Envestnet Asset Management Inc. boosted its holdings in Woodward, Inc. (NASDAQ:WWD – Free Report) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,118 shares of the technology company’s stock after purchasing an additional 4,606 shares during the quarter. Envestnet Asset Management Inc. owned about 0.15% of Woodward worth $8,677,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of Woodward by 265.4% during the first quarter. CWM LLC now owns 380 shares of the technology company’s stock valued at $37,000 after acquiring an additional 276 shares in the last quarter. TFC Financial Management Inc. bought a new stake in shares of Woodward during the fourth quarter valued at approximately $43,000. Johnson Financial Group Inc. bought a new stake in shares of Woodward during the fourth quarter valued at approximately $58,000. State of Wyoming increased its holdings in shares of Woodward by 66.9% during the fourth quarter. State of Wyoming now owns 821 shares of the technology company’s stock valued at $79,000 after acquiring an additional 329 shares in the last quarter. Finally, Bessemer Group Inc. bought a new stake in shares of Woodward during the first quarter valued at approximately $104,000. 79.63% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently commented on WWD. The Goldman Sachs Group boosted their price objective on Woodward from $92.00 to $103.00 and gave the company a “sell” rating in a report on Friday, August 4th. Wells Fargo & Company upped their price target on Woodward from $110.00 to $128.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 1st. Barclays upped their price target on Woodward from $112.00 to $128.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. TD Cowen upgraded Woodward from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $135.00 to $160.00 in a report on Tuesday. Finally, StockNews.com assumed coverage on Woodward in a report on Thursday, August 17th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $120.56.
Woodward Stock Up 0.1 %
WWD stock opened at $130.26 on Thursday. The stock’s fifty day simple moving average is $123.72 and its two-hundred day simple moving average is $109.93. The company has a current ratio of 2.54, a quick ratio of 1.63 and a debt-to-equity ratio of 0.31. Woodward, Inc. has a 1-year low of $79.26 and a 1-year high of $133.15. The stock has a market cap of $7.87 billion, a P/E ratio of 39.23, a P/E/G ratio of 2.32 and a beta of 1.45.
Woodward (NASDAQ:WWD – Get Free Report) last posted its quarterly earnings data on Monday, July 31st. The technology company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.40. Woodward had a return on equity of 11.46% and a net margin of 7.34%. The business had revenue of $800.66 million for the quarter, compared to analysts’ expectations of $703.49 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The business’s revenue was up 30.3% on a year-over-year basis. Analysts expect that Woodward, Inc. will post 4.15 EPS for the current year.
Woodward Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Monday, August 14th were given a dividend of $0.22 per share. The ex-dividend date was Friday, August 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.68%. Woodward’s dividend payout ratio is presently 26.51%.
Insider Activity
In other news, Director John D. Cohn sold 2,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $126.71, for a total transaction of $253,420.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $2,534,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director John D. Cohn sold 2,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $126.71, for a total transaction of $253,420.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $2,534,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher Fawzy sold 5,000 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $130.00, for a total value of $650,000.00. Following the transaction, the vice president now directly owns 4,989 shares in the company, valued at approximately $648,570. The disclosure for this sale can be found here. Insiders have sold 11,079 shares of company stock valued at $1,426,185 in the last 90 days. Insiders own 1.19% of the company’s stock.
About Woodward
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through 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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