Diversified Trust Co Makes New Investment in Woodward, Inc. $WWD

Key Points

• Diversified Trust Co made a new investment in Woodward, Inc., purchasing 2,846 shares valued at approximately $698,000 in the second quarter.
• Woodward reported a quarterly EPS of $1.76, surpassing the consensus estimate of $1.62, and a revenue of $915.45 million, up 8.0% year-over-year.
• The firm announced a quarterly dividend of $0.28 per share, with an ex-dividend date on November 20, reflecting a 0.5% yield.

Diversified Trust Co purchased a new position in Woodward, Inc. (NASDAQ:WWD - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,846 shares of the technology company's stock, valued at approximately $698,000.

Other hedge funds have also 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 worth $586,000 after acquiring an additional 272 shares during 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 worth $818,000 after acquiring an additional 942 shares during 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 worth $542,000 after acquiring an additional 521 shares during 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 worth $519,000 after acquiring an additional 263 shares during 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 worth $27,316,000 after acquiring an additional 26,249 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors.

Woodward Trading Up 1.0%

WWD stock opened at $240.56 on Tuesday. The company has a market capitalization of $14.43 billion, a PE ratio of 38.06, a P/E/G ratio of 2.58 and a beta of 1.27. Woodward, Inc. has a 12 month low of $146.82 and a 12 month high of $267.45. The firm's 50-day moving average is $248.73 and its 200 day moving average is $220.33. 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 posted its quarterly earnings results 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 company had revenue of $915.45 million for the quarter, compared to the consensus estimate of $884.98 million. Woodward had a net margin of 11.32% and a return on equity of 16.57%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.63 EPS. Woodward has set its FY 2025 guidance at 6.500-6.750 EPS. On average, research analysts anticipate that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Dividend Announcement

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

Insider Activity

In other Woodward news, EVP Randall Hobbs sold 846 shares of the 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 transaction, the executive vice president directly owned 48,981 shares in the company, valued at $12,245,250. This represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John D. Cohn sold 1,750 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $244.32, for a total transaction of $427,560.00. Following the transaction, the director owned 20,963 shares in the company, valued at approximately $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. 0.82% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WWD has been the subject of a number of research reports. UBS Group upped their target price on shares of Woodward from $283.00 to $299.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Wall Street Zen lowered shares of Woodward from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 13th. The Goldman Sachs Group upped their target price on shares of Woodward from $229.00 to $255.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Zacks Research downgraded shares of Woodward from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Alembic Global Advisors raised shares of Woodward from a "neutral" rating to an "overweight" rating and set a $281.00 price target on the stock in a research note on Wednesday, August 20th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $253.11.

Woodward Company 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.

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