State of Alaska Department of Revenue decreased its stake in Woodward, Inc. (NASDAQ:WWD – Get Rating) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,712 shares of the technology company's stock after selling 170 shares during the quarter. State of Alaska Department of Revenue's holdings in Woodward were worth $805,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in WWD. Rockefeller Capital Management L.P. raised its position in shares of Woodward by 43.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 315 shares of the technology company's stock worth $34,000 after purchasing an additional 96 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Woodward during the first quarter worth about $41,000. Captrust Financial Advisors raised its position in shares of Woodward by 46.9% during the first quarter. Captrust Financial Advisors now owns 877 shares of the technology company's stock worth $110,000 after purchasing an additional 280 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Woodward during the fourth quarter worth about $123,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Woodward by 1,142.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,131 shares of the technology company's stock worth $141,000 after purchasing an additional 1,040 shares during the period. Institutional investors and hedge funds own 84.00% of the company's stock.
Get Woodward alerts:Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. Truist Financial lowered Woodward from a "buy" rating to a "hold" rating and dropped their price target for the stock from $121.00 to $88.00 in a research report on Tuesday, August 2nd. Jefferies Financial Group reiterated a "hold" rating and set a $90.00 price objective on shares of Woodward in a report on Wednesday, September 14th. Finally, Wells Fargo & Company decreased their price objective on Woodward from $117.00 to $100.00 and set an "equal weight" rating for the company in a report on Tuesday, August 2nd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Woodward presently has a consensus rating of "Hold" and a consensus price target of $108.83.
Woodward Stock Down 1.4 %
NASDAQ:WWD opened at $80.79 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.77 and a current ratio of 2.95. The stock has a 50-day simple moving average of $95.20 and a 200 day simple moving average of $101.83. The company has a market cap of $4.86 billion, a PE ratio of 30.95, a PEG ratio of 2.24 and a beta of 1.49. Woodward, Inc. has a 52-week low of $79.26 and a 52-week high of $129.12.Woodward (NASDAQ:WWD – Get Rating) last posted its quarterly earnings results on Monday, August 1st. The technology company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.27). The company had revenue of $614.33 million during the quarter, compared to the consensus estimate of $625.04 million. Woodward had a net margin of 7.24% and a return on equity of 8.38%. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 earnings per share. On average, sell-side analysts expect that Woodward, Inc. will post 2.65 EPS for the current fiscal year.
Woodward Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be paid a $0.19 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.76 dividend on an annualized basis and a yield of 0.94%. Woodward's dividend payout ratio is 29.12%.
Insider Buying and Selling at Woodward
In other news, CFO Mark D. Hartman sold 5,300 shares of Woodward stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $92.21, for a total transaction of $488,713.00. Following the completion of the transaction, the chief financial officer now directly owns 2,585 shares in the company, valued at approximately $238,362.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Mark D. Hartman sold 5,300 shares of Woodward stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $92.21, for a total transaction of $488,713.00. Following the completion of the transaction, the chief financial officer now directly owns 2,585 shares in the company, valued at approximately $238,362.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Donovan bought 1,100 shares of Woodward stock in a transaction dated Wednesday, August 3rd. The shares were acquired at an average price of $92.46 per share, with a total value of $101,706.00. Following the completion of the purchase, the director now directly owns 1,100 shares in the company, valued at approximately $101,706. The disclosure for this purchase can be found here. Insiders purchased a total of 17,100 shares of company stock worth $1,622,371 over the last ninety days. 3.90% of the stock is currently owned by corporate insiders.
Woodward Profile
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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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