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FORT COLLINS, CO — Gregg C. Sengstack, a director at Woodward , Inc. (NASDAQ:WWD), executed a series of stock transactions recently, according to a filing with the Securities and Exchange Commission. On February 19, Sengstack sold a total of 5,000 shares of Woodward common stock, generating proceeds of approximately $957,305. The sales were conducted at prices ranging from $191.24 to $192.12 per share. The transaction comes as Woodward, currently valued at nearly $11 billion, maintains a "GOOD" financial health score according to InvestingPro analysis.
In addition to the stock sales, Sengstack exercised options to acquire 5,000 shares at a price of $40.26 per share. Following these transactions, Sengstack holds 17,450 shares of Woodward directly. Additionally, he has indirect ownership of 15,000 shares through the Dianne Sengstack 2020 Dynasty Trust, where he serves as the trustee with sole voting and investment power. The stock has delivered a robust 38% return over the past year.
These moves come as Sengstack continues to manage his holdings in Woodward, a company known for its electrical industrial apparatus manufacturing and its impressive 53-year track record of maintaining dividend payments. InvestingPro analysis indicates the stock is currently trading near its Fair Value, with 10+ additional insights available to subscribers.
In other recent news, Woodward, Inc. reported its first quarter fiscal year 2025 results, revealing earnings per share of $1.35, which surpassed analyst expectations of $1.17. However, the company’s revenue slightly missed estimates, coming in at $773 million compared to the projected $774.17 million, marking a 2% year-over-year decline. Despite this, Woodward reaffirmed its fiscal year 2025 revenue guidance of $3.3-3.5 billion and adjusted its earnings per share guidance to $5.85-6.25, with the midpoint slightly above the consensus. UBS analyst Gavin Parsons (NYSE:PSN) raised the company’s stock price target to $232, maintaining a Buy rating, citing Woodward’s strong performance metrics and strategic positioning in the Aerospace sector.
Additionally, Woodward announced a 12% increase in its quarterly dividend, raising it to $0.28 per share, reflecting the company’s confidence in its financial health. At the 2024 Annual Meeting of Stockholders, all board nominees were elected, and the advisory resolution on executive compensation was approved, indicating shareholder confidence in the company’s governance. Furthermore, Deloitte & Touche LLP was ratified as the independent accounting firm for the fiscal year ending September 30, 2025. These developments underscore Woodward’s ongoing strategic initiatives and shareholder engagement.
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