Farther Finance Advisors LLC Boosts Holdings in Woodward, Inc. (NASDAQ:WWD)

Farther Finance Advisors LLC grew its holdings in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) by 85.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,919 shares of the technology company's stock after acquiring an additional 3,188 shares during the quarter. Farther Finance Advisors LLC's holdings in Woodward were worth $1,151,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. State Street Corp boosted its position in shares of Woodward by 4.8% during the 3rd quarter. State Street Corp now owns 2,421,483 shares of the technology company's stock valued at $415,309,000 after acquiring an additional 110,569 shares during the last quarter. Geode Capital Management LLC lifted its position in Woodward by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,278,502 shares of the technology company's stock worth $219,321,000 after buying an additional 59,290 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Woodward by 135.1% in the third quarter. JPMorgan Chase & Co. now owns 992,189 shares of the technology company's stock worth $170,170,000 after buying an additional 570,124 shares in the last quarter. Naya Capital Management UK Ltd. bought a new position in Woodward during the third quarter valued at approximately $99,000,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Woodward by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 503,977 shares of the technology company's stock worth $83,872,000 after acquiring an additional 3,099 shares in the last quarter. Institutional investors own 81.18% of the company's stock.

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Insider Buying and Selling at Woodward

In other news, Director Gregg C. Sengstack sold 4,600 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $187.86, for a total value of $864,156.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.82% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Woodward Price Performance

Shares of Woodward stock traded up $2.36 during trading hours on Wednesday, reaching $187.10. The company's stock had a trading volume of 589,685 shares, compared to its average volume of 443,805. The firm has a 50 day moving average price of $185.33 and a 200-day moving average price of $175.36. Woodward, Inc. has a one year low of $144.45 and a one year high of $201.64. 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 $11.11 billion, a P/E ratio of 31.34, a P/E/G ratio of 2.37 and a beta of 1.39.

Woodward (NASDAQ:WWD - Get Free Report) last issued its quarterly earnings results 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 quarter in the prior year, the business posted $1.45 EPS. On average, analysts predict that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.60%. This is a boost from Woodward's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 20th. 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.