Woodward, Inc. (NASDAQ:WWD) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC lessened its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 7.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,636 shares of the technology company’s stock after selling 399 shares during the quarter. Avior Wealth Management LLC’s holdings in Woodward were worth $772,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in WWD. AQR Capital Management LLC boosted its position in Woodward by 7.2% during the 2nd quarter. AQR Capital Management LLC now owns 425,854 shares of the technology company’s stock worth $74,261,000 after acquiring an additional 28,698 shares during the period. Deerfield Management Company L.P. Series C boosted its position in Woodward by 12.6% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 1,648 shares of the technology company’s stock worth $287,000 after acquiring an additional 185 shares during the period. Scientech Research LLC acquired a new position in Woodward during the 2nd quarter worth $878,000. Susquehanna Fundamental Investments LLC raised its stake in shares of Woodward by 124.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 57,587 shares of the technology company’s stock worth $10,042,000 after buying an additional 31,878 shares in the last quarter. Finally, Algert Global LLC raised its stake in shares of Woodward by 16.0% in the 2nd quarter. Algert Global LLC now owns 69,241 shares of the technology company’s stock worth $12,074,000 after buying an additional 9,542 shares in the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Stock Down 0.7 %

Shares of Woodward stock opened at $187.95 on Friday. Woodward, Inc. has a 12-month low of $133.56 and a 12-month high of $201.64. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $11.11 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 2.42 and a beta of 1.39. The stock’s fifty day moving average is $177.74 and its 200-day moving average is $170.31.

Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Monday, November 25th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.19. Woodward had a return on equity of 17.13% and a net margin of 11.22%. The business had revenue of $855.00 million for the quarter, compared to the consensus estimate of $810.39 million. During the same quarter in the previous year, the company posted $1.33 earnings per share. Woodward’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts anticipate that Woodward, Inc. will post 6 earnings per share for the current year.

Woodward Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. Woodward’s dividend payout ratio is 16.64%.

Insider Activity

In other Woodward news, Director John D. Cohn sold 2,400 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $179.57, for a total value of $430,968.00. Following the transaction, the director now owns 20,963 shares in the company, valued at $3,764,325.91. The trade was a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Thomas G. Cromwell sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $174.50, for a total value of $1,745,000.00. Following the completion of the transaction, the chief operating officer now owns 11,511 shares in the company, valued at $2,008,669.50. This trade represents a 46.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,313 shares of company stock worth $10,752,072. 0.82% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WWD shares. Wells Fargo & Company dropped their price objective on Woodward from $197.00 to $193.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. UBS Group boosted their price objective on Woodward from $209.00 to $228.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Truist Financial boosted their price objective on Woodward from $226.00 to $229.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Finally, TD Cowen reissued a “hold” rating and issued a $160.00 price objective (down previously from $186.00) on shares of Woodward in a research note on Friday, October 4th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.11.

About Woodward

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.