Charles Schwab Investment Management Inc. Grows Stock Holdings in Woodward, Inc. (NASDAQ:WWD)

Charles Schwab Investment Management Inc. lifted its stake in shares of Woodward, Inc. (NASDAQ:WWDFree Report) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 500,991 shares of the technology company’s stock after acquiring an additional 4,147 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Woodward were worth $68,200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WWD. Vanguard Group Inc. raised its position in Woodward by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,721,250 shares of the technology company’s stock valued at $710,923,000 after purchasing an additional 59,884 shares in the last quarter. Earnest Partners LLC increased its position in Woodward by 6.3% during the 3rd quarter. Earnest Partners LLC now owns 1,062,665 shares of the technology company’s stock valued at $132,047,000 after purchasing an additional 62,897 shares during the period. FMR LLC boosted its stake in shares of Woodward by 6.5% during the third quarter. FMR LLC now owns 998,396 shares of the technology company’s stock valued at $124,061,000 after purchasing an additional 61,216 shares in the last quarter. Hawk Ridge Capital Management LP boosted its stake in shares of Woodward by 61.9% during the third quarter. Hawk Ridge Capital Management LP now owns 490,042 shares of the technology company’s stock valued at $60,893,000 after purchasing an additional 187,300 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Woodward by 12.0% during the third quarter. Sei Investments Co. now owns 381,273 shares of the technology company’s stock worth $47,377,000 after buying an additional 40,957 shares during the period. Institutional investors own 81.18% of the company’s stock.

Analyst Ratings Changes

WWD has been the subject of several recent research reports. Barclays boosted their price target on Woodward from $140.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. The Goldman Sachs Group raised their price target on shares of Woodward from $159.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft increased their price objective on Woodward from $182.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Wells Fargo & Company raised their price target on shares of Woodward from $156.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Finally, Truist Financial upped their price objective on shares of Woodward from $143.00 to $152.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $173.13.

Read Our Latest Research Report on WWD

Insider Buying and Selling at Woodward

In related news, EVP Christopher Fawzy sold 11,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $140.00, for a total transaction of $1,540,000.00. Following the completion of the transaction, the executive vice president now owns 4,836 shares of the company’s stock, valued at approximately $677,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Christopher Fawzy sold 11,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $140.00, for a total transaction of $1,540,000.00. Following the sale, the executive vice president now owns 4,836 shares of the company’s stock, valued at $677,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas G. Cromwell sold 38,700 shares of Woodward stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $141.98, for a total transaction of $5,494,626.00. Following the completion of the transaction, the chief operating officer now owns 11,833 shares of the company’s stock, valued at approximately $1,680,049.34. The disclosure for this sale can be found here. Insiders sold a total of 57,200 shares of company stock worth $8,244,976 over the last three months. Insiders own 1.12% of the company’s stock.

Woodward Stock Up 0.2 %

Shares of WWD opened at $177.22 on Wednesday. Woodward, Inc. has a 52-week low of $105.18 and a 52-week high of $180.35. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $155.23 and a two-hundred day simple moving average of $142.43. The company has a market capitalization of $10.79 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31.

Woodward (NASDAQ:WWDGet Free Report) last posted its earnings results on Monday, April 29th. The technology company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.34. The company had revenue of $835.34 million for the quarter, compared to analyst estimates of $807.04 million. Woodward had a net margin of 11.09% and a return on equity of 16.50%. Woodward’s revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. As a group, equities analysts forecast that Woodward, Inc. will post 5.89 EPS for the current year.

Woodward Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Tuesday, May 21st. Woodward’s payout ratio is 17.48%.

Woodward Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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