Woodward , Inc. (NASDAQ:WWD) director John D. Cohn has recently engaged in significant stock transactions, according to a new SEC filing. On May 2, 2024, Cohn sold 2,400 shares of Woodward at a price range of $167.47, totaling over $401,928. This sale comes alongside the acquisition of the same number of shares through the exercise of options at a price of $40.26, amounting to $96,624.
Investors monitoring insider activity may find Cohn's transactions noteworthy as they provide insights into executive confidence and financial moves within Woodward, a company specializing in electrical industrial apparatus manufacturing. Following the sale, Cohn's direct holdings in Woodward common stock have decreased to 20,531 shares.
The transactions occurred simultaneously with the exercise of non-qualified stock options, which are reported to be fully vested and exercisable. Cohn exercised options for 2,400 shares of Woodward common stock, with the options set to expire on October 1, 2025. Post-transaction, Cohn's direct ownership in derivative securities stands at 7,200 shares.
Woodward, Inc., with its headquarters in Fort Collins, Colorado, has a history of innovation in its field and is incorporated in Delaware. The recent financial activities of its directors, as reflected in SEC filings, are closely watched by investors seeking to understand the internal perspectives of the company's leadership on its stock value and performance.
InvestingPro Insights
As Woodward, Inc. (NASDAQ:WWD) navigates through the financial activities of its directors, the company's performance metrics and analysts' outlook provide a broader context for investors. Woodward's market capitalization stands at a robust $10.57 billion, reflecting investor confidence in the company. The P/E ratio, a measure of the stock's valuation, is currently at 29.36, while the adjusted P/E ratio for the last twelve months as of Q2 2024 is slightly lower at 27.77. This suggests a stable valuation in relation to the company's earnings.
Investors may also take note of Woodward's revenue growth, which has been impressive at 23.49% over the last twelve months as of Q2 2024. This growth signifies the company's ability to increase sales and potentially expand its market share. The one-week price total return as of the date provided is 11.76%, indicating a strong short-term performance that may interest traders and investors alike.
Two InvestingPro Tips that are particularly relevant to Woodward's current situation include the fact that the company has raised its dividend for 3 consecutive years, and 10 analysts have revised their earnings upwards for the upcoming period. These insights suggest a positive outlook on Woodward's financial health and future performance. Additionally, Woodward has maintained dividend payments for 52 consecutive years, underlining its commitment to shareholder returns.
For those seeking a deeper dive into Woodward's financials and more expert analysis, there are more InvestingPro Tips available at https://www.investing.com/pro/WWD. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and gain access to valuable insights that could inform your investment decisions. With 16 additional tips listed in InvestingPro, investors can benefit from a comprehensive understanding of Woodward's financial landscape.
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