Woodward director Paterson sells $2.48m in shares

Published 04/08/2025, 21:02
Woodward director Paterson sells $2.48m in shares

Director Paterson Eileen P. of Woodward , Inc. (NASDAQ:WWD), a $15.6 billion market cap company that has seen its stock surge 71% over the past year, sold 8,490 shares of company stock on July 31, 2025, for approximately $2.48 million. The sales prices ranged from $257.63 to $264.18, near the stock’s 52-week high of $267.44.

On the same day, Paterson also exercised options to acquire 9,500 shares of Woodward stock at prices of $70.39 and $78.97, for a total value of $720,185.

Following these transactions, Paterson directly owns 1,928 shares of Woodward, Inc.

In other recent news, Woodward Inc. reported strong earnings and revenue for its third fiscal quarter of 2025. The company posted earnings per share of $1.76, surpassing the forecasted $1.63, marking a positive surprise of nearly 8%. Woodward’s revenue reached $915 million, exceeding expectations of $887.06 million. UBS raised its price target for Woodward to $299 from $283, maintaining a Buy rating, following the company’s 30% growth in the aftermarket segment. TD Cowen also adjusted its price target to $290 from $260, keeping a Hold rating, noting that the earnings per share beat was largely due to a lower tax rate. These developments reflect Woodward’s performance in the aerospace sector, with analysts from both firms recognizing the company’s financial achievements.

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