Woodward, Inc. (NASDAQ:WWD) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc increased its position in Woodward, Inc. (NASDAQ:WWD) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,850 shares of the technology company’s stock after buying an additional 92 shares during the quarter. CIBC Asset Management Inc’s holdings in Woodward were worth $308,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. State Street Corp lifted its holdings in Woodward by 4.8% in the 3rd quarter. State Street Corp now owns 2,421,483 shares of the technology company’s stock valued at $415,309,000 after acquiring an additional 110,569 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Woodward by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,278,502 shares of the technology company’s stock worth $219,321,000 after purchasing an additional 59,290 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Woodward by 135.1% during the third quarter. JPMorgan Chase & Co. now owns 992,189 shares of the technology company’s stock valued at $170,170,000 after purchasing an additional 570,124 shares during the last quarter. Naya Capital Management UK Ltd. bought a new stake in Woodward during the third quarter worth approximately $99,000,000. Finally, Alpha Wave Global LP grew its position in Woodward by 26.0% in the third quarter. Alpha Wave Global LP now owns 311,253 shares of the technology company’s stock worth $53,383,000 after buying an additional 64,212 shares during the last quarter. Institutional investors own 81.18% of the company’s stock.

Insiders Place Their Bets

In related news, COO Thomas G. Cromwell sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $179.54, for a total value of $1,795,400.00. Following the transaction, the chief operating officer now owns 11,511 shares in the company, valued at approximately $2,066,684.94. This represents a 46.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John D. Cohn sold 2,400 shares of Woodward stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $179.57, for a total transaction of $430,968.00. Following the completion of the sale, the director now owns 20,963 shares of the company’s stock, valued at $3,764,325.91. This trade represents a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,400 shares of company stock valued at $5,844,768 in the last three months. Insiders own 0.82% of the company’s stock.

Woodward Price Performance

Shares of WWD opened at $183.06 on Tuesday. The business’s 50-day moving average is $182.11 and its 200-day moving average is $172.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 1.19. The company has a market capitalization of $10.87 billion, a price-to-earnings ratio of 30.66, a P/E/G ratio of 2.37 and a beta of 1.40. Woodward, Inc. has a fifty-two week low of $136.25 and a fifty-two week high of $201.64.

Woodward (NASDAQ:WWD) last released its earnings results on Monday, February 3rd. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.21. Woodward had a net margin of 11.18% and a return on equity of 16.76%. During the same period in the prior year, the business posted $1.45 earnings per share. Equities research analysts expect that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. This is an increase from Woodward’s previous quarterly dividend of $0.25. Woodward’s payout ratio is 18.76%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Woodward from $193.00 to $205.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. StockNews.com downgraded Woodward from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 12th. Truist Financial lifted their price target on Woodward from $226.00 to $229.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. UBS Group upped their price objective on shares of Woodward from $216.00 to $232.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Barclays lifted their target price on shares of Woodward from $175.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.38.

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.