Woodward, Inc. (NASDAQ:WWD) Shares Purchased by Argentarii LLC

Argentarii LLC grew its position in Woodward, Inc. (NASDAQ:WWD - Free Report) by 105.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,937 shares of the technology company's stock after acquiring an additional 3,046 shares during the quarter. Argentarii LLC's holdings in Woodward were worth $1,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its stake in Woodward by 191.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 166 shares of the technology company's stock worth $30,000 after purchasing an additional 109 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Woodward by 2,314.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the technology company's stock valued at $31,000 after purchasing an additional 162 shares during the last quarter. NBT Bank N A NY purchased a new stake in shares of Woodward in the 4th quarter valued at about $34,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Woodward in the 4th quarter valued at about $61,000. Finally, Assetmark Inc. lifted its holdings in shares of Woodward by 20.8% in the 4th quarter. Assetmark Inc. now owns 401 shares of the technology company's stock valued at $67,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 81.18% of the company's stock.

Insider Buying and Selling at Woodward

In related news, EVP Randall Hobbs sold 846 shares of Woodward stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $250.00, for a total transaction of $211,500.00. Following the sale, the executive vice president directly owned 48,981 shares in the company, valued at $12,245,250. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Terence J. Voskuil sold 10,000 shares of Woodward stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $231.03, for a total transaction of $2,310,300.00. Following the sale, the executive vice president owned 4,945 shares in the company, valued at approximately $1,142,443.35. This represents a 66.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,096 shares of company stock worth $9,247,289. 0.82% of the stock is owned by insiders.

Woodward Stock Up 0.9%

NASDAQ WWD traded up $2.18 on Wednesday, hitting $252.03. 440,684 shares of the stock traded hands, compared to its average volume of 485,223. Woodward, Inc. has a twelve month low of $145.98 and a twelve month high of $255.69. The company has a current ratio of 1.95, a quick ratio of 1.30 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $14.96 billion, a P/E ratio of 40.72, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The stock has a 50-day moving average of $223.63 and a 200 day moving average of $195.44.

Woodward (NASDAQ:WWD - Get Free Report) last released 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 the consensus estimate of $838.61 million. Woodward had a net margin of 11.36% and a return on equity of 16.86%. The firm's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.62 earnings per share. As a group, analysts expect that Woodward, Inc. will post 6.15 earnings per share for the current fiscal year.

Woodward Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Thursday, May 22nd. Woodward's payout ratio is 18.09%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial set a $267.00 price target on Woodward and gave the company a "buy" rating in a research report on Thursday, June 12th. Jefferies Financial Group restated a "buy" rating and issued a $245.00 price target (up previously from $225.00) on shares of Woodward in a research report on Friday, May 23rd. The Goldman Sachs Group boosted their target price on Woodward from $229.00 to $255.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Deutsche Bank Aktiengesellschaft upgraded Woodward from a "hold" rating to a "buy" rating and set a $291.00 price target on the stock in a report on Tuesday, June 3rd. Finally, Wall Street Zen raised Woodward from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $228.88.

About Woodward

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.