Elwood Capital Partners LP Takes $832,000 Position in Woodward, Inc. (NASDAQ:WWD)

Elwood Capital Partners LP bought a new position in Woodward, Inc. (NASDAQ:WWD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,000 shares of the technology company's stock, valued at approximately $832,000. Woodward makes up about 0.8% of Elwood Capital Partners LP's holdings, making the stock its 21st largest position.

A number of other institutional investors have also recently made changes to their positions in WWD. True Wealth Design LLC purchased a new stake in shares of Woodward during the 3rd quarter valued at about $28,000. Berbice Capital Management LLC bought a new stake in Woodward in the 4th quarter worth approximately $33,000. NBT Bank N A NY purchased a new stake in Woodward during the 4th quarter valued at $34,000. Mather Group LLC. lifted its holdings 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 buying an additional 86 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Woodward in the fourth quarter worth $57,000. Hedge funds and other institutional investors own 81.18% of the company's stock.

Wall Street Analyst Weigh In

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

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Insider Buying and Selling

In related news, COO Thomas G. Cromwell sold 10,000 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $186.49, for a total transaction of $1,864,900.00. Following the sale, the chief operating officer now owns 15,477 shares in the company, valued at approximately $2,886,305.73. This trade represents a 39.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregg C. Sengstack sold 4,600 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $187.86, for a total transaction 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 27,900 shares of company stock worth $5,215,444. 0.82% of the stock is owned by company insiders.

Woodward Stock Up 1.6 %

NASDAQ WWD traded up $3.00 on Wednesday, hitting $190.14. The stock had a trading volume of 336,428 shares, compared to its average volume of 462,267. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 1.19. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 2.37 and a beta of 1.39. Woodward, Inc. has a 52-week low of $144.45 and a 52-week high of $201.64. The business's fifty day moving average price is $185.83 and its 200 day moving average price is $177.14.

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

Woodward Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.59%. This is a boost from Woodward's previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 20th. Woodward's dividend payout ratio (DPR) is presently 18.76%.

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.