Fifth Third Bancorp Has $3.65 Million Stock Holdings in Woodward, Inc. (NASDAQ:WWD)

Fifth Third Bancorp reduced its stake in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) by 9.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,002 shares of the technology company's stock after selling 2,045 shares during the quarter. Fifth Third Bancorp's holdings in Woodward were worth $3,650,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its position in Woodward by 191.2% in the 1st 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 during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Woodward by 2,314.3% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the technology company's stock valued at $31,000 after purchasing an additional 162 shares during the last quarter. NBT Bank N A NY acquired a new stake in Woodward during the fourth quarter valued at approximately $34,000. Fourth Dimension Wealth LLC bought a new stake in Woodward during the fourth quarter worth approximately $61,000. Finally, Global Retirement Partners LLC grew its position in Woodward by 94.2% in the fourth quarter. Global Retirement Partners LLC now owns 371 shares of the technology company's stock worth $62,000 after buying an additional 180 shares during the last quarter. Institutional investors own 81.18% of the company's stock.

Insider Buying and Selling at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction on Monday, March 24th. The stock was sold at an average price of $186.49, for a total value of $1,864,900.00. Following the completion of the transaction, the chief operating officer now owns 15,477 shares in the company, valued at approximately $2,886,305.73. The trade was a 39.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles P. Blankenship sold 5,000 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $214.38, for a total transaction of $1,071,900.00. Following the sale, the chief executive officer now directly owns 72,878 shares in the company, valued at approximately $15,623,585.64. This represents a 6.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,050 shares of company stock valued at $11,422,077 in the last 90 days. 0.82% of the stock is currently owned by company insiders.

Woodward Stock Up 0.8%

WWD stock traded up $1.79 during midday trading on Wednesday, reaching $238.36. The company had a trading volume of 388,840 shares, compared to its average volume of 505,224. The company has a 50 day moving average of $201.84 and a two-hundred day moving average of $188.26. The company has a market capitalization of $14.15 billion, a P/E ratio of 38.51, a PEG ratio of 2.76 and a beta of 1.24. Woodward, Inc. has a 1 year low of $145.98 and a 1 year high of $240.79. The company has a current ratio of 1.95, a quick ratio of 1.30 and a debt-to-equity ratio of 0.21.

Woodward (NASDAQ:WWD - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.25. The firm had revenue of $883.63 million during the quarter, compared to analysts' expectations of $838.61 million. Woodward had a return on equity of 16.86% and a net margin of 11.36%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.62 earnings per share. On average, equities research analysts expect that Woodward, Inc. will post 6.15 earnings per share for the current fiscal year.

Woodward Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders 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 0.47%. The ex-dividend date of this dividend was Thursday, May 22nd. Woodward's dividend payout ratio is presently 18.09%.

Analyst Upgrades and Downgrades

WWD has been the subject of several research reports. Jefferies Financial Group reissued 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. Deutsche Bank Aktiengesellschaft raised shares of Woodward from a "hold" rating to a "buy" rating and set a $291.00 price objective for the company in a research note on Tuesday, June 3rd. UBS Group lifted their target price on shares of Woodward from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Truist Financial set a $267.00 price target on shares of Woodward and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, Wall Street Zen raised shares of Woodward from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Woodward has an average rating of "Moderate Buy" and an average price target of $222.13.

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.