Bryce Point Capital LLC Invests $1.47 Million in Woodward, Inc. (NASDAQ:WWD)

Bryce Point Capital LLC purchased a new position in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,816 shares of the technology company's stock, valued at approximately $1,467,000.

Other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC bought a new stake in Woodward during the third quarter worth approximately $28,000. Berbice Capital Management LLC acquired a new stake in shares of Woodward in the fourth quarter valued at $33,000. NBT Bank N A NY acquired a new stake in Woodward during the fourth quarter valued at approximately $34,000. Mather Group LLC. raised its position in shares of Woodward by 44.8% during the fourth quarter. Mather Group LLC. now owns 278 shares of the technology company's stock worth $46,000 after purchasing an additional 86 shares during the period. Finally, R Squared Ltd acquired a new stake in Woodward during the 4th quarter worth about $57,000. 81.18% of the stock is owned by institutional investors and hedge funds.

Woodward Stock Down 2.3 %

Shares of WWD stock traded down $3.61 on Monday, hitting $153.68. The company's stock had a trading volume of 381,690 shares, compared to its average volume of 463,251. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 2.37 and a beta of 1.12. Woodward, Inc. has a fifty-two week low of $144.45 and a fifty-two week high of $201.64. The firm's fifty day moving average price is $184.93 and its 200-day moving average price is $177.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 1.19.

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Woodward (NASDAQ:WWD - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The technology company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates 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 previous year, the company earned $1.45 earnings per share. Research analysts anticipate that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This is a positive change from Woodward's previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a yield of 0.73%. Woodward's dividend payout ratio (DPR) is presently 18.76%.

Insiders Place Their Bets

In related news, Director Gregg C. Sengstack sold 4,600 shares of the company'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 completion of the transaction, the director now directly owns 17,450 shares in the company, valued at $3,278,157. This represents a 20.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Thomas G. Cromwell sold 3,300 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $194.36, for a total transaction of $641,388.00. Following the completion of the sale, the chief operating officer now owns 15,477 shares in the company, valued at $3,008,109.72. This represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,900 shares of company stock valued at $5,215,444 in the last quarter. Insiders own 0.82% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on WWD. StockNews.com lowered Woodward from a "buy" rating to a "hold" rating in a report on Thursday. UBS Group upped their price objective on shares of Woodward from $216.00 to $232.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Truist Financial lifted their target price on shares of Woodward from $226.00 to $229.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company upped their price target on shares of Woodward from $193.00 to $205.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Woodward presently has a consensus rating of "Hold" and a consensus target price of $197.38.

About Woodward

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.