Sequoia Financial Advisors LLC Purchases 1,335 Shares of Woodward, Inc. (NASDAQ:WWD)

Sequoia Financial Advisors LLC raised its stake in Woodward, Inc. (NASDAQ:WWD - Free Report) by 8.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,912 shares of the technology company's stock after buying an additional 1,335 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Woodward were worth $3,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC increased its position in shares of Woodward by 84.8% in the 1st quarter. Fourth Dimension Wealth LLC now owns 680 shares of the technology company's stock valued at $124,000 after buying an additional 312 shares in the last quarter. YHB Investment Advisors Inc. raised its holdings in shares of Woodward by 1.0% during the first quarter. YHB Investment Advisors Inc. now owns 30,361 shares of the technology company's stock worth $5,541,000 after acquiring an additional 312 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in 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 in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in Woodward in the 1st quarter valued at $417,000. Finally, Blue Trust Inc. boosted its stake in Woodward by 23.9% in the 1st quarter. Blue Trust Inc. now owns 3,925 shares of the technology company's stock worth $716,000 after purchasing an additional 758 shares during the period. Institutional investors and hedge funds own 81.18% of the company's stock.

Woodward Stock Down 0.0%

Shares of NASDAQ:WWD traded down $0.00 during trading on Monday, hitting $245.96. 41,252 shares of the company were exchanged, compared to its average volume of 477,030. Woodward, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $250.50. The stock has a market cap of $14.60 billion, a price-to-earnings ratio of 39.76, a P/E/G ratio of 2.89 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. The firm has a fifty day moving average price of $213.43 and a two-hundred day moving average price of $191.78.

Woodward (NASDAQ:WWD - Get Free Report) last issued its earnings results on Monday, April 28th. The technology company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.25. The business had revenue of $883.63 million for the quarter, compared to the consensus estimate of $838.61 million. Woodward had a net margin of 11.36% and a return on equity of 16.86%. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 earnings per share. As a group, 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 declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Thursday, May 22nd. Woodward's payout ratio is currently 18.09%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wall Street Zen raised Woodward from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. UBS Group increased their price objective on Woodward from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Jefferies Financial Group restated 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. Truist Financial set a $267.00 price target on Woodward and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, Wells Fargo & Company raised their price target on shares of Woodward from $175.00 to $193.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Woodward currently has a consensus rating of "Moderate Buy" and an average target price of $228.88.

Insider Buying and Selling

In other Woodward news, EVP Randall Hobbs sold 500 shares of Woodward stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $240.00, for a total transaction of $120,000.00. Following the completion of the transaction, the executive vice president now directly owns 49,827 shares of the company's stock, valued at $11,958,480. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Terence J. Voskuil sold 10,000 shares of the 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 completion of the transaction, the executive vice president now directly owns 4,945 shares in the company, valued at $1,142,443.35. The trade was a 66.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,250 shares of company stock worth $9,035,789. Company 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.