Moisand Fitzgerald Tamayo LLC Purchases New Shares in Woodward, Inc. (NASDAQ:WWD)

Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,286 shares of the technology company's stock, valued at approximately $417,000.

Several other hedge funds also recently made changes to their positions in WWD. Naya Capital Management UK Ltd. boosted its holdings in Woodward by 130.2% in the fourth quarter. Naya Capital Management UK Ltd. now owns 1,328,765 shares of the technology company's stock worth $221,133,000 after acquiring an additional 751,541 shares in the last quarter. Norges Bank bought a new stake in Woodward in the fourth quarter worth $120,220,000. GAMMA Investing LLC boosted its holdings in Woodward by 44,162.8% in the first quarter. GAMMA Investing LLC now owns 472,284 shares of the technology company's stock worth $86,187,000 after acquiring an additional 471,217 shares in the last quarter. Farallon Capital Management LLC boosted its holdings in Woodward by 31.8% in the fourth quarter. Farallon Capital Management LLC now owns 1,521,300 shares of the technology company's stock worth $253,175,000 after acquiring an additional 367,300 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Woodward in the fourth quarter worth $31,187,000. 81.18% of the stock is currently owned by institutional investors.

Woodward Stock Down 0.5%

WWD stock opened at $237.89 on Friday. Woodward, Inc. has a 1-year low of $145.98 and a 1-year high of $241.70. The business has a fifty day moving average price of $205.98 and a 200-day moving average price of $189.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.95 and a quick ratio of 1.30. The stock has a market capitalization of $14.12 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.79 and a beta of 1.24.

Woodward (NASDAQ:WWD - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The technology company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.25. The company 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%. Woodward's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 earnings per share. Equities analysts forecast that Woodward, Inc. will post 6.15 earnings per share for the current fiscal year.

Woodward Announces Dividend

The company also recently disclosed 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 yield of 0.47%. The ex-dividend date of this dividend was Thursday, May 22nd. Woodward's dividend payout ratio (DPR) is presently 18.09%.

Analyst Ratings Changes

Several research firms have commented on WWD. Wall Street Zen raised Woodward from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Truist Financial set a $267.00 target price on Woodward and gave the stock a "buy" rating in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft raised Woodward from a "hold" rating to a "buy" rating and set a $291.00 target price on the stock in a report on Tuesday, June 3rd. Wells Fargo & Company boosted their target price on Woodward from $175.00 to $193.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $245.00 price target (up previously from $225.00) on shares of Woodward in a research note on Friday, May 23rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $222.13.

Insider Activity at Woodward

In other Woodward news, EVP Randall Hobbs sold 500 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $240.00, for a total value of $120,000.00. Following the completion of the sale, the executive vice president now owns 49,827 shares in the company, valued at $11,958,480. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Thomas G. Cromwell sold 10,000 shares of the company's stock in a transaction dated 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 sale, the chief operating officer now owns 15,477 shares of the company's stock, valued at approximately $2,886,305.73. The trade was a 39.25% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,550 shares of company stock worth $11,542,077. 0.82% of the stock is owned by insiders.

About Woodward

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.