Quantinno Capital Management LP raised its holdings in Woodward, Inc. (NASDAQ:WWD - Free Report) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,130 shares of the technology company's stock after purchasing an additional 6,134 shares during the quarter. Quantinno Capital Management LP owned 0.07% of Woodward worth $7,011,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Berbice Capital Management LLC bought a new position in Woodward during the 4th quarter worth $33,000. NBT Bank N A NY bought a new position in Woodward during the 4th quarter worth $34,000. Mather Group LLC. raised its position in shares of Woodward by 44.8% in the 4th quarter. Mather Group LLC. now owns 278 shares of the technology company's stock worth $46,000 after acquiring an additional 86 shares in the last quarter. R Squared Ltd bought a new position in shares of Woodward in the 4th quarter worth about $57,000. Finally, Global Retirement Partners LLC raised its position in shares of Woodward by 94.2% in the 4th quarter. Global Retirement Partners LLC now owns 371 shares of the technology company's stock worth $62,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds own 81.18% of the company's stock.
Woodward Stock Down 0.8%
Woodward stock traded down $1.56 during midday trading on Thursday, reaching $206.03. The stock had a trading volume of 116,413 shares, compared to its average volume of 461,760. Woodward, Inc. has a 12 month low of $145.98 and a 12 month high of $216.95. The company has a market capitalization of $12.23 billion, a P/E ratio of 34.53, a PEG ratio of 2.37 and a beta of 1.24. The company has a fifty day moving average price of $184.41 and a two-hundred day moving average price of $181.52. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22.
Woodward (NASDAQ:WWD - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The technology company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.25. The firm had revenue of $883.63 million during the quarter, compared to analyst estimates of $838.61 million. Woodward had a return on equity of 16.76% and a net margin of 11.18%. The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.62 EPS. As a group, equities analysts expect that Woodward, Inc. will post 6.15 EPS for the current fiscal year.
Woodward Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Thursday, May 22nd. Woodward's dividend payout ratio is currently 18.09%.
Insider Transactions at Woodward
In related news, CEO Charles P. Blankenship sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $214.38, for a total value of $1,071,900.00. Following the transaction, the chief executive officer now owns 72,878 shares in the company, valued at approximately $15,623,585.64. This represents a 6.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Thomas G. Cromwell sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $184.50, for a total value of $1,845,000.00. Following the completion of the transaction, the chief operating officer now owns 15,477 shares in the company, valued at approximately $2,855,506.50. The trade was a 39.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,700 shares of company stock worth $6,823,600 in the last 90 days. Insiders own 0.82% of the company's stock.
Wall Street Analyst Weigh In
WWD has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $187.00 price objective on Woodward and gave the stock a "hold" rating in a research report on Monday, April 14th. Truist Financial lifted their price objective on Woodward from $205.00 to $209.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. UBS Group lifted their price objective on Woodward from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Wells Fargo & Company boosted their target price on Woodward from $175.00 to $193.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Finally, Wall Street Zen raised Woodward from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Woodward has an average rating of "Moderate Buy" and a consensus target price of $195.00.
Read Our Latest Research Report on Woodward
Woodward Company Profile
(
Free Report)
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft.
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