Avior Wealth Management LLC decreased its holdings in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) by 90.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 435 shares of the technology company's stock after selling 4,201 shares during the period. Avior Wealth Management LLC's holdings in Woodward were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of Woodward by 191.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 166 shares of the technology company's stock valued at $30,000 after buying an additional 109 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in 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 in the last quarter. NBT Bank N A NY purchased a new position in Woodward in the 4th quarter valued at $34,000. Fourth Dimension Wealth LLC purchased a new position in Woodward in the 4th quarter valued at $61,000. Finally, Global Retirement Partners LLC lifted its holdings in Woodward by 94.2% in the 4th quarter. Global Retirement Partners LLC now owns 371 shares of the technology company's stock valued at $62,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 81.18% of the company's stock.
Woodward Stock Up 1.6%
Shares of WWD opened at $241.67 on Tuesday. Woodward, Inc. has a 52-week low of $145.98 and a 52-week high of $242.02. The company has a market capitalization of $14.35 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 2.79 and a beta of 1.24. The stock has a fifty day simple moving average of $207.41 and a two-hundred day simple moving average of $189.94. The company has a quick ratio of 1.30, a current ratio of 1.95 and a debt-to-equity ratio of 0.21.
Woodward (NASDAQ:WWD - Get Free Report) last issued its earnings results on Monday, April 28th. The technology company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.25. Woodward had a return on equity of 16.86% and a net margin of 11.36%. The business had revenue of $883.63 million during the quarter, compared to the consensus estimate of $838.61 million. During the same period last year, the company earned $1.62 EPS. The company's revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts forecast that Woodward, Inc. will post 6.15 EPS for the current year.
Woodward Announces Dividend
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 dividend yield of 0.46%. The ex-dividend date of this dividend was Thursday, May 22nd. Woodward's dividend payout ratio (DPR) is presently 18.09%.
Analysts Set New Price Targets
WWD has been the topic of a number of research reports. Truist Financial set a $267.00 price objective on Woodward and gave the company a "buy" rating in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft upgraded Woodward from a "hold" rating to a "buy" rating and set a $291.00 price objective on the stock in a report on Tuesday, June 3rd. Wells Fargo & Company raised their price objective on Woodward from $175.00 to $193.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Wall Street Zen upgraded Woodward from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Finally, UBS Group raised their price objective on Woodward from $200.00 to $220.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Three 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, Woodward currently has a consensus rating of "Moderate Buy" and an average price target of $228.88.
Read Our Latest Research Report on WWD
Insiders Place Their Bets
In related news, COO Thomas G. Cromwell sold 3,300 shares of the firm's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $194.36, for a total transaction of $641,388.00. Following the completion of the sale, the chief operating officer now directly owns 15,477 shares of the company's stock, valued at approximately $3,008,109.72. This trade represents a 17.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Terence J. Voskuil sold 10,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $231.03, for a total value of $2,310,300.00. Following the sale, the executive vice president now directly owns 4,945 shares of the company's stock, valued at $1,142,443.35. The trade was a 66.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,550 shares of company stock valued at $9,677,177 in the last three months. 0.82% of the stock is currently owned by insiders.
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.
Further Reading
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