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XTX Topco Ltd Invests $294,000 in Woodward, Inc. (NASDAQ:WWD)

Woodward logo with Aerospace background

Key Points

  • XTX Topco Ltd invested approximately $294,000 in Woodward, Inc. by purchasing 1,609 shares during the first quarter.
  • Woodward's stock received upgrades from multiple analysts, with target prices raised by firms such as Goldman Sachs and Wells Fargo, reflecting a consensus rating of "Moderate Buy".
  • Woodward announced a quarterly dividend of $0.28 per share, which will be paid on September 4th, resulting in an annualized dividend yield of 0.5%.
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XTX Topco Ltd purchased a new position in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,609 shares of the technology company's stock, valued at approximately $294,000.

Several other institutional investors have also modified their holdings of WWD. O Shaughnessy Asset Management LLC lifted its stake in Woodward by 23.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,685 shares of the technology company's stock valued at $280,000 after buying an additional 320 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Woodward by 44.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 185,092 shares of the technology company's stock valued at $30,803,000 after buying an additional 57,284 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Woodward by 4.8% in the 4th quarter. Russell Investments Group Ltd. now owns 3,704 shares of the technology company's stock valued at $616,000 after buying an additional 168 shares in the last quarter. Cerity Partners LLC lifted its stake in Woodward by 25.2% in the 4th quarter. Cerity Partners LLC now owns 10,772 shares of the technology company's stock valued at $1,800,000 after buying an additional 2,169 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in Woodward by 13.6% in the 4th quarter. Bank of Montreal Can now owns 53,548 shares of the technology company's stock valued at $8,911,000 after buying an additional 6,397 shares in the last quarter. Hedge funds and other institutional investors own 81.18% of the company's stock.

Insider Activity at Woodward

In related news, EVP Randall Hobbs sold 846 shares of the stock in a transaction 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 completion of the sale, the executive vice president directly owned 48,981 shares in the company, valued at approximately $12,245,250. This represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Terence J. Voskuil sold 10,000 shares of the stock in a transaction on Wednesday, June 4th. The shares were 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 owned 4,945 shares of the company's stock, valued at approximately $1,142,443.35. This represents a 66.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 39,296 shares of company stock worth $8,711,033. Corporate insiders own 0.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Woodward from $229.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Northcoast Research raised Woodward to a "hold" rating in a research note on Friday, July 25th. Wells Fargo & Company increased their price target on Woodward from $175.00 to $193.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Truist Financial increased their price target on Woodward from $267.00 to $294.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Wall Street Zen raised Woodward from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $249.63.

Get Our Latest Analysis on WWD

Woodward Trading Down 0.9%

Shares of Woodward stock opened at $248.45 on Monday. The firm has a market cap of $14.90 billion, a PE ratio of 39.31, a P/E/G ratio of 2.67 and a beta of 1.30. 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 business's fifty day moving average is $246.59 and its two-hundred day moving average is $207.82. Woodward, Inc. has a fifty-two week low of $146.82 and a fifty-two week high of $267.45.

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

Woodward Dividend Announcement

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

Woodward Profile

(Free Report)

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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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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.

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