FORT COLLINS, CO—Cromwell Thomas G, Executive Vice President and Chief Operating Officer of Woodward , Inc. (NASDAQ:WWD), recently executed a series of stock transactions involving the company's common stock. According to a recent SEC filing, Cromwell sold a total of 17,928 shares over two days, generating proceeds of approximately $3.18 million. The shares were sold at prices ranging from $174.50 to $179.50 per share.
These sales were conducted under a pre-established Rule 10b5-1 trading plan, which was adopted on May 17, 2024. The transactions also included the exercise of stock options, with Cromwell acquiring 17,928 shares at prices between $81.03 and $104.77, totaling $1.64 million. Following these transactions, Cromwell holds 11,511 shares directly and an additional 388 shares indirectly through the Woodward Retirement Savings Plan.
In other recent news, Woodward, Inc. saw significant fiscal growth in 2024, with its annual revenue surpassing the $3 billion mark for the first time. This milestone was achieved due to the considerable growth in both the Aerospace and Industrial segments, with earnings per share reaching an all-time high and free cash flow increasing by over $100 million. The company also completed strategic initiatives, including facility transformations and maintenance, repair, and operations agreements.
Truist Securities has upgraded its price target for Woodward's stock to $226, up from the previous $187, maintaining its Buy rating on the stock. This revision comes after Woodward's fourth fiscal quarter of 2024 results exceeded market expectations. The company's fiscal year 2025 outlook, particularly for earnings per share, was notably 2.5% higher than the consensus estimates from Wall Street analysts.
However, Woodward anticipates a decline in Industrial sales by 7% to 11% for fiscal 2025, with volatility noted in the China on-highway market. On the other hand, Aerospace segment sales are expected to grow between 6% and 13%, driven by anticipated strong demand in power generation, marine transportation, and smart defense products. The company projects earnings per share for fiscal 2025 to range from $5.75 to $6.25, reflecting the recent developments in the company's operations.
InvestingPro Insights
To provide additional context to Cromwell Thomas G's recent stock transactions, let's examine some key financial metrics and insights for Woodward, Inc. (NASDAQ:WWD).
According to InvestingPro data, Woodward boasts a market capitalization of $11.36 billion, reflecting its significant presence in the aerospace and industrial control systems market. The company's revenue for the last twelve months as of Q4 2024 stood at $3.32 billion, with a notable revenue growth of 14.06% over the same period.
Woodward's financial health appears robust, with an InvestingPro Tip indicating that the company's liquid assets exceed its short-term obligations. This strong liquidity position suggests that Woodward is well-equipped to meet its near-term financial commitments, which may have factored into the executive's decision-making regarding stock transactions.
Another relevant InvestingPro Tip highlights that Woodward has maintained dividend payments for an impressive 52 consecutive years. This long-standing commitment to shareholder returns aligns with the company's stable financial position and may contribute to investor confidence.
It's worth noting that Woodward's P/E ratio stands at 30.75, which some investors might consider high. However, this should be viewed in the context of the company's growth prospects and industry position.
For those interested in a more comprehensive analysis, InvestingPro offers 12 additional tips for Woodward, providing a deeper understanding of the company's financial health and market position.
FORT COLLINS, CO—Cromwell Thomas G, Executive Vice President and Chief Operating Officer of Woodward, Inc. (NASDAQ:WWD), recently executed a series of stock transactions involving the company's common stock. According to a recent SEC filing, Cromwell sold a total of 17,928 shares over two days, generating proceeds of approximately $3.18 million. The shares were sold at prices ranging from $174.50 to $179.50 per share.
These sales were conducted under a pre-established Rule 10b5-1 trading plan, which was adopted on May 17, 2024. The transactions also included the exercise of stock options, with Cromwell acquiring 17,928 shares at prices between $81.03 and $104.77, totaling $1.64 million. Following these transactions, Cromwell holds 11,511 shares directly and an additional 388 shares indirectly through the Woodward Retirement Savings Plan.
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