Woodward , Inc. (NASDAQ:WWD) director Gregg C. Sengstack recently completed a series of transactions involving the company's common stock, according to a new SEC filing. On May 2, 2024, Sengstack sold 6,000 shares of Woodward stock at an average price of $167.01, netting a total of $1,002,060. The sales were executed through a broker-dealer, resulting in multiple same-day transactions with prices ranging from $166.67 to $167.44 per share.
In addition to the sale, Sengstack also acquired 6,000 shares of Woodward, Inc. common stock through the exercise of options at a price of $46.55 per share, totaling $279,300. The options, which were fully vested and exercisable, were part of a non-qualified stock option plan. Following these transactions, Sengstack's direct holdings in Woodward, Inc. have changed to 17,450 shares.
It's also noteworthy that Sengstack has indirect ownership of an additional 15,000 shares held in the Dianne Sengstack 2020 Dynasty Trust, for which he serves as the trustee. He maintains sole voting and investment power over these shares.
The recent financial activities of Woodward, Inc. executives are closely watched by investors as they may offer insights into the company's performance and the confidence level of its leadership. Woodward, Inc. specializes in the manufacturing of electrical industrial apparatus and has its headquarters in Fort Collins, Colorado.
InvestingPro Insights
As investors consider the recent financial activities of Woodward, Inc. (NASDAQ:WWD) executives, it's important to look at the company's current performance metrics to gauge the broader context. According to InvestingPro data, Woodward's market capitalization stands at a robust $10.55 billion. This reflects the company's substantial presence in the industrial apparatus manufacturing sector. The data also reveals a Price/Earnings (P/E) ratio of 29.36, which, when adjusted for the last twelve months as of Q2 2024, slightly decreases to 27.77. This indicates that the company's earnings are growing and could justify the current stock valuation to some investors.
Moreover, Woodward's PEG ratio for the same period is an attractive 0.24, suggesting that the company's earnings growth might not be fully reflected in its stock price, presenting a potential opportunity for value investors. Additionally, Woodward's Price/Book ratio stands at 4.54, which might indicate that the stock is trading at a premium compared to its book value, a factor that growth-oriented investors often consider.
Complementing these metrics are InvestingPro Tips highlighting that Woodward has raised its dividend for 3 consecutive years and has maintained dividend payments for an impressive 52 consecutive years. This consistency in returning value to shareholders could be a reassuring sign for income-focused investors. Furthermore, the company is trading near its 52-week high, with a price that is 99.7% of the peak, reflecting strong market confidence.
For those seeking more in-depth analysis, InvestingPro offers additional insights into Woodward's performance and stock trends. There are 15 more InvestingPro Tips available, which can be accessed through InvestingPro's full suite of tools and analytics. To enhance your investing strategy with these expert tips, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.