Dynamic Technology Lab Private Ltd Takes $1.52 Million Position in Woodward, Inc. (NASDAQ:WWD)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 9,157 shares of the technology company's stock, valued at approximately $1,524,000.

Several other large investors have also modified their holdings of WWD. Landscape Capital Management L.L.C. boosted its position in shares of Woodward by 145.0% in the 4th quarter. Landscape Capital Management L.L.C. now owns 6,751 shares of the technology company's stock valued at $1,124,000 after purchasing an additional 3,996 shares during the period. Bryce Point Capital LLC acquired a new stake in shares of Woodward in the fourth quarter valued at approximately $1,467,000. Trexquant Investment LP grew its position in shares of Woodward by 106.7% during the fourth quarter. Trexquant Investment LP now owns 68,504 shares of the technology company's stock worth $11,400,000 after acquiring an additional 35,359 shares during the last quarter. Elwood Capital Partners LP acquired a new position in shares of Woodward in the 4th quarter valued at $832,000. Finally, Geode Capital Management LLC raised its position in Woodward by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,302,237 shares of the technology company's stock valued at $216,771,000 after purchasing an additional 23,735 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company's stock.

Analyst Ratings Changes

WWD has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Woodward from $205.00 to $172.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Truist Financial boosted their target price on Woodward from $226.00 to $229.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. StockNews.com lowered shares of Woodward from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, UBS Group upped their price objective on shares of Woodward from $216.00 to $232.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $193.25.

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Woodward Price Performance

Shares of WWD traded down $7.34 during trading hours on Thursday, reaching $167.55. The company had a trading volume of 162,516 shares, compared to its average volume of 465,625. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. Woodward, Inc. has a 12-month low of $144.45 and a 12-month high of $201.64. The firm has a 50 day simple moving average of $182.95 and a 200-day simple moving average of $177.01. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 2.37 and a beta of 1.12.

Woodward (NASDAQ:WWD - Get Free Report) last posted its earnings results on Monday, February 3rd. The technology company reported $1.35 earnings per share for the quarter, beating 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 last year, the business earned $1.45 EPS. Research analysts expect that Woodward, Inc. will post 6.15 earnings per share 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 issued a $0.28 dividend. This is a boost from Woodward's previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 20th. This represents a $1.12 annualized dividend and a yield of 0.67%. Woodward's payout ratio is 18.76%.

Insider Activity

In related news, COO Thomas G. Cromwell sold 3,300 shares of the firm's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $194.36, for a total transaction of $641,388.00. Following the sale, the chief operating officer now directly owns 15,477 shares in the company, valued at approximately $3,008,109.72. This trade represents a 17.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gregg C. Sengstack sold 4,600 shares of the company'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 completion of the transaction, the director now owns 17,450 shares of the company's stock, valued at approximately $3,278,157. This represents a 20.86 % decrease in their position. 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 90 days. 0.82% of the stock is currently owned by insiders.

Woodward 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.