US Bancorp DE Has $5.21 Million Holdings in Woodward, Inc. (NASDAQ:WWD)

Key Points

• US Bancorp DE reduced its stake in Woodward, Inc. by 6.8% in Q1, holding 28,530 shares valued at $5.21 million following the sale of 2,093 shares.
• Woodward announced a quarterly dividend of $0.28 per share, with a dividend yield of 0.4%, to be paid on September 4th.
• The company reported a strong earnings performance for the last quarter, exceeding expectations with an EPS of $1.76 against an estimated $1.62.

US Bancorp DE trimmed its stake in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) by 6.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,530 shares of the technology company's stock after selling 2,093 shares during the quarter. US Bancorp DE's holdings in Woodward were worth $5,207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB boosted its position in shares of Woodward by 191.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 166 shares of the technology company's stock worth $30,000 after acquiring an additional 109 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Woodward by 2,314.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the technology company's stock worth $31,000 after acquiring an additional 162 shares in the last quarter. TCTC Holdings LLC boosted its position in shares of 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 acquiring an additional 98 shares in the last quarter. Berbice Capital Management LLC lifted its holdings in shares of Woodward by 50.0% in the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the technology company's stock valued at $55,000 after purchasing an additional 100 shares during the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Woodward in the 4th quarter valued at about $61,000. 81.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WWD shares. Barclays upped their price objective on shares of Woodward from $200.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Monday. Truist Financial raised their price objective on shares of Woodward from $267.00 to $294.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft upgraded Woodward from a "hold" rating to a "buy" rating and set a $291.00 target price on the stock in a research report on Tuesday, June 3rd. Jefferies Financial Group reiterated a "buy" rating and issued a $245.00 price objective (up previously from $225.00) on shares of Woodward in a research report on Friday, May 23rd. Finally, UBS Group boosted their target price on shares of Woodward from $283.00 to $299.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $249.63.

Woodward Trading Down 0.7%

Shares of NASDAQ:WWD traded down $1.77 during midday trading on Friday, reaching $248.86. The company had a trading volume of 222,631 shares, compared to its average volume of 522,651. The company has a fifty day simple moving average of $245.95 and a two-hundred day simple moving average of $207.18. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 39.41, a price-to-earnings-growth ratio of 2.71 and a beta of 1.30. Woodward, Inc. has a 1-year low of $146.82 and a 1-year 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.

Woodward (NASDAQ:WWD - Get Free Report) last released its earnings results on Monday, July 28th. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.14. Woodward had a net margin of 11.32% and a return on equity of 16.57%. The business had revenue of $915.45 million for the quarter, compared to the consensus estimate of $884.98 million. During the same period last year, the firm posted $1.63 earnings per share. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. Research analysts predict that Woodward, Inc. will post 6.15 earnings per share for the current year.

Woodward Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.12 dividend on an annualized basis and a yield of 0.5%. Woodward's payout ratio is presently 17.72%.

Insider Activity at Woodward

In other Woodward news, EVP Terence J. Voskuil sold 10,000 shares of the company's 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 sale, the executive vice president directly owned 4,945 shares in the company, valued at $1,142,443.35. This represents a 66.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Randall Hobbs sold 846 shares of Woodward stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $250.00, for a total value of $211,500.00. Following the completion of the transaction, the executive vice president owned 48,981 shares in the company, valued at $12,245,250. The trade was a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,296 shares of company stock valued at $8,711,033. Corporate insiders own 0.82% of the company's stock.

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.