Advisor Group Holdings Inc. trimmed its position in shares of Woodward, Inc. (NASDAQ:WWD – Get Rating) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,185 shares of the technology company’s stock after selling 263 shares during the quarter. Advisor Group Holdings Inc. owned approximately 0.09% of Woodward worth $5,041,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in WWD. Quadrant Capital Group LLC grew its stake in Woodward by 226.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 307 shares of the technology company’s stock valued at $25,000 after acquiring an additional 213 shares during the period. Rockefeller Capital Management L.P. grew its stake in Woodward by 210.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 696 shares of the technology company’s stock valued at $55,000 after acquiring an additional 472 shares during the period. Shell Asset Management Co. acquired a new stake in Woodward in the 3rd quarter valued at $106,000. Itau Unibanco Holding S.A. acquired a new stake in Woodward in the 3rd quarter valued at $110,000. Finally, Captrust Financial Advisors grew its stake in Woodward by 46.9% in the 1st quarter. Captrust Financial Advisors now owns 877 shares of the technology company’s stock valued at $110,000 after acquiring an additional 280 shares during the period. 81.74% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Truist Financial lifted their target price on shares of Woodward from $85.00 to $97.00 in a research note on Tuesday, May 2nd. Alembic Global Advisors upgraded Woodward from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $111.00 to $127.00 in a report on Wednesday, February 1st. Barclays lifted their price target on Woodward from $107.00 to $112.00 in a report on Tuesday, May 9th. Credit Suisse Group lifted their price target on Woodward from $120.00 to $125.00 in a report on Tuesday, May 2nd. Finally, StockNews.com started coverage on Woodward in a report on Thursday, May 18th. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Woodward has a consensus rating of “Hold” and a consensus price target of $104.25.
Woodward Stock Performance
Woodward (NASDAQ:WWD – Get Rating) last announced its quarterly earnings results on Monday, May 1st. The technology company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.24. The firm had revenue of $718.21 million during the quarter, compared to the consensus estimate of $648.42 million. Woodward had a return on equity of 9.39% and a net margin of 6.12%. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 earnings per share. Research analysts predict that Woodward, Inc. will post 3.58 EPS for the current fiscal year.
Woodward Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 5th. Stockholders of record on Monday, May 22nd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, May 19th. Woodward’s payout ratio is currently 33.98%.
Insider Activity
In other news, Director Gregg C. Sengstack sold 2,045 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $109.56, for a total value of $224,050.20. Following the completion of the sale, the director now directly owns 17,450 shares of the company’s stock, valued at $1,911,822. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Rajeev Bhalla purchased 461 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was acquired at an average price of $108.23 per share, for a total transaction of $49,894.03. Following the completion of the purchase, the director now directly owns 1,380 shares of the company’s stock, valued at $149,357.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gregg C. Sengstack sold 2,045 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $109.56, for a total value of $224,050.20. Following the sale, the director now owns 17,450 shares of the company’s stock, valued at approximately $1,911,822. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.
Woodward Profile
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.
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