Cambridge Investment Research Advisors Inc. increased its stake in Woodward, Inc. (NASDAQ:WWD – Free Report) by 1.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 7,649 shares of the technology company’s stock after acquiring an additional 82 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Woodward were worth $1,396,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of WWD. Proficio Capital Partners LLC bought a new position in Woodward in the 4th quarter worth approximately $2,687,000. US Bancorp DE raised its position in Woodward by 4.2% in the 4th quarter. US Bancorp DE now owns 30,623 shares of the technology company’s stock worth $5,096,000 after purchasing an additional 1,247 shares during the last quarter. Jones Financial Companies Lllp raised its position in Woodward by 32.5% in the 4th quarter. Jones Financial Companies Lllp now owns 8,862 shares of the technology company’s stock worth $1,475,000 after purchasing an additional 2,176 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Woodward by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 503,977 shares of the technology company’s stock valued at $83,872,000 after acquiring an additional 3,099 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Woodward by 20.8% during the 4th quarter. Assetmark Inc. now owns 401 shares of the technology company’s stock valued at $67,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 81.18% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have commented on WWD. Truist Financial set a $267.00 target price on shares of Woodward and gave the company a “buy” rating in a research report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft raised shares of Woodward from a “hold” rating to a “buy” rating and set a $291.00 target price on the stock in a report on Tuesday, June 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $245.00 target price (up from $225.00) on shares of Woodward in a report on Friday, May 23rd. Wells Fargo & Company increased their price target on shares of Woodward from $175.00 to $193.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Finally, UBS Group increased their target price on shares of Woodward from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Woodward currently has an average rating of “Moderate Buy” and an average target price of $228.88.
Insider Buying and Selling at Woodward
In other news, EVP Terence J. Voskuil sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $231.03, for a total transaction of $2,310,300.00. Following the completion of the sale, the executive vice president directly owned 4,945 shares of the company’s stock, valued at $1,142,443.35. The trade was a 66.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Charles P. Blankenship sold 2,450 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $230.85, for a total transaction of $565,582.50. Following the completion of the sale, the chief executive officer directly owned 64,739 shares of the company’s stock, valued at $14,944,998.15. The trade was a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,250 shares of company stock valued at $9,035,789. Insiders own 0.82% of the company’s stock.
Woodward Stock Performance
NASDAQ WWD opened at $252.51 on Friday. The firm’s fifty day moving average price is $219.48 and its two-hundred day moving average price is $193.55. The stock has a market cap of $14.99 billion, a PE ratio of 40.79, a PEG ratio of 2.92 and a beta of 1.26. Woodward, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $253.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.30 and a current ratio of 1.95.
Woodward (NASDAQ:WWD – Get Free Report) last issued its quarterly 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. The company had revenue of $883.63 million for the quarter, compared to analyst estimates of $838.61 million. Woodward had a net margin of 11.36% and a return on equity of 16.86%. Woodward’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.62 earnings per share. On average, equities analysts expect that Woodward, Inc. will post 6.15 EPS for the current fiscal year.
Woodward Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, May 22nd. This represents a $1.12 annualized dividend and a dividend yield of 0.44%. Woodward’s dividend payout ratio is currently 18.09%.
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.
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