Sequoia Financial Advisors LLC Buys 1,652 Shares of Woodward, Inc. $WWD

Sequoia Financial Advisors LLC raised its stake in Woodward, Inc. (NASDAQ:WWD - Free Report) by 9.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,564 shares of the technology company's stock after buying an additional 1,652 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Woodward were worth $4,550,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of Woodward by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,649 shares of the technology company's stock valued at $1,396,000 after acquiring an additional 82 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Woodward by 13.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,580 shares of the technology company's stock valued at $653,000 after purchasing an additional 420 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Woodward by 0.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 165,286 shares of the technology company's stock valued at $30,163,000 after purchasing an additional 1,146 shares during the period. XTX Topco Ltd bought a new position in shares of Woodward during the first quarter worth $294,000. Finally, Tribune Investment Group LP bought a new position in shares of Woodward during the first quarter worth $8,577,000. Institutional investors and hedge funds own 81.18% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on WWD shares. Northcoast Research raised Woodward to a "hold" rating in a research note on Friday, July 25th. Wall Street Zen downgraded Woodward from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 13th. Wolfe Research set a $300.00 price objective on Woodward and gave the company an "outperform" rating in a research report on Friday, October 3rd. Zacks Research lowered Woodward from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Finally, UBS Group lifted their price target on shares of Woodward from $283.00 to $299.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $268.67.

Insider Activity

In related news, Director John D. Cohn sold 1,750 shares of Woodward stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $244.32, for a total transaction of $427,560.00. Following the completion of the sale, the director directly owned 20,963 shares of the company's stock, valued at approximately $5,121,680.16. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.82% of the stock is currently owned by corporate insiders.

Woodward Trading Up 0.7%

Shares of Woodward stock opened at $255.34 on Wednesday. The business has a fifty day simple moving average of $246.61 and a two-hundred day simple moving average of $227.47. Woodward, Inc. has a 1 year low of $146.82 and a 1 year high of $267.45. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of 40.40, a P/E/G ratio of 2.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.04 and a quick ratio of 1.39.

Woodward (NASDAQ:WWD - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.14. The company had revenue of $915.45 million for the quarter, compared to analyst estimates of $884.98 million. Woodward had a net margin of 11.32% and a return on equity of 16.57%. The company's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 earnings per share. Woodward has set its FY 2025 guidance at 6.500-6.750 EPS. Research analysts forecast that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, November 20th. Woodward's payout ratio is currently 17.72%.

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.

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