Proficio Capital Partners LLC Makes New $2.69 Million Investment in Woodward, Inc. (NASDAQ:WWD)

Proficio Capital Partners LLC bought a new stake in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,143 shares of the technology company's stock, valued at approximately $2,687,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. True Wealth Design LLC bought a new position in Woodward during the 3rd quarter valued at about $28,000. Berbice Capital Management LLC purchased a new stake in shares of Woodward during the 4th quarter valued at about $33,000. Capital Performance Advisors LLP purchased a new stake in shares of Woodward during the 3rd quarter valued at about $41,000. Mather Group LLC. increased its position in shares of Woodward by 44.8% during the 4th quarter. Mather Group LLC. now owns 278 shares of the technology company's stock valued at $46,000 after purchasing an additional 86 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Woodward during the 4th quarter valued at about $57,000. Institutional investors own 81.18% of the company's stock.

Woodward Price Performance

WWD stock traded down $0.94 during midday trading on Friday, hitting $176.35. The company's stock had a trading volume of 550,926 shares, compared to its average volume of 453,251. Woodward, Inc. has a 12 month low of $144.13 and a 12 month high of $201.64. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $10.47 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 2.37 and a beta of 1.39. The company has a 50 day moving average of $184.29 and a two-hundred day moving average of $174.50.

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Woodward (NASDAQ:WWD - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The technology company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.21. Woodward had a return on equity of 16.76% and a net margin of 11.18%. During the same period in the prior year, the business posted $1.45 earnings per share. On average, analysts expect that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.64%. This is an increase from Woodward's previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 20th. Woodward's dividend payout ratio is presently 18.76%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Truist Financial upped their price target on shares of Woodward from $226.00 to $229.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. UBS Group upped their price target on shares of Woodward from $216.00 to $232.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Wells Fargo & Company upped their price target on shares of Woodward from $193.00 to $205.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Barclays increased their target price on shares of Woodward from $175.00 to $200.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 3rd. Finally, StockNews.com raised shares of Woodward from a "hold" rating to a "buy" rating in a report on Friday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $197.38.

Insider Activity

In other news, Director Gregg C. Sengstack sold 4,600 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $187.86, for a total transaction of $864,156.00. Following the completion of the transaction, the director now directly owns 17,450 shares in the company, valued at approximately $3,278,157. This represents a 20.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.82% of the company's stock.

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.