Farther Finance Advisors LLC Has $996,000 Stock Position in Woodward, Inc. (NASDAQ:WWD)

Farther Finance Advisors LLC cut its holdings in Woodward, Inc. (NASDAQ:WWD - Free Report) by 23.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,321 shares of the technology company's stock after selling 1,598 shares during the period. Farther Finance Advisors LLC's holdings in Woodward were worth $996,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Atria Wealth Solutions Inc. purchased a new position in Woodward in the 4th quarter worth about $465,000. Focus Partners Wealth acquired a new position in Woodward in the 4th quarter worth approximately $294,000. Sanctuary Advisors LLC grew its position in Woodward by 3.9% during the 4th quarter. Sanctuary Advisors LLC now owns 10,286 shares of the technology company's stock worth $1,712,000 after purchasing an additional 389 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Woodward during the 4th quarter worth approximately $2,137,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Woodward by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 503,977 shares of the technology company's stock valued at $83,872,000 after purchasing an additional 3,099 shares in the last quarter. Institutional investors own 81.18% of the company's stock.

Insider Activity at Woodward

In related news, Director John D. Cohn sold 2,800 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $191.52, for a total value of $536,256.00. Following the completion of the transaction, the director now owns 20,965 shares of the company's stock, valued at approximately $4,015,216.80. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Thomas G. Cromwell sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $184.50, for a total value of $1,845,000.00. Following the transaction, the chief operating officer now directly owns 15,477 shares in the company, valued at $2,855,506.50. The trade was a 39.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,050 shares of company stock valued at $13,267,077 in the last ninety days. Insiders own 0.82% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on WWD. Truist Financial lifted their target price on Woodward from $232.00 to $267.00 and gave the company a "buy" rating in a research note on Thursday. Jefferies Financial Group reissued a "buy" rating and set a $245.00 target price (up previously from $225.00) on shares of Woodward in a research note on Friday, May 23rd. UBS Group increased their price objective on Woodward from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Wells Fargo & Company boosted their target price on Woodward from $175.00 to $193.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Finally, Wall Street Zen raised Woodward from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Woodward presently has a consensus rating of "Moderate Buy" and a consensus target price of $222.13.

Woodward Stock Performance

WWD traded down $2.89 during midday trading on Friday, reaching $232.06. The company's stock had a trading volume of 486,375 shares, compared to its average volume of 474,549. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. The stock has a market cap of $13.78 billion, a P/E ratio of 38.87, a PEG ratio of 2.37 and a beta of 1.24. The company has a fifty day simple moving average of $197.56 and a 200 day simple moving average of $187.11. Woodward, Inc. has a twelve month low of $145.98 and a twelve month high of $236.87.

Woodward (NASDAQ:WWD - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.25. The firm had revenue of $883.63 million for the quarter, compared to analyst estimates of $838.61 million. Woodward had a net margin of 11.18% and a return on equity of 16.76%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.62 EPS. Research analysts expect that Woodward, Inc. will post 6.15 earnings per share for the current year.

Woodward Announces Dividend

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 dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Thursday, May 22nd. Woodward's dividend payout ratio (DPR) is currently 18.09%.

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.