Woodward EVP Hobbs Randall sells $120,000 in stock

Published 20/06/2025, 14:56
Woodward EVP Hobbs Randall sells $120,000 in stock

Hobbs Randall, Executive Vice President and President, Industrial at Woodward , Inc. (NASDAQ:WWD), sold 500 shares of company stock on June 18, 2025, at a price of $240.00, totaling $120,000. The sale comes as WWD trades near its 52-week high of $240.79, having delivered an impressive 42% return over the past six months. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.

Following the transaction, Hobbs Randall directly owns 49,827 shares of Woodward, Inc. common stock. The filing also indicates that Hobbs Randall indirectly owns 227 shares through the Woodward Retirement Savings Plan. With Woodward’s current market capitalization of $14.34 billion and multiple InvestingPro indicators suggesting the stock is trading at high valuation multiples, investors may want to carefully evaluate their position. InvestingPro offers 15+ additional insights about WWD’s valuation and growth prospects.

The sale was executed under a Rule 10b5-1 trading plan adopted on February 27, 2025. The company maintains strong fundamentals with liquid assets exceeding short-term obligations and operates with a moderate level of debt, according to InvestingPro analysis.

In other recent news, Woodward Inc. reported its fiscal second quarter 2025 earnings, surpassing expectations with an adjusted EPS of $1.69, compared to the forecast of $1.45. The company’s revenue also exceeded projections, reaching $884 million against the anticipated $838.83 million. In a significant development, Woodward has been selected by Airbus to supply the electro-hydraulic spoiler actuation system for the A350 aircraft, covering systems for 12 of the 14 aircraft spoilers. Furthermore, Deutsche Bank (ETR:DBKGn) upgraded Woodward’s stock from Hold to Buy, raising the price target to $291, citing the company’s strong performance in key submarkets. Truist Securities also increased its price target for Woodward to $232, maintaining a Buy rating after visiting Woodward’s Rock Cut Campus. UBS followed suit, raising its price target to $220 from $200, highlighting Woodward’s solid financial performance and conservative guidance for the second half of the fiscal year. These developments reflect a positive outlook for Woodward, driven by its strategic positioning and robust earnings growth.

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