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FORT COLLINS, CO—Cromwell Thomas G, Executive Vice President and Chief Operating Officer of Woodward , Inc. (NASDAQ:WWD), executed a significant stock sale as per recent filings with the Securities and Exchange Commission. On March 18 and March 19, Cromwell sold a total of 20,000 shares of Woodward common stock at an average price of $184.5 per share, amounting to approximately $3.69 million. The transaction comes as Woodward, now valued at $11.1 billion, trades near its 52-week high after delivering a 26% return over the past year. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
The transactions were carried out under a pre-established Rule 10b5-1 trading plan. Following these sales, Cromwell’s direct ownership of Woodward stock now stands at 15,477 shares. Additionally, Cromwell exercised non-qualified stock options to acquire 20,000 shares at a conversion price of $81.03 per share, though these were not directly associated with the sales. The company maintains strong financial health with a GOOD rating from InvestingPro, which highlights its 53-year track record of consistent dividend payments and recent 27% dividend growth.
These transactions reflect Cromwell’s ongoing management of his holdings in the company, with a portion of the shares being acquired through the exercise of stock options. For deeper insights into insider trading patterns and 12+ additional ProTips about Woodward’s valuation and financial health, visit InvestingPro.
In other recent news, Woodward, Inc. reported its first quarter fiscal year 2025 results, surpassing earnings expectations with an adjusted earnings per share of $1.35, compared to the analyst estimate of $1.17. However, the company’s revenue for the quarter was slightly below consensus estimates at $773 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 narrowed its adjusted earnings per share guidance to $5.85-6.25. In another development, UBS analyst Gavin Parsons (NYSE:PSN) raised the price target for Woodward to $232, maintaining a Buy rating, citing the company’s strong performance metrics and strategic positioning. Woodward also announced a 12% increase in its quarterly cash dividend, raising it to $0.28 per share, reflecting confidence in its financial health. Additionally, at the 2024 Annual Meeting of Stockholders, all nominees for the Board of Directors were elected, and key proposals, including the ratification of Deloitte & Touche LLP as the independent accounting firm, were approved. These developments indicate continued investor confidence in Woodward’s governance and strategic direction.
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