Cwm LLC Buys 91 Shares of Woodward, Inc. (NASDAQ:WWD)

Cwm LLC raised its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 22.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 491 shares of the technology company’s stock after purchasing an additional 91 shares during the quarter. Cwm LLC’s holdings in Woodward were worth $67,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Venturi Wealth Management LLC raised its holdings in Woodward by 79.3% in the 4th quarter. Venturi Wealth Management LLC now owns 199 shares of the technology company’s stock valued at $27,000 after acquiring an additional 88 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Woodward during the third quarter worth $77,000. Blue Trust Inc. increased its holdings in Woodward by 12.9% in the 4th quarter. Blue Trust Inc. now owns 1,746 shares of the technology company’s stock valued at $217,000 after buying an additional 200 shares during the period. Seven Eight Capital LP acquired a new position in shares of Woodward in the 3rd quarter valued at $283,000. Finally, Toth Financial Advisory Corp bought a new position in shares of Woodward during the 4th quarter worth about $301,000. Institutional investors own 81.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WWD. Alembic Global Advisors lowered shares of Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 price target for the company. in a research report on Thursday, February 1st. Truist Financial increased their price objective on Woodward from $143.00 to $152.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Woodward from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. UBS Group increased their target price on shares of Woodward from $168.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, The Goldman Sachs Group upped their price objective on shares of Woodward from $159.00 to $201.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $173.13.

Woodward Trading Up 1.0 %

WWD opened at $178.14 on Thursday. Woodward, Inc. has a 1-year low of $105.18 and a 1-year high of $179.73. The stock has a market capitalization of $10.85 billion, a PE ratio of 31.14, a PEG ratio of 1.80 and a beta of 1.31. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $152.45 and a two-hundred day moving average price of $140.70.

Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Monday, April 29th. The technology company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.34. Woodward had a net margin of 11.09% and a return on equity of 16.50%. The business had revenue of $835.34 million during the quarter, compared to analyst estimates of $807.04 million. During the same quarter last year, the business posted $1.01 earnings per share. Woodward’s revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, equities analysts anticipate that Woodward, Inc. will post 5.88 earnings per share for the current fiscal year.

Woodward Announces Dividend

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

Insider Buying and Selling

In related news, Director John D. Cohn sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $138.86, for a total transaction of $208,290.00. Following the completion of the sale, the director now directly owns 20,531 shares of the company’s stock, valued at $2,850,934.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Gregg C. Sengstack sold 6,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $167.01, for a total value of $1,002,060.00. Following the completion of the sale, the director now owns 17,450 shares in the company, valued at approximately $2,914,324.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John D. Cohn sold 1,500 shares of Woodward stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $138.86, for a total value of $208,290.00. Following the transaction, the director now owns 20,531 shares in the company, valued at $2,850,934.66. 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. 1.12% of the stock is currently owned by company insiders.

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.