Woodward, Inc. (NASDAQ:WWD) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in Woodward, Inc. (NASDAQ:WWD) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,130 shares of the technology company’s stock after acquiring an additional 6,134 shares during the period. Quantinno Capital Management LP owned 0.07% of Woodward worth $7,011,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Naya Capital Management UK Ltd. boosted its position in shares of Woodward by 130.2% during the fourth quarter. Naya Capital Management UK Ltd. now owns 1,328,765 shares of the technology company’s stock worth $221,133,000 after buying an additional 751,541 shares during the period. Norges Bank acquired a new position in shares of Woodward during the fourth quarter worth approximately $120,220,000. Farallon Capital Management LLC boosted its position in shares of Woodward by 31.8% during the fourth quarter. Farallon Capital Management LLC now owns 1,521,300 shares of the technology company’s stock worth $253,175,000 after buying an additional 367,300 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Woodward during the fourth quarter worth approximately $31,187,000. Finally, Duquesne Family Office LLC boosted its position in shares of Woodward by 15.9% during the fourth quarter. Duquesne Family Office LLC now owns 1,225,750 shares of the technology company’s stock worth $203,989,000 after buying an additional 168,035 shares during the period. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Woodward Price Performance

Shares of NASDAQ:WWD opened at $209.79 on Friday. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 2.37 and a beta of 1.24. Woodward, Inc. has a 12 month low of $145.98 and a 12 month high of $210.00. The stock’s 50 day moving average price is $182.45 and its 200 day moving average price is $180.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 1.19.

Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Monday, April 28th. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.25. The company had revenue of $883.63 million for the quarter, compared to analysts’ expectations of $838.61 million. Woodward had a return on equity of 16.76% and a net margin of 11.18%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 earnings per share. Equities research analysts anticipate that Woodward, Inc. will post 6.15 earnings per share for the current fiscal year.

Woodward Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.12 annualized dividend and a dividend yield of 0.53%. Woodward’s dividend payout ratio is currently 18.09%.

Insider Buying and Selling at Woodward

In other Woodward news, Director John D. Cohn sold 2,800 shares of the business’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $191.52, for a total transaction of $536,256.00. Following the sale, the director now directly owns 20,965 shares of the company’s stock, valued at $4,015,216.80. The trade was a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregg C. Sengstack sold 4,600 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $187.86, for a total transaction of $864,156.00. Following the sale, the director now directly owns 17,450 shares in the company, valued at approximately $3,278,157. This trade represents a 20.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,700 shares of company stock valued at $5,751,700. Corporate insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WWD shares. Deutsche Bank Aktiengesellschaft set a $187.00 price objective on Woodward and gave the stock a “hold” rating in a research report on Monday, April 14th. Wells Fargo & Company boosted their price objective on Woodward from $175.00 to $193.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. Truist Financial boosted their price objective on Woodward from $205.00 to $209.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. StockNews.com upgraded Woodward from a “hold” rating to a “buy” rating in a research report on Tuesday, April 29th. Finally, UBS Group boosted their target price on Woodward from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Woodward has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Woodward Profile

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.