Tribune Investment Group LP Invests $8.58 Million in Woodward, Inc. $WWD

Key Points

• Tribune Investment Group LP has invested approximately $8.58 million in Woodward, acquiring 47,000 shares, making it the fund's 8th largest holding.
• Multiple institutional investors, including MassMutual and Mitsubishi UFJ, have significantly increased their stakes in Woodward during the first quarter, collectively owning over 81% of the company.
• Woodward's recent quarterly earnings exceeded expectations with a reported EPS of $1.76, along with a forecast for FY 2025 EPS in the range of 6.500-6.750.

Tribune Investment Group LP acquired a new position in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 47,000 shares of the technology company's stock, valued at approximately $8,577,000. Woodward comprises approximately 3.7% of Tribune Investment Group LP's portfolio, making the stock its 8th largest holding. Tribune Investment Group LP owned about 0.08% of Woodward at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Woodward by 191.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 166 shares of the technology company's stock valued at $30,000 after purchasing an additional 109 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Woodward by 2,314.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the technology company's stock valued at $31,000 after buying an additional 162 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Woodward by 189.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company's stock valued at $31,000 after buying an additional 112 shares during the last quarter. TCTC Holdings LLC boosted its position in Woodward by 116.7% during the 1st quarter. TCTC Holdings LLC now owns 182 shares of the technology company's stock worth $33,000 after buying an additional 98 shares during the period. Finally, Berbice Capital Management LLC grew its holdings in Woodward by 50.0% during the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the technology company's stock worth $55,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Woodward from $229.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Barclays raised their target price on Woodward from $200.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Wells Fargo & Company lifted 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. Truist Financial increased their price target on Woodward from $267.00 to $294.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Zacks Research lowered Woodward from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $253.11.

Insider Activity

In related news, EVP Terence J. Voskuil sold 10,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $231.03, for a total value of $2,310,300.00. Following the completion of the sale, the executive vice president directly owned 4,945 shares of the company's stock, valued at $1,142,443.35. The trade was a 66.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Randall Hobbs sold 846 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $250.00, for a total value of $211,500.00. Following the transaction, the executive vice president directly owned 48,981 shares in the company, valued at approximately $12,245,250. This trade represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,296 shares of company stock worth $6,611,283. Company insiders own 0.82% of the company's stock.

Woodward Price Performance

Shares of WWD opened at $246.25 on Thursday. Woodward, Inc. has a 52-week low of $146.82 and a 52-week high of $267.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 2.04. The business's 50 day moving average price is $249.15 and its two-hundred day moving average price is $210.92. The firm has a market cap of $14.77 billion, a PE ratio of 38.96, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30.

Woodward (NASDAQ:WWD - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.62 by $0.14. The company had revenue of $915.45 million during the quarter, compared to the consensus estimate of $884.98 million. Woodward had a net margin of 11.32% and a return on equity of 16.57%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 EPS. Woodward has set its FY 2025 guidance at 6.500-6.750 EPS. On average, equities 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 will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 21st. Woodward's payout ratio is 17.72%.

Woodward Company 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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