Woodward, Inc. (NASDAQ:WWD) Stock Holdings Raised by Arizona State Retirement System

Posted by Defense World Staff on May 12th, 2023

Arizona State Retirement System raised its stake in Woodward, Inc. (NASDAQ:WWD – Get Rating) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 16,128 shares of the technology company’s stock after purchasing an additional 472 shares during the period. Arizona State Retirement System’s holdings in Woodward were worth $1,558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of WWD. Treasurer of the State of North Carolina boosted its holdings in shares of Woodward by 1.3% in the 3rd quarter. Treasurer of the State of North Carolina now owns 25,218 shares of the technology company’s stock valued at $2,024,000 after buying an additional 320 shares during the period. Twinbeech Capital LP acquired a new position in shares of Woodward in the 3rd quarter valued at about $3,369,000. Fiduciary Management Inc. WI boosted its stake in Woodward by 0.4% during the 3rd quarter. Fiduciary Management Inc. WI now owns 316,427 shares of the technology company’s stock valued at $25,396,000 after purchasing an additional 1,371 shares during the period. Inspire Investing LLC boosted its stake in Woodward by 12.2% during the 3rd quarter. Inspire Investing LLC now owns 2,579 shares of the technology company’s stock valued at $207,000 after purchasing an additional 280 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Woodward by 4.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 80,051 shares of the technology company’s stock valued at $6,425,000 after purchasing an additional 3,482 shares during the period. Institutional investors own 81.74% of the company’s stock.

Insider Buying and Selling

In related news, Director Gregg C. Sengstack sold 2,045 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $109.56, for a total value of $224,050.20. Following the sale, the director now directly owns 17,450 shares in the company, valued at approximately $1,911,822. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Rajeev Bhalla purchased 461 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were acquired at an average price of $108.23 per share, for a total transaction of $49,894.03. Following the completion of the acquisition, the director now directly owns 1,380 shares of the company’s stock, valued at $149,357.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregg C. Sengstack sold 2,045 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $109.56, for a total transaction of $224,050.20. Following the sale, the director now owns 17,450 shares in the company, valued at approximately $1,911,822. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.

Woodward Stock Down 1.5 %

NASDAQ WWD opened at $107.73 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.21 and a quick ratio of 1.35. The company’s 50 day simple moving average is $97.07 and its 200 day simple moving average is $98.17. Woodward, Inc. has a 12 month low of $79.26 and a 12 month high of $116.24. The company has a market capitalization of $6.43 billion, a P/E ratio of 41.59, a PEG ratio of 2.23 and a beta of 1.46.

Woodward (NASDAQ:WWD – Get Rating) last released its earnings results on Monday, May 1st. The technology company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.24. Woodward had a net margin of 6.12% and a return on equity of 9.39%. The business had revenue of $718.21 million for the quarter, compared to the consensus estimate of $648.42 million. During the same period in the previous year, the firm earned $0.72 EPS. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. Equities research analysts expect that Woodward, Inc. will post 3.62 earnings per share for the current fiscal year.

Woodward Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Investors of record on Monday, May 22nd will be issued a $0.22 dividend. The ex-dividend date is Friday, May 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.82%. Woodward’s payout ratio is currently 33.98%.

Analyst Ratings Changes

WWD has been the subject of a number of analyst reports. Credit Suisse Group boosted their target price on shares of Woodward from $120.00 to $125.00 in a research note on Tuesday, May 2nd. Truist Financial boosted their target price on shares of Woodward from $85.00 to $97.00 in a research note on Tuesday, May 2nd. Barclays boosted their target price on shares of Woodward from $107.00 to $112.00 in a research note on Tuesday. Wells Fargo & Company boosted their target price on shares of Woodward from $106.00 to $109.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 31st. Finally, Alembic Global Advisors upgraded shares of Woodward from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $111.00 to $127.00 in a research report on Wednesday, February 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $104.25.

Woodward Profile

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Woodward, Inc engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aerospace and Industrial. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air and combustion and motion control.