Fox Run Management L.L.C. Purchases 6,221 Shares of Woodward, Inc. (NASDAQ:WWD)

Fox Run Management L.L.C. boosted its position in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) by 194.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,416 shares of the technology company's stock after purchasing an additional 6,221 shares during the period. Fox Run Management L.L.C.'s holdings in Woodward were worth $1,567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Atria Wealth Solutions Inc. purchased a new position in Woodward during the fourth quarter worth about $465,000. JPMorgan Chase & Co. grew its stake in shares of Woodward by 135.1% during the third quarter. JPMorgan Chase & Co. now owns 992,189 shares of the technology company's stock worth $170,170,000 after purchasing an additional 570,124 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Woodward in the third quarter valued at approximately $2,547,000. PEAK6 Investments LLC purchased a new position in shares of Woodward in the 3rd quarter valued at $2,448,000. Finally, Citigroup Inc. lifted its holdings in shares of Woodward by 12.1% in the 3rd quarter. Citigroup Inc. now owns 64,153 shares of the technology company's stock valued at $11,003,000 after purchasing an additional 6,917 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WWD has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of Woodward from $226.00 to $229.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. StockNews.com upgraded shares of 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 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. Barclays upped their target price on Woodward from $175.00 to $200.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 3rd. Finally, UBS Group lifted their price target on shares of Woodward from $216.00 to $232.00 and gave the company a "buy" 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.com, Woodward has a consensus rating of "Moderate Buy" and an average target price of $197.38.

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Insider Transactions at Woodward

In related 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 transaction of $864,156.00. Following the transaction, the director now directly owns 17,450 shares of the company's stock, valued at approximately $3,278,157. The trade was a 20.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas G. Cromwell sold 10,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $184.50, for a total value of $1,845,000.00. Following the completion of the sale, the chief operating officer now owns 15,477 shares of the company's stock, valued at $2,855,506.50. This trade represents a 39.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.82% of the stock is owned by company insiders.

Woodward Stock Up 0.0 %

NASDAQ WWD traded up $0.07 on Tuesday, reaching $192.19. The stock had a trading volume of 133,659 shares, compared to its average volume of 449,822. The company has a market capitalization of $11.41 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 2.37 and a beta of 1.39. The business has a 50 day moving average price of $185.90 and a 200 day moving average price of $176.07. 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 1 year low of $144.45 and a 1 year high of $201.64.

Woodward (NASDAQ:WWD - Get Free Report) last announced its earnings results on Monday, February 3rd. The technology company reported $1.35 EPS for the quarter, topping 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 prior year, the firm posted $1.45 EPS. On average, 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. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.58%. This is a boost from Woodward's previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 20th. Woodward's payout ratio is currently 18.76%.

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.