Avior Wealth Management LLC Has $940,000 Stock Holdings in Woodward, Inc. $WWD

Key Points

• Avior Wealth Management LLC increased its stake in Woodward, Inc. by 781.6%, now holding 3,835 shares valued at $940,000.
• Woodward's quarterly earnings exceeded analysts' expectations, with $1.76 EPS reported against a forecast of $1.62, driven by 8.0% year-over-year revenue growth.
• The company recently announced a quarterly dividend of $0.28, scheduled for payment on December 4th, reflecting a 0.5% yield and a payout ratio of 17.72%.

Avior Wealth Management LLC grew its stake in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) by 781.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,835 shares of the technology company's stock after acquiring an additional 3,400 shares during the quarter. Avior Wealth Management LLC's holdings in Woodward were worth $940,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of WWD. Newport Trust Company LLC lifted its position in shares of Woodward by 2.3% during the 1st quarter. Newport Trust Company LLC now owns 2,193,238 shares of the technology company's stock worth $400,244,000 after buying an additional 49,481 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Woodward by 5.0% during the first quarter. JPMorgan Chase & Co. now owns 1,092,257 shares of the technology company's stock worth $199,326,000 after purchasing an additional 51,873 shares during the period. Northern Trust Corp grew its stake in Woodward by 1.5% during the first quarter. Northern Trust Corp now owns 637,888 shares of the technology company's stock worth $116,408,000 after purchasing an additional 9,386 shares during the period. Hawk Ridge Capital Management LP grew its stake in Woodward by 5.7% in the first quarter. Hawk Ridge Capital Management LP now owns 593,148 shares of the technology company's stock valued at $108,244,000 after acquiring an additional 32,225 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Woodward by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 486,281 shares of the technology company's stock valued at $88,743,000 after buying an additional 4,432 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Zacks Research lowered Woodward from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. The Goldman Sachs Group raised their price objective on Woodward from $229.00 to $255.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Wall Street Zen cut shares of Woodward from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 13th. Alembic Global Advisors raised shares of Woodward from a "neutral" rating to an "overweight" rating and set a $281.00 price target for the company in a research note on Wednesday, August 20th. Finally, Truist Financial upped their price objective on shares of Woodward from $267.00 to $294.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $253.11.

Insider Activity at Woodward

In other Woodward news, EVP Randall Hobbs sold 846 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 48,981 shares in the company, valued at approximately $12,245,250. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John D. Cohn sold 1,750 shares of the stock in a transaction that occurred 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 owned 20,963 shares in the company, valued at $5,121,680.16. The trade was a 7.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.82% of the company's stock.

Woodward Trading Down 1.3%

NASDAQ:WWD opened at $245.95 on Tuesday. The company's 50 day moving average price is $247.54 and its 200-day moving average price is $222.63. Woodward, Inc. has a 52 week low of $146.82 and a 52 week high of $267.45. The company has a quick ratio of 1.39, a current ratio of 2.04 and a debt-to-equity ratio of 0.20. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 2.70 and a beta of 1.27.

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

Woodward Announces Dividend

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

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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