US Bancorp DE Trims Stock Position in Woodward, Inc. $WWD

Key Points

• US Bancorp DE has reduced its stake in Woodward, Inc. by 4.2%, now holding 27,342 shares valued at approximately $6.7 million.
• Several institutional investors, including Mitsubishi UFJ Asset Management and TCTC Holdings, have significantly increased their positions in Woodward during the previous quarter.
• Woodward has announced a quarterly dividend of $0.28, reflecting a yield of 0.5%, with the payout scheduled for December 4th to shareholders of record on November 20th.

US Bancorp DE lessened its stake in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,342 shares of the technology company's stock after selling 1,188 shares during the quarter. US Bancorp DE's holdings in Woodward were worth $6,701,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position 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 purchasing an additional 112 shares during the last quarter. TCTC Holdings LLC raised its position in Woodward by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 182 shares of the technology company's stock valued at $33,000 after purchasing an additional 98 shares during the last quarter. Virtus Advisers LLC purchased a new stake in Woodward in the 1st quarter valued at $38,000. MassMutual Private Wealth & Trust FSB raised its position in Woodward by 32.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 220 shares of the technology company's stock valued at $54,000 after purchasing an additional 54 shares during the last quarter. Finally, Berbice Capital Management LLC raised its position in 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. Hedge funds and other institutional investors own 81.18% of the company's stock.

Wall Street Analyst Weigh In

WWD has been the subject of several research reports. Wall Street Zen downgraded shares of Woodward from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 13th. Zacks Research cut shares of Woodward from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Truist Financial boosted their price objective on shares of Woodward from $267.00 to $294.00 and gave the company a "buy" rating in a research note on Friday, July 11th. The Goldman Sachs Group boosted their price objective 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. Finally, Barclays boosted their price objective on shares of Woodward from $200.00 to $260.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Woodward has a consensus rating of "Moderate Buy" and an average target price of $268.67.

Woodward Price Performance

Woodward stock opened at $247.20 on Monday. Woodward, Inc. has a 52 week low of $146.82 and a 52 week high of $267.45. The company has a quick ratio of 1.39, a current ratio of 2.04 and a debt-to-equity ratio of 0.20. The firm's 50-day simple moving average is $246.70 and its 200 day simple moving average is $226.79. The firm has a market capitalization of $14.82 billion, a PE ratio of 39.11, a P/E/G ratio of 2.43 and a beta of 1.26.

Woodward (NASDAQ:WWD - Get Free Report) last released its earnings results on Monday, July 28th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 EPS. Woodward has set its FY 2025 guidance at 6.500-6.750 EPS. On average, equities research analysts predict that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, November 20th. Woodward's dividend payout ratio is 17.72%.

Insider Transactions at Woodward

In other Woodward news, Director John D. Cohn sold 1,750 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $244.32, for a total value of $427,560.00. Following the transaction, the director directly owned 20,963 shares in the company, valued at approximately $5,121,680.16. This represents a 7.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.