Charles Schwab Investment Management Inc. Has $83.87 Million Holdings in Woodward, Inc. (NASDAQ:WWD)

Charles Schwab Investment Management Inc. boosted its holdings in Woodward, Inc. (NASDAQ:WWD - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 503,977 shares of the technology company's stock after buying an additional 3,099 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.85% of Woodward worth $83,872,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in Woodward during the third quarter worth $41,000. Crossmark Global Holdings Inc. grew its holdings in shares of Woodward by 21.9% in the third quarter. Crossmark Global Holdings Inc. now owns 4,550 shares of the technology company's stock worth $780,000 after purchasing an additional 818 shares during the last quarter. Alaska Wealth Advisors bought a new position in Woodward in the third quarter worth about $247,000. Harbour Investments Inc. grew its holdings in Woodward by 10.7% in the third quarter. Harbour Investments Inc. now owns 2,093 shares of the technology company's stock worth $359,000 after purchasing an additional 202 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new position in Woodward in the third quarter worth about $3,923,000. Institutional investors and hedge funds own 81.18% of the company's stock.

Woodward Stock Performance

WWD traded up $1.71 on Wednesday, reaching $179.64. The company had a trading volume of 170,656 shares, compared to its average volume of 453,051. 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 stock has a market capitalization of $10.66 billion, a PE ratio of 30.05, a P/E/G ratio of 2.37 and a beta of 1.39. The stock has a 50-day moving average price of $184.62 and a 200-day moving average price of $174.82. Woodward, Inc. has a 1 year low of $144.29 and a 1 year high of $201.64.

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Woodward (NASDAQ:WWD - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The technology company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.14 by $0.21. Woodward had a net margin of 11.18% and a return on equity of 16.76%. During the same period in the previous year, the business earned $1.45 earnings per share. As a group, research analysts forecast that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were issued a $0.28 dividend. The ex-dividend date was Thursday, February 20th. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. This is an increase from Woodward's previous quarterly dividend of $0.25. Woodward's dividend payout ratio is currently 18.76%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WWD shares. Barclays raised their price objective on Woodward from $175.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 3rd. 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. UBS Group raised their price target on shares of Woodward from $216.00 to $232.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Wells Fargo & Company increased their price objective on shares of Woodward from $193.00 to $205.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Finally, StockNews.com raised Woodward from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Woodward presently has an average rating of "Moderate Buy" and an average target price of $197.38.

Insider Transactions at Woodward

In other Woodward news, Director Gregg C. Sengstack sold 4,600 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $187.86, for a total value of $864,156.00. Following the sale, the director now directly owns 17,450 shares in the company, valued at approximately $3,278,157. The trade was a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.82% of the company's stock.

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.