day, same-way open market sales. The reported prices represent a weighted average, as the sales took place at various prices within the stated range. This information was detailed in a footnote of the SEC filing, which also mentioned that full details of the shares sold at each price are available upon request.
In addition to the sales, Cromwell also engaged in transactions labeled as "M" transactions, which typically refer to the exercise of options. Over the same period, he acquired a total of 5,159 shares of Woodward, Inc. at a set price of $104.77 per share, totaling $540,508. These transactions suggest that Cromwell exercised options and subsequently sold the shares.
Woodward, Inc., headquartered in Fort Collins, Colorado, is a leader in the electrical industrial apparatus sector, providing control systems and components for aerospace and industrial markets.
Investors and market watchers often look to insider transactions as an indicator of a company's health and executive sentiment. The recent activity by Woodward's EVP and COO will likely be interpreted within the broader context of the company's performance and prospects.
InvestingPro Insights
As Woodward, Inc. (NASDAQ:WWD) navigates the market, investors are keeping a close eye on insider transactions and the company's financial health. Recent activity by Woodward's executive has brought the spotlight onto the company's stock performance and valuation metrics. Here are some insights from InvestingPro that could provide additional context for investors evaluating Woodward's current market position:
Woodward's market capitalization stands at a robust $10.79 billion, indicating a significant presence in the electrical industrial apparatus sector. The company's Price/Earnings (P/E) ratio is currently at 30.02, which suggests that investors are willing to pay a higher price for earnings, potentially due to expectations of future growth. This is further supported by the adjusted P/E ratio for the last twelve months as of Q2 2024, which is slightly lower at 28.4, hinting at an improvement in earnings relative to the stock price.
An impressive revenue growth of 23.49% over the last twelve months as of Q2 2024 reflects the company's ability to increase its sales and market share. This growth is also evident on a quarterly basis, with a 16.31% revenue increase in Q2 2024. These figures demonstrate Woodward's continued expansion and potential for future profitability. Additionally, the company's gross profit margin stands at 26.54%, which is a solid indicator of its ability to control costs and generate profits from its sales.
For those interested in Woodward's dividend history, it's noteworthy that the company has maintained dividend payments for a remarkable 52 consecutive years, as per InvestingPro Tips. This consistency in returning value to shareholders may be a reassuring sign for long-term investors. Furthermore, with 11 analysts having revised their earnings upwards for the upcoming period, there appears to be a positive sentiment surrounding Woodward's future financial performance.
For investors seeking more detailed insights and additional InvestingPro Tips, Woodward's profile on InvestingPro offers a comprehensive analysis. With a total of 18 InvestingPro Tips available, users can gain a deeper understanding of the company's financial health and market position. To access these valuable insights, consider taking advantage of the special offer: use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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