Harbor Investment Advisory LLC boosted its stake in Woodward, Inc. (NASDAQ:WWD – Get Rating) by 21.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,336 shares of the technology company’s stock after purchasing an additional 238 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Woodward were worth $167,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. First Trust Advisors LP increased its holdings in shares of Woodward by 8.2% in the 4th quarter. First Trust Advisors LP now owns 56,174 shares of the technology company’s stock worth $6,149,000 after buying an additional 4,281 shares during the last quarter. Palisade Capital Management LLC NJ increased its holdings in shares of Woodward by 0.8% in the 4th quarter. Palisade Capital Management LLC NJ now owns 166,480 shares of the technology company’s stock worth $18,223,000 after buying an additional 1,393 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Woodward by 24.4% in the 4th quarter. HighTower Advisors LLC now owns 4,257 shares of the technology company’s stock worth $461,000 after buying an additional 834 shares during the last quarter. Swiss National Bank increased its holdings in shares of Woodward by 0.5% in the 4th quarter. Swiss National Bank now owns 133,000 shares of the technology company’s stock worth $14,558,000 after buying an additional 600 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Woodward by 33.9% in the 3rd quarter. LPL Financial LLC now owns 17,947 shares of the technology company’s stock worth $2,047,000 after buying an additional 4,543 shares during the last quarter. Institutional investors and hedge funds own 80.05% of the company’s stock.
In other Woodward news, CEO Charles P. Blankenship purchased 500 shares of the stock in a transaction dated Monday, May 9th. The stock was purchased at an average price of $98.10 per share, with a total value of $49,050.00. Following the transaction, the chief executive officer now owns 1,100 shares of the company’s stock, valued at $107,910. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles P. Blankenship purchased 400 shares of the stock in a transaction dated Thursday, May 19th. The stock was acquired at an average cost of $99.05 per share, with a total value of $39,620.00. Following the transaction, the chief executive officer now directly owns 36,100 shares in the company, valued at approximately $3,575,705. The disclosure for this purchase can be found here. Insiders bought a total of 2,796 shares of company stock valued at $287,428 in the last ninety days. Corporate insiders own 3.90% of the company’s stock.
Shares of WWD stock opened at $93.48 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.61 and a quick ratio of 2.29. The company has a market capitalization of $5.90 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.10 and a beta of 1.50. The company’s 50-day simple moving average is $99.08 and its two-hundred day simple moving average is $110.47. Woodward, Inc. has a one year low of $87.59 and a one year high of $129.12.
Woodward (NASDAQ:WWD – Get Rating) last issued its earnings results on Monday, May 2nd. The technology company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.14). The company had revenue of $586.84 million during the quarter, compared to the consensus estimate of $600.26 million. Woodward had a return on equity of 8.53% and a net margin of 7.85%. During the same quarter in the previous year, the company earned $1.04 earnings per share. On average, research analysts expect that Woodward, Inc. will post 3.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Tuesday, May 17th were given a $0.19 dividend. The ex-dividend date was Monday, May 16th. This represents a $0.76 annualized dividend and a dividend yield of 0.81%. Woodward’s payout ratio is currently 28.04%.
WWD has been the topic of a number of research reports. William Blair restated an “outperform” rating on shares of Woodward in a report on Thursday, March 10th. Jefferies Financial Group raised their price target on shares of Woodward from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, March 10th. StockNews.com assumed coverage on shares of Woodward in a report on Thursday, March 31st. They set a “hold” rating on the stock. Cowen cut their price target on shares of Woodward from $130.00 to $125.00 in a report on Tuesday, May 3rd. Finally, Truist Financial cut their price target on shares of Woodward from $143.00 to $138.00 in a report on Tuesday, May 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Woodward has a consensus rating of “Hold” and a consensus target price of $126.86.
About Woodward: (Get Rating)
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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