Argentarii LLC Sells 1,482 Shares of Woodward, Inc. $WWD

Key Points

• Argentarii LLC reduced its stake in Woodward, Inc. by 25%, selling 1,482 shares during the second quarter and now holding 4,455 shares valued at approximately $1,092,000.
• Several large investors, including Cetera Investment Advisers and Deutsche Bank AG, have increased their positions in Woodward, which is now predominantly owned by institutional investors at 81.18%.
• Woodward announced a $0.28 quarterly dividend, with an annualized yield of 0.5%, and reported a strong performance in its most recent quarter, exceeding revenue and earnings estimates.

Argentarii LLC cut its holdings in Woodward, Inc. (NASDAQ:WWD - Free Report) by 25.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,455 shares of the technology company's stock after selling 1,482 shares during the quarter. Argentarii LLC's holdings in Woodward were worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Cetera Investment Advisers boosted its position in shares of Woodward by 8.4% during the fourth quarter. Cetera Investment Advisers now owns 3,522 shares of the technology company's stock valued at $586,000 after purchasing an additional 272 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Woodward by 23.7% during the fourth quarter. Deutsche Bank AG now owns 4,915 shares of the technology company's stock valued at $818,000 after purchasing an additional 942 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Woodward by 19.0% during the fourth quarter. Tidal Investments LLC now owns 3,259 shares of the technology company's stock valued at $542,000 after purchasing an additional 521 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Woodward by 9.2% during the fourth quarter. Vident Advisory LLC now owns 3,116 shares of the technology company's stock valued at $519,000 after purchasing an additional 263 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Woodward by 19.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 164,140 shares of the technology company's stock valued at $27,316,000 after purchasing an additional 26,249 shares in the last quarter. 81.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WWD shares. UBS Group boosted their price target on Woodward from $283.00 to $299.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft raised Woodward from a "hold" rating to a "buy" rating and set a $291.00 price target on the stock in a research report on Tuesday, June 3rd. Barclays boosted their price target on Woodward from $200.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Alembic Global Advisors upgraded shares of Woodward from a "neutral" rating to an "overweight" rating and set a $281.00 price objective for the company in a report on Wednesday, August 20th. Finally, The Goldman Sachs Group boosted their price objective on shares of Woodward from $229.00 to $255.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $253.11.

Woodward Trading Up 1.0%

NASDAQ:WWD opened at $240.56 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.04 and a quick ratio of 1.39. The firm has a market capitalization of $14.43 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 2.58 and a beta of 1.27. Woodward, Inc. has a one year low of $146.82 and a one year high of $267.45. The business has a fifty day moving average price of $248.73 and a 200-day moving average price of $220.33.

Woodward (NASDAQ:WWD - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.62 by $0.14. The firm had revenue of $915.45 million during the quarter, compared to analyst estimates of $884.98 million. Woodward had a return on equity of 16.57% and a net margin of 11.32%.Woodward's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 EPS. Woodward has set its FY 2025 guidance at 6.500-6.750 EPS. Sell-side analysts forecast that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, November 20th. Woodward's dividend payout ratio is 17.72%.

Insider Buying and Selling at Woodward

In related news, EVP Randall Hobbs sold 846 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $250.00, for a total value of $211,500.00. Following the completion of the transaction, the executive vice president owned 48,981 shares of the company's stock, valued at approximately $12,245,250. This represents a 1.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John D. Cohn sold 1,750 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $244.32, for a total transaction of $427,560.00. Following the completion of the transaction, the director directly owned 20,963 shares of the company's stock, valued at $5,121,680.16. This represents a 7.70% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.82% of the company's stock.

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.

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