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John Cohn, a director at Woodward , Inc. (NASDAQ:WWD), recently reported a significant stock sale. According to a recent SEC filing, Cohn sold 2,000 shares of Woodward common stock on February 5, 2025, at an average price of $189.39 per share, totaling approximately $378,780. The stock has shown strong momentum, gaining over 27% in the past six months, and currently trades near $196, close to its 52-week high of $201.64.
In addition to the sale, Cohn exercised options to acquire 2,000 shares at a price of $40.26 per share. Following these transactions, Cohn holds 20,964 shares of Woodward stock directly. According to InvestingPro analysis, Woodward currently appears to be trading above its Fair Value, with a "GOOD" overall financial health score.
The transactions reflect Cohn’s ongoing management of his holdings in the company, where he continues to serve as a director. For deeper insights into Woodward’s valuation and performance metrics, including 13 additional ProTips and comprehensive financial analysis, visit InvestingPro.
In other recent news, Woodward Inc. has seen a series of significant developments. The company has reported an increase in its quarterly cash dividend by 12%, raising it from $0.25 to $0.28 per share. UBS analyst Gavin Parsons (NYSE:PSN) has also raised the stock price target for Woodward to $232, maintaining a Buy rating. Parsons cited Woodward’s surpassing of expectations in most metrics during the last quarter as a reason for his confidence.
Woodward’s revenue has seen increases in five out of seven subsegments, with a notable 19% rise in the aftermarket subsegment. However, the commercial original equipment subsegment saw a 10% fall due to a strike at Boeing (NYSE:BA). Additionally, Woodward’s Core Industrial segment experienced 7% growth, despite a challenging comparative period.
The company’s stockholders have approved key proposals at its 2024 Annual Meeting, including the election of three directors and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending September 30, 2025. However, Woodward’s Q1 2025 earnings fell short on revenue estimates, causing shares to drop by 4.3%. Despite this, the company’s adjusted earnings per share of $1.35 surpassed the analyst estimate of $1.17. These are among the recent developments for Woodward Inc.
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