3,343 Shares in Woodward, Inc. (NASDAQ:WWD) Purchased by Mission Wealth Management LP

Mission Wealth Management LP acquired a new stake in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,343 shares of the technology company's stock, valued at approximately $610,000.

A number of other institutional investors and hedge funds also recently modified their holdings of WWD. Optas LLC purchased a new stake in shares of Woodward during the 1st quarter valued at $222,000. Handelsbanken Fonder AB purchased a new stake in Woodward during the first quarter valued at about $3,585,000. SG Americas Securities LLC increased its stake in Woodward by 129.9% during the first quarter. SG Americas Securities LLC now owns 53,138 shares of the technology company's stock worth $9,697,000 after acquiring an additional 30,027 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Woodward by 142.5% in the 1st quarter. GAMMA Investing LLC now owns 2,588 shares of the technology company's stock worth $472,000 after purchasing an additional 1,521 shares during the period. Finally, Midland Wealth Advisors LLC lifted its stake in shares of Woodward by 4.9% in the 1st quarter. Midland Wealth Advisors LLC now owns 48,486 shares of the technology company's stock valued at $8,848,000 after purchasing an additional 2,270 shares in the last quarter. Institutional investors and hedge funds own 81.18% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Truist Financial set a $267.00 target price on shares of Woodward and gave the stock a "buy" rating in a research report on Thursday, June 12th. Wells Fargo & Company upped their price target on shares of Woodward from $175.00 to $193.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Wall Street Zen raised Woodward from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. Jefferies Financial Group reissued a "buy" rating and set a $245.00 price target (up from $225.00) on shares of Woodward in a research report on Friday, May 23rd. Finally, UBS Group increased their price objective on shares of Woodward from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Woodward has an average rating of "Moderate Buy" and an average target price of $222.13.

Woodward Stock Up 1.0%

WWD stock traded up $2.42 during midday trading on Thursday, hitting $238.99. 671,836 shares of the company's stock were exchanged, compared to its average volume of 476,821. The firm has a 50 day moving average price of $203.12 and a 200-day moving average price of $188.61. Woodward, Inc. has a 12-month low of $145.98 and a 12-month high of $240.79. The stock has a market capitalization of $14.19 billion, a price-to-earnings ratio of 38.61, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. 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 issued its quarterly earnings results on Monday, April 28th. The technology company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.25. Woodward had a net margin of 11.36% and a return on equity of 16.86%. The business had revenue of $883.63 million during the quarter, compared to analyst estimates of $838.61 million. During the same quarter in the previous year, the firm earned $1.62 earnings per share. The business's revenue was up 5.9% compared to the same quarter last year. On average, analysts anticipate that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Dividend Announcement

The business also recently declared 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. The ex-dividend date was Thursday, May 22nd. This represents a $1.12 annualized dividend and a dividend yield of 0.47%. Woodward's payout ratio is 18.09%.

Insider Buying and Selling

In other news, CEO Charles P. Blankenship sold 2,450 shares of Woodward stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $230.85, for a total value of $565,582.50. Following the completion of the transaction, the chief executive officer now directly owns 64,739 shares of the company's stock, valued at approximately $14,944,998.15. The trade was a 3.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Terence J. Voskuil sold 10,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $231.03, for a total transaction of $2,310,300.00. Following the sale, the executive vice president now directly owns 4,945 shares of the company's stock, valued at approximately $1,142,443.35. This represents a 66.91% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,050 shares of company stock worth $11,422,077. Corporate insiders own 0.82% of the company's stock.

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.