Quadcap Wealth Management LLC Takes $434,000 Position in Woodward, Inc. (NASDAQ:WWD)

Quadcap Wealth Management LLC acquired a new position in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,608 shares of the technology company's stock, valued at approximately $434,000.

Other large investors have also recently modified their holdings of the company. Barclays PLC increased its stake in Woodward by 51.4% during the 3rd quarter. Barclays PLC now owns 42,189 shares of the technology company's stock valued at $7,236,000 after purchasing an additional 14,326 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Woodward by 5.3% in the fourth quarter. AdvisorNet Financial Inc now owns 1,790 shares of the technology company's stock valued at $298,000 after purchasing an additional 90 shares during the period. Park Avenue Securities LLC increased its holdings in shares of Woodward by 105.2% in the fourth quarter. Park Avenue Securities LLC now owns 5,299 shares of the technology company's stock valued at $882,000 after purchasing an additional 2,717 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in Woodward by 39.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 5,395 shares of the technology company's stock valued at $898,000 after buying an additional 1,524 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in Woodward by 112.2% in the fourth quarter. Gateway Investment Advisers LLC now owns 10,645 shares of the technology company's stock valued at $1,772,000 after buying an additional 5,629 shares during the last quarter. Hedge funds and other institutional investors own 81.18% of the company's stock.

Woodward Stock Performance

NASDAQ WWD traded down $0.33 on Tuesday, reaching $213.20. The stock had a trading volume of 502,855 shares, compared to its average volume of 463,184. The stock has a market cap of $12.66 billion, a P/E ratio of 35.71, a price-to-earnings-growth ratio of 2.37 and a beta of 1.24. 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's 50-day moving average price is $183.14 and its 200 day moving average price is $181.11. Woodward, Inc. has a 12-month low of $145.98 and a 12-month high of $216.96.

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

Woodward Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a $0.28 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.53%. Woodward's dividend payout ratio (DPR) is currently 18.09%.

Analyst Upgrades and Downgrades

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

Insider Activity at Woodward

In other news, COO Thomas G. Cromwell sold 3,300 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $194.36, for a total value of $641,388.00. Following the completion of the sale, the chief operating officer now owns 15,477 shares of the company's stock, valued at $3,008,109.72. This trade represents a 17.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gregg C. Sengstack sold 4,600 shares of Woodward stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $187.86, for a total value of $864,156.00. Following the sale, the director now directly owns 17,450 shares of the company's stock, valued at approximately $3,278,157. The trade was a 20.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,700 shares of company stock valued at $5,751,700. Insiders own 0.82% of the company's stock.

About Woodward

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.