Victory Capital Management Inc. decreased its position in Woodward, Inc. (NASDAQ:WWD – Get Rating) by 3.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,525 shares of the technology company’s stock after selling 230 shares during the period. Victory Capital Management Inc.’s holdings in Woodward were worth $824,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in Woodward by 33.9% in the 3rd quarter. LPL Financial LLC now owns 17,947 shares of the technology company’s stock valued at $2,047,000 after acquiring an additional 4,543 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Woodward by 16.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,310 shares of the technology company’s stock valued at $581,000 after acquiring an additional 760 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Woodward by 7,400.0% during the 4th quarter. Lindbrook Capital LLC now owns 1,425 shares of the technology company’s stock worth $156,000 after purchasing an additional 1,406 shares during the last quarter. Yousif Capital Management LLC acquired a new position in shares of Woodward during the 4th quarter worth approximately $3,638,000. Finally, Inspire Investing LLC acquired a new position in shares of Woodward during the 3rd quarter worth approximately $231,000. Hedge funds and other institutional investors own 80.05% of the company’s stock.
Several research firms have weighed in on WWD. Cowen lowered their price target on Woodward from $130.00 to $125.00 in a research report on Tuesday, May 3rd. TheStreet lowered Woodward from a “b” rating to a “c+” rating in a research report on Monday, January 31st. Truist Financial lowered their price target on Woodward from $143.00 to $138.00 in a research report on Tuesday, May 3rd. Cowen lowered their price target on Woodward from $130.00 to $125.00 in a research report on Tuesday, May 3rd. Finally, William Blair reissued an “outperform” rating on shares of Woodward in a report on Thursday, March 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $125.38.
Woodward (NASDAQ:WWD – Get Rating) last issued its quarterly earnings data on Monday, May 2nd. The technology company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.14). Woodward had a net margin of 7.85% and a return on equity of 8.53%. During the same period last year, the business earned $1.04 earnings per share. On average, equities analysts anticipate that Woodward, Inc. will post 3.31 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 17th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Monday, May 16th. Woodward’s dividend payout ratio is 28.04%.
In related news, CEO Charles P. Blankenship bought 500 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was purchased at an average cost of $98.10 per share, for a total transaction of $49,050.00. Following the transaction, the chief executive officer now owns 1,100 shares in the company, valued at approximately $107,910. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas A. Gendron sold 70,895 shares of the company’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $122.19, for a total value of $8,662,660.05. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
Woodward Company Profile (Get Rating)
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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