MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stake in Woodward, Inc. (NASDAQ:WWD)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Woodward, Inc. (NASDAQ:WWD - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 413,220 shares of the technology company's stock after purchasing an additional 22,027 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.70% of Woodward worth $68,769,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of WWD. Atria Wealth Solutions Inc. purchased a new position in Woodward during the 4th quarter worth $465,000. Park Avenue Securities LLC boosted its holdings in Woodward by 105.2% during the 4th quarter. Park Avenue Securities LLC now owns 5,299 shares of the technology company's stock worth $882,000 after acquiring an additional 2,717 shares during the last quarter. Fiduciary Alliance LLC purchased a new position in Woodward during the 4th quarter worth $1,275,000. Sanctuary Advisors LLC boosted its holdings in shares of Woodward by 3.9% in the 4th quarter. Sanctuary Advisors LLC now owns 10,286 shares of the technology company's stock worth $1,712,000 after buying an additional 389 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Woodward in the 4th quarter worth about $2,137,000. Institutional investors and hedge funds own 81.18% of the company's stock.

Woodward Stock Performance

NASDAQ WWD traded up $1.46 during trading on Friday, hitting $209.79. 375,822 shares of the company's stock traded hands, compared to its average volume of 462,778. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 2.37 and a beta of 1.24. Woodward, Inc. has a 12-month low of $145.98 and a 12-month high of $210.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.89. The business has a 50 day moving average of $182.45 and a 200-day moving average of $180.63.

Woodward (NASDAQ:WWD - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The technology company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.44 by $0.25. Woodward had a net margin of 11.18% and a return on equity of 16.76%. The business had revenue of $883.63 million for the quarter, compared to the consensus estimate of $838.61 million. During the same period in the prior year, the firm earned $1.62 earnings per share. The company's revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Woodward, Inc. will post 6.15 earnings per share for the current fiscal year.

Woodward Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, May 22nd. Woodward's dividend payout ratio is presently 18.09%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on WWD shares. Deutsche Bank Aktiengesellschaft set a $187.00 price target on shares of Woodward and gave the stock a "hold" rating in a report on Monday, April 14th. StockNews.com raised shares of Woodward from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Truist Financial boosted their price target on shares of Woodward from $205.00 to $209.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Wells Fargo & Company boosted their price target on shares of Woodward from $175.00 to $193.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Finally, UBS Group boosted their price target on shares of Woodward from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $195.00.

Insider Activity

In related news, Director John D. Cohn sold 2,800 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $191.52, for a total value of $536,256.00. Following the transaction, the director now directly owns 20,965 shares in the company, valued at approximately $4,015,216.80. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregg C. Sengstack sold 4,600 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $187.86, for a total transaction of $864,156.00. Following the completion of the transaction, the director now owns 17,450 shares in the company, valued at approximately $3,278,157. This trade represents a 20.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,700 shares of company stock worth $5,751,700 over the last ninety days. 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.