New York State Teachers Retirement System decreased its holdings in Woodward, Inc. (NASDAQ:WWD - Free Report) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,084 shares of the technology company's stock after selling 1,800 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Woodward worth $11,512,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in shares of Woodward in the 4th quarter worth approximately $2,687,000. US Bancorp DE grew its holdings in shares of Woodward by 4.2% in the 4th quarter. US Bancorp DE now owns 30,623 shares of the technology company's stock worth $5,096,000 after acquiring an additional 1,247 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Woodward by 32.5% in the 4th quarter. Jones Financial Companies Lllp now owns 8,862 shares of the technology company's stock worth $1,475,000 after acquiring an additional 2,176 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Woodward by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 503,977 shares of the technology company's stock worth $83,872,000 after acquiring an additional 3,099 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of Woodward by 20.8% in the 4th quarter. Assetmark Inc. now owns 401 shares of the technology company's stock worth $67,000 after acquiring an additional 69 shares during the period. 81.18% of the stock is currently owned by hedge funds and other institutional investors.
Woodward Stock Up 0.5%
Shares of Woodward stock traded up $1.16 on Monday, hitting $253.50. 514,536 shares of the company traded hands, compared to its average volume of 483,391. The company has a 50-day moving average price of $222.33 and a 200 day moving average price of $195.06. The company has a quick ratio of 1.30, a current ratio of 1.95 and a debt-to-equity ratio of 0.21. Woodward, Inc. has a 12-month low of $145.98 and a 12-month high of $253.70. The company has a market cap of $15.05 billion, a PE ratio of 40.95, a PEG ratio of 2.96 and a beta of 1.26.
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 the consensus estimate 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 business earned $1.62 EPS. Woodward's quarterly revenue was up 5.9% compared to the same quarter last year. Sell-side analysts predict that Woodward, Inc. will post 6.15 earnings per share for the current year.
Woodward Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders 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 0.44%. The ex-dividend date was Thursday, May 22nd. Woodward's dividend payout ratio is 18.09%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on WWD. Deutsche Bank Aktiengesellschaft upgraded Woodward from a "hold" rating to a "buy" rating and set a $291.00 price target on the stock in a report on Tuesday, June 3rd. The Goldman Sachs Group upped their target price on Woodward from $229.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Wells Fargo & Company upped 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. Truist Financial set a $267.00 target price on Woodward and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $245.00 target price (up previously from $225.00) on shares of Woodward in a research note on Friday, May 23rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Woodward has a consensus rating of "Moderate Buy" and an average price target of $228.88.
Check Out Our Latest Report on WWD
Insider Activity
In related news, EVP Randall Hobbs sold 846 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $250.00, for a total value of $211,500.00. Following the sale, the executive vice president owned 48,981 shares of the company's stock, valued at $12,245,250. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Charles P. Blankenship sold 5,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $228.41, for a total transaction of $1,142,050.00. Following the completion of the sale, the chief executive officer directly owned 67,189 shares in the company, valued at approximately $15,346,639.49. The trade was a 6.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,096 shares of company stock worth $9,247,289 in the last 90 days. 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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