Argentarii LLC Invests $481,000 in Woodward, Inc. (NASDAQ:WWD)

Argentarii LLC bought a new position in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 2,891 shares of the technology company's stock, valued at approximately $481,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its position in shares of Woodward by 2.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 27,288 shares of the technology company's stock worth $4,680,000 after acquiring an additional 677 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Woodward in the 3rd quarter worth about $41,000. Bridges Investment Management Inc. raised its position in shares of Woodward by 27.6% in the 3rd quarter. Bridges Investment Management Inc. now owns 5,460 shares of the technology company's stock worth $936,000 after acquiring an additional 1,180 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Woodward by 21.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,550 shares of the technology company's stock worth $780,000 after acquiring an additional 818 shares in the last quarter. Finally, Alaska Wealth Advisors bought a new position in shares of Woodward in the 3rd quarter worth about $247,000. 81.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Woodward

In other news, Director Gregg C. Sengstack sold 4,600 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $187.86, for a total value of $864,156.00. Following the transaction, the director now owns 17,450 shares in the company, valued at $3,278,157. The trade was a 20.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.82% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. UBS Group lifted their price objective on Woodward from $216.00 to $232.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Truist Financial boosted their target price on Woodward from $226.00 to $229.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. StockNews.com raised Woodward from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Wells Fargo & Company boosted their target price on Woodward from $193.00 to $205.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Finally, Barclays boosted their target price on Woodward from $175.00 to $200.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 3rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $197.38.

Woodward Stock Up 0.5 %

WWD stock traded up $0.90 during mid-day trading on Wednesday, reaching $178.83. 469,357 shares of the company traded hands, compared to its average volume of 459,993. The stock has a market cap of $10.62 billion, a price-to-earnings ratio of 29.95, a P/E/G ratio of 2.37 and a beta of 1.39. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 0.22. Woodward, Inc. has a fifty-two week low of $144.29 and a fifty-two week high of $201.64. The firm's 50 day moving average price is $184.62 and its 200 day moving average price is $174.82.

Woodward (NASDAQ:WWD - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the company posted $1.45 earnings per share. As a group, equities research analysts predict that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, February 20th. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. This is an increase from Woodward's previous quarterly dividend of $0.25. Woodward's payout ratio is 18.76%.

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.