Gateway Investment Advisers LLC decreased its position in Woodward, Inc. (NASDAQ:WWD - Free Report) by 53.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,970 shares of the technology company's stock after selling 5,675 shares during the quarter. Gateway Investment Advisers LLC's holdings in Woodward were worth $907,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. raised its stake in shares of Woodward by 20.8% in the fourth quarter. Assetmark Inc. now owns 401 shares of the technology company's stock worth $67,000 after buying an additional 69 shares during the period. Summit Financial LLC raised its stake in Woodward by 6.5% during the 4th quarter. Summit Financial LLC now owns 1,324 shares of the technology company's stock valued at $220,000 after purchasing an additional 81 shares during the period. Mather Group LLC. raised its stake in Woodward by 44.8% during the 4th quarter. Mather Group LLC. now owns 278 shares of the technology company's stock valued at $46,000 after purchasing an additional 86 shares during the period. Merit Financial Group LLC raised its stake in Woodward by 6.2% during the 1st quarter. Merit Financial Group LLC now owns 1,501 shares of the technology company's stock valued at $274,000 after purchasing an additional 88 shares during the period. Finally, CIBC Asset Management Inc increased its stake in Woodward by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,850 shares of the technology company's stock worth $308,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 81.18% of the company's stock.
Woodward Trading Up 0.5%
WWD opened at $234.61 on Monday. The firm has a market cap of $13.93 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 2.37 and a beta of 1.24. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. Woodward, Inc. has a 12 month low of $145.98 and a 12 month high of $236.87. The stock has a fifty day moving average price of $192.57 and a 200-day moving average price of $185.69.
Woodward (NASDAQ:WWD - Get Free Report) last announced its 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. Woodward had a return on equity of 16.76% and a net margin of 11.18%. The company had revenue of $883.63 million for the quarter, compared to analyst estimates of $838.61 million. During the same period in the prior year, the company posted $1.62 EPS. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Woodward, Inc. will post 6.15 earnings per share for the current fiscal year.
Woodward Dividend Announcement
The firm 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 annualized dividend and a yield of 0.48%. The ex-dividend date was Thursday, May 22nd. Woodward's dividend payout ratio is currently 18.09%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on WWD shares. Truist Financial set a $232.00 price objective on Woodward in a research note on Friday, May 23rd. Wall Street Zen upgraded Woodward from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. UBS Group boosted their price objective on Woodward from $200.00 to $220.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Jefferies Financial Group restated a "buy" rating and set a $245.00 price objective (up previously from $225.00) on shares of Woodward in a report on Friday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft raised Woodward from a "hold" rating to a "buy" rating and set a $291.00 target price for the company in a research report on Tuesday, June 3rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $217.75.
Get Our Latest Analysis on WWD
Insider Activity at Woodward
In other Woodward news, Director John D. Cohn sold 2,800 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $191.52, for a total transaction of $536,256.00. Following the sale, the director now owns 20,965 shares in the company, valued at approximately $4,015,216.80. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas G. Cromwell sold 10,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $184.50, for a total value of $1,845,000.00. Following the sale, the chief operating officer now owns 15,477 shares in the company, valued at approximately $2,855,506.50. The trade was a 39.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 64,050 shares of company stock valued at $13,267,077 in the last ninety days. Corporate insiders own 0.82% of the company's stock.
About Woodward
(
Free Report)
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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