Quantitative Systematic Strategies LLC bought a new stake in shares of Woodward, Inc. (NASDAQ:WWD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,254 shares of the technology company’s stock, valued at approximately $341,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Swiss National Bank boosted its stake in Woodward by 1.6% during the third quarter. Swiss National Bank now owns 134,100 shares of the technology company’s stock worth $10,749,000 after acquiring an additional 2,100 shares in the last quarter. Commerce Bank bought a new stake in Woodward during the third quarter worth about $252,000. M&T Bank Corp boosted its stake in Woodward by 11.0% during the third quarter. M&T Bank Corp now owns 17,593 shares of the technology company’s stock worth $1,410,000 after acquiring an additional 1,737 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Woodward by 1.2% during the third quarter. Principal Financial Group Inc. now owns 176,931 shares of the technology company’s stock worth $14,183,000 after acquiring an additional 2,177 shares in the last quarter. Finally, WCM Investment Management LLC boosted its stake in Woodward by 2.5% during the third quarter. WCM Investment Management LLC now owns 115,535 shares of the technology company’s stock worth $9,261,000 after acquiring an additional 2,774 shares in the last quarter. 81.02% of the stock is currently owned by hedge funds and other institutional investors.
In other Woodward news, VP Christopher Fawzy sold 9,150 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $85.25, for a total transaction of $780,037.50. Also, insider Chad Robert Preiss sold 11,500 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $83.66, for a total transaction of $962,090.00. Following the sale, the insider now directly owns 28,978 shares of the company’s stock, valued at $2,424,299.48. The disclosure for this sale can be found here. Insiders have sold 174,950 shares of company stock valued at $15,172,037 over the last three months. 4.20% of the stock is owned by corporate insiders.
Several equities research analysts recently commented on WWD shares. Truist boosted their price objective on shares of Woodward from $51.00 to $70.00 in a research note on Friday. Credit Suisse Group lifted their target price on shares of Woodward from $100.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday. Barclays lifted their target price on shares of Woodward from $80.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, September 10th. BidaskClub raised shares of Woodward from a “hold” rating to a “buy” rating in a report on Wednesday, October 7th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Woodward in a report on Friday, August 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Woodward currently has an average rating of “Hold” and an average target price of $92.13.
WWD opened at $108.64 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average price of $88.86 and a 200-day moving average price of $79.40. Woodward, Inc. has a twelve month low of $46.51 and a twelve month high of $129.06. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 1.84 and a beta of 1.51.
Woodward (NASDAQ:WWD) last released its quarterly earnings data on Wednesday, November 18th. The technology company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.21. Woodward had a net margin of 9.25% and a return on equity of 15.51%. As a group, analysts expect that Woodward, Inc. will post 3.72 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.081 per share. The ex-dividend date is Friday, November 13th. This represents a $0.32 annualized dividend and a dividend yield of 0.30%. Woodward’s payout ratio is 6.56%.
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 offers 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, servo controls, and motors and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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