Charles Schwab Investment Management Inc. Sells 6,522 Shares of Woodward, Inc. (NASDAQ:WWD)

Charles Schwab Investment Management Inc. cut its stake in Woodward, Inc. (NASDAQ:WWD - Free Report) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 497,455 shares of the technology company's stock after selling 6,522 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.84% of Woodward worth $90,781,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WWD. MassMutual Private Wealth & Trust FSB grew its stake in shares of Woodward by 191.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 166 shares of the technology company's stock valued at $30,000 after acquiring an additional 109 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Woodward by 2,314.3% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the technology company's stock valued at $31,000 after acquiring an additional 162 shares in the last quarter. TCTC Holdings LLC grew its stake in shares of Woodward by 116.7% in the first quarter. TCTC Holdings LLC now owns 182 shares of the technology company's stock valued at $33,000 after acquiring an additional 98 shares in the last quarter. Berbice Capital Management LLC grew its stake in Woodward by 50.0% during the first quarter. Berbice Capital Management LLC now owns 300 shares of the technology company's stock worth $55,000 after buying an additional 100 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in Woodward during the fourth quarter worth about $61,000. 81.18% of the stock is owned by institutional investors.

Woodward Trading Down 0.0%

NASDAQ WWD traded down $0.02 during trading hours on Friday, reaching $245.31. The company's stock had a trading volume of 660,475 shares, compared to its average volume of 573,160. The firm has a fifty day simple moving average of $248.33 and a 200-day simple moving average of $209.66. The stock has a market cap of $14.71 billion, a P/E ratio of 38.81, a P/E/G ratio of 2.64 and a beta of 1.30. Woodward, Inc. has a 52 week low of $146.82 and a 52 week high of $267.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.04 and a quick ratio of 1.39.

Woodward (NASDAQ:WWD - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.14. The business had revenue of $915.45 million during the quarter, compared to analyst estimates of $884.98 million. Woodward had a net margin of 11.32% and a return on equity of 16.57%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $1.63 EPS. Equities analysts forecast that Woodward, Inc. will post 6.15 earnings per share for the current fiscal year.

Woodward Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, August 21st. Woodward's dividend payout ratio (DPR) is 17.72%.

Insider Activity at Woodward

In other Woodward news, EVP Terence J. Voskuil sold 10,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 4,945 shares in the company, valued at approximately $1,142,443.35. This trade represents a 66.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Randall Hobbs sold 846 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $250.00, for a total transaction of $211,500.00. Following the transaction, the executive vice president owned 48,981 shares of the company's stock, valued at approximately $12,245,250. The trade was a 1.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,296 shares of company stock worth $8,711,033 in the last quarter. 0.82% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WWD shares. Jefferies Financial Group reiterated a "buy" rating and set a $245.00 price objective (up from $225.00) on shares of Woodward in a research note on Friday, May 23rd. Northcoast Research upgraded shares of Woodward to a "hold" rating in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Woodward from a "hold" rating to a "buy" rating and set a $291.00 price target on the stock in a research note on Tuesday, June 3rd. Truist Financial raised their price target 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. Finally, The Goldman Sachs Group raised their price target on shares of Woodward from $229.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Woodward has a consensus rating of "Moderate Buy" and a consensus price target of $249.63.

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.