6,812 Shares in Woodward, Inc. (NASDAQ:WWD) Bought by 111 Capital

111 Capital purchased a new stake in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,812 shares of the technology company's stock, valued at approximately $1,134,000.

Other hedge funds also recently bought and sold shares of the company. Farallon Capital Management LLC grew its holdings in shares of Woodward by 31.8% during the 4th quarter. Farallon Capital Management LLC now owns 1,521,300 shares of the technology company's stock worth $253,175,000 after acquiring an additional 367,300 shares during the period. Earnest Partners LLC grew its holdings in shares of Woodward by 2.8% during the 4th quarter. Earnest Partners LLC now owns 1,418,123 shares of the technology company's stock worth $236,004,000 after acquiring an additional 38,774 shares during the period. Naya Capital Management UK Ltd. grew its holdings in shares of Woodward by 130.2% during the 4th quarter. Naya Capital Management UK Ltd. now owns 1,328,765 shares of the technology company's stock worth $221,133,000 after acquiring an additional 751,541 shares during the period. Geode Capital Management LLC grew its holdings in shares of Woodward by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,302,237 shares of the technology company's stock worth $216,771,000 after acquiring an additional 23,735 shares during the period. Finally, Duquesne Family Office LLC grew its holdings in shares of Woodward by 15.9% during the 4th quarter. Duquesne Family Office LLC now owns 1,225,750 shares of the technology company's stock worth $203,989,000 after acquiring an additional 168,035 shares during the period. Hedge funds and other institutional investors own 81.18% of the company's stock.

Insider Activity at Woodward

In other news, COO Thomas G. Cromwell sold 10,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $184.50, for a total transaction of $1,845,000.00. Following the transaction, the chief operating officer now directly owns 15,477 shares of the company's stock, valued at $2,855,506.50. This represents a 39.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregg C. Sengstack sold 4,600 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $187.86, for a total value of $864,156.00. Following the transaction, the director now directly owns 17,450 shares in the company, valued at $3,278,157. The trade was a 20.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,700 shares of company stock valued at $9,998,300. 0.82% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WWD. UBS Group upped their target price on Woodward from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Wall Street Zen upgraded Woodward from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Truist Financial set a $232.00 price target on Woodward in a research note on Friday, May 23rd. Deutsche Bank Aktiengesellschaft set a $187.00 price target on Woodward and gave the stock a "hold" rating in a research note on Monday, April 14th. Finally, Wells Fargo & Company upped their price target on Woodward from $175.00 to $193.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Woodward has an average rating of "Moderate Buy" and a consensus target price of $204.75.

Woodward Stock Down 0.5%

WWD stock traded down $1.13 during midday trading on Friday, hitting $216.83. The company's stock had a trading volume of 590,419 shares, compared to its average volume of 464,040. The company has a market cap of $12.87 billion, a PE ratio of 36.32, a P/E/G ratio of 2.37 and a beta of 1.24. Woodward, Inc. has a 12 month low of $145.98 and a 12 month high of $220.05. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. The firm's 50-day moving average is $188.13 and its 200-day moving average is $183.55.

Woodward (NASDAQ:WWD - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.25. The business had revenue of $883.63 million for the quarter, compared to analysts' expectations of $838.61 million. Woodward had a return on equity of 16.76% and a net margin of 11.18%. The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 EPS. On average, equities research analysts forecast that Woodward, Inc. will post 6.15 earnings per share for the current fiscal year.

Woodward Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be given a $0.28 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $1.12 annualized dividend and a yield of 0.52%. Woodward's dividend payout ratio (DPR) is presently 18.09%.

Woodward Profile

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.