TCI Wealth Advisors Inc. Has $3.07 Million Position in Woodward, Inc. $WWD

TCI Wealth Advisors Inc. lessened its position in Woodward, Inc. (NASDAQ:WWD) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,538 shares of the technology company’s stock after selling 595 shares during the period. TCI Wealth Advisors Inc.’s holdings in Woodward were worth $3,073,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WWD. Tidal Investments LLC increased its holdings in Woodward by 19.0% in the 4th quarter. Tidal Investments LLC now owns 3,259 shares of the technology company’s stock worth $542,000 after purchasing an additional 521 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Woodward by 56.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,117 shares of the technology company’s stock worth $3,348,000 after purchasing an additional 7,248 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Woodward by 191.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 166 shares of the technology company’s stock worth $30,000 after purchasing an additional 109 shares in the last quarter. GAMMA Investing LLC increased its holdings in Woodward by 44,162.8% in the 1st quarter. GAMMA Investing LLC now owns 472,284 shares of the technology company’s stock worth $86,187,000 after purchasing an additional 471,217 shares in the last quarter. Finally, Fiduciary Alliance LLC increased its holdings in Woodward by 6.6% in the 1st quarter. Fiduciary Alliance LLC now owns 8,167 shares of the technology company’s stock worth $1,490,000 after purchasing an additional 508 shares in the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on WWD. UBS Group upped their price target on Woodward from $283.00 to $299.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Zacks Research lowered Woodward from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. The Goldman Sachs Group upped their price target on Woodward from $229.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Northcoast Research upgraded Woodward to a “hold” rating in a research report on Friday, July 25th. Finally, Barclays upped their price target on Woodward from $200.00 to $260.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Woodward has a consensus rating of “Moderate Buy” and an average price target of $253.11.

Woodward Stock Up 2.7%

Shares of Woodward stock opened at $243.96 on Friday. Woodward, Inc. has a one year low of $146.82 and a one year high of $267.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.04 and a quick ratio of 1.39. The stock’s 50-day moving average is $247.89 and its 200 day moving average is $221.07. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 2.58 and a beta of 1.27.

Woodward (NASDAQ:WWD) last announced its earnings results on Monday, July 28th. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.62 by $0.14. Woodward had a return on equity of 16.57% and a net margin of 11.32%.The company had revenue of $915.45 million for the quarter, compared to analyst estimates of $884.98 million. During the same quarter in the prior year, the company earned $1.63 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Woodward has set its FY 2025 guidance at 6.500-6.750 EPS. Equities research analysts anticipate that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, November 20th. This represents a $1.12 annualized dividend and a dividend yield of 0.5%. Woodward’s dividend payout ratio is presently 17.72%.

Insider Activity

In other Woodward news, Director John D. Cohn sold 1,750 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $244.32, for a total value of $427,560.00. Following the transaction, the director owned 20,963 shares in the company, valued at approximately $5,121,680.16. This represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Randall Hobbs sold 846 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $250.00, for a total value of $211,500.00. Following the completion of the transaction, the executive vice president owned 48,981 shares in the company, valued at approximately $12,245,250. The trade was a 1.70% decrease in their position. The disclosure for this sale can be found here. 0.82% of the stock is owned by corporate insiders.

Woodward Company 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.