Ingalls & Snyder LLC Invests $1.70 Million in Woodward, Inc. (NASDAQ:WWD)

Ingalls & Snyder LLC acquired a new stake in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,900 shares of the technology company's stock, valued at approximately $1,698,000.

Other institutional investors have also modified their holdings of the company. Tidal Investments LLC raised its holdings in shares of Woodward by 66.9% in the 1st quarter. Tidal Investments LLC now owns 2,548 shares of the technology company's stock valued at $393,000 after purchasing an additional 1,021 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Woodward in the 1st quarter worth $229,000. GAMMA Investing LLC lifted its stake in shares of Woodward by 82.8% during the 2nd quarter. GAMMA Investing LLC now owns 660 shares of the technology company's stock worth $115,000 after purchasing an additional 299 shares during the last quarter. Park Avenue Securities LLC boosted its position in Woodward by 2.4% during the second quarter. Park Avenue Securities LLC now owns 3,277 shares of the technology company's stock valued at $571,000 after purchasing an additional 76 shares in the last quarter. Finally, CWM LLC grew its stake in Woodward by 2.8% in the second quarter. CWM LLC now owns 12,349 shares of the technology company's stock valued at $2,153,000 after purchasing an additional 340 shares during the last quarter. 81.18% of the stock is owned by hedge funds and other institutional investors.

Woodward Stock Performance

NASDAQ WWD traded up $2.16 on Wednesday, hitting $183.33. 237,573 shares of the company's stock traded hands, compared to its average volume of 433,728. The firm's 50-day moving average price is $169.76 and its two-hundred day moving average price is $170.99. The firm has a market capitalization of $10.84 billion, a PE ratio of 30.14, a P/E/G ratio of 1.89 and a beta of 1.38. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26. Woodward, Inc. has a 1-year low of $131.12 and a 1-year high of $201.64.

Woodward (NASDAQ:WWD - Get Free Report) last posted its quarterly earnings results on Monday, November 25th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.22 by $0.19. The company had revenue of $855.00 million for the quarter, compared to analyst estimates of $810.39 million. Woodward had a net margin of 11.22% and a return on equity of 17.13%. The firm's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.33 earnings per share. As a group, analysts expect that Woodward, Inc. will post 5.97 EPS for the current year.

Woodward Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward's dividend payout ratio is currently 16.64%.

Insider Buying and Selling at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $174.50, for a total value of $1,745,000.00. Following the completion of the transaction, the chief operating officer now owns 11,511 shares of the company's stock, valued at approximately $2,008,669.50. The trade was a 46.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 47,913 shares of company stock valued at $8,502,604. 1.12% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WWD has been the topic of a number of recent analyst reports. Truist Financial restated a "buy" rating and issued a $226.00 price target (up from $187.00) on shares of Woodward in a report on Tuesday, November 26th. StockNews.com raised Woodward from a "hold" rating to a "buy" rating in a research report on Monday. Barclays raised their price objective on Woodward from $175.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Tuesday. TD Cowen reaffirmed a "hold" rating and set a $160.00 target price (down from $186.00) on shares of Woodward in a research report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Woodward from $158.00 to $162.00 and gave the stock a "hold" rating in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $187.44.

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.