Land This Bargain Even Cheaper Than Director Donovan Did

Feb 11 2014, 3:33pm CST | by

There’s an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on January 31, Woodward, Inc.’s Director, Paul Donovan, invested $48,325.50 into 1,129 shares of WWD, for a cost per share of $42.80. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

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In trading on Tuesday, bargain hunters could buy shares of Woodward, Inc. (NASD: WWD) and achieve a cost basis 3.0% cheaper than Donovan, with shares changing hands as low as $41.54 per share. Woodward, Inc. shares are currently trading up about 1.1% on the day. The chart below shows the one year performance of WWD shares, versus its 200 day moving average:

Looking at the chart above, WWD’s low point in its 52 week range is $33.49 per share, with $46.69 as the 52 week high point — that compares with a last trade of $42.10. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
08/14/2013 Paul Donovan Director 1,000 $41.94 $41,940.00
08/15/2013 Gregg C. Sengstack Director 2,500 $40.97 $102,415.00
08/15/2013 Paul Donovan Director 3,087 $41.07 $126,773.17
01/31/2014 Paul Donovan Director 1,129 $42.80 $48,325.50

According to the ETF Finder at ETFChannel.com, WWD makes up 1.74% of the WilderHill Progressive Energy Portfolio ETF (AMEX: PUW) which is trading higher by about 0.6% on the day Tuesday.


Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial and a special 20% off coupon from Forbes.

Source: Forbes Business

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