Woodward, Inc. (NASDAQ:WWD) is Duquesne Family Office LLC's 4th Largest Position

Duquesne Family Office LLC lessened its position in Woodward, Inc. (NASDAQ:WWD - Free Report) by 10.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,097,750 shares of the technology company's stock after selling 128,000 shares during the quarter. Woodward accounts for 6.5% of Duquesne Family Office LLC's portfolio, making the stock its 4th largest position. Duquesne Family Office LLC owned about 1.85% of Woodward worth $200,328,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Concentric Capital Strategies LP purchased a new stake in shares of Woodward during the first quarter valued at $832,000. Appian Way Asset Management LP bought a new position in Woodward in the 1st quarter worth about $1,468,000. Caption Management LLC purchased a new position in shares of Woodward during the first quarter worth approximately $566,000. Twin Tree Management LP raised its stake in shares of Woodward by 387.2% during the first quarter. Twin Tree Management LP now owns 12,061 shares of the technology company's stock valued at $2,201,000 after acquiring an additional 16,261 shares in the last quarter. Finally, Vident Advisory LLC raised its stake in shares of Woodward by 27.4% during the first quarter. Vident Advisory LLC now owns 3,969 shares of the technology company's stock valued at $724,000 after acquiring an additional 853 shares in the last quarter. 81.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WWD has been the topic of several research reports. Wall Street Zen raised Woodward from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. Jefferies Financial Group restated a "buy" rating and set a $245.00 price target (up previously from $225.00) on shares of Woodward in a research note on Friday, May 23rd. UBS Group upped their price objective on shares of Woodward from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Wells Fargo & Company increased their target price on shares of Woodward from $175.00 to $193.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Finally, Truist Financial set a $267.00 price target on shares of Woodward and gave the stock a "buy" rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $222.13.

Insider Buying and Selling

In related news, CEO Charles P. Blankenship sold 2,450 shares of Woodward stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $230.85, for a total transaction of $565,582.50. Following the completion of the sale, the chief executive officer now owns 64,739 shares of the company's stock, valued at $14,944,998.15. The trade was a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Thomas G. Cromwell sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $184.50, for a total transaction of $1,845,000.00. Following the completion of the transaction, the chief operating officer now owns 15,477 shares in the company, valued at approximately $2,855,506.50. This trade represents a 39.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,050 shares of company stock worth $13,267,077 in the last 90 days. Insiders own 0.82% of the company's stock.

Woodward Stock Up 1.2%

NASDAQ WWD traded up $2.88 during trading on Monday, hitting $234.94. The company's stock had a trading volume of 406,623 shares, compared to its average volume of 474,970. Woodward, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 1.19. The company has a market cap of $13.95 billion, a PE ratio of 39.35, a P/E/G ratio of 2.37 and a beta of 1.24. The business's 50 day simple moving average is $199.05 and its 200-day simple moving average is $187.54.

Woodward (NASDAQ:WWD - Get Free Report) last released its earnings results on Monday, April 28th. The technology company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.25. The company had revenue of $883.63 million for the quarter, compared to the consensus estimate of $838.61 million. Woodward had a net margin of 11.18% and a return on equity of 16.76%. Woodward's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 EPS. On average, equities analysts anticipate that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Thursday, May 22nd. Woodward's payout ratio is 18.09%.

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.