Woodward, Inc. (NASDAQ:WWD) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its holdings in Woodward, Inc. (NASDAQ:WWD - Free Report) by 32.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,862 shares of the technology company's stock after purchasing an additional 2,176 shares during the period. Jones Financial Companies Lllp's holdings in Woodward were worth $1,475,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WWD. True Wealth Design LLC purchased a new position in Woodward in the 3rd quarter valued at about $28,000. Berbice Capital Management LLC purchased a new position in Woodward during the fourth quarter worth about $33,000. Capital Performance Advisors LLP purchased a new stake in Woodward in the 3rd quarter valued at about $41,000. Mather Group LLC. increased its stake 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 acquiring an additional 86 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Woodward during the 4th quarter worth about $57,000. 81.18% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Gregg C. Sengstack sold 4,600 shares of the business's stock in a transaction dated 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. The trade was a 20.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.82% of the company's stock.

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Analyst Ratings Changes

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

Woodward Stock Up 2.7 %

Shares of NASDAQ:WWD traded up $4.69 during mid-day trading on Tuesday, hitting $177.93. 607,812 shares of the company traded hands, compared to its average volume of 459,788. The firm has a market cap of $10.56 billion, a P/E ratio of 29.80, a PEG ratio of 2.37 and a beta of 1.39. Woodward, Inc. has a 52-week low of $144.13 and a 52-week high of $201.64. The firm's 50 day simple moving average is $184.29 and its 200 day simple moving average is $174.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.89.

Woodward (NASDAQ:WWD - Get Free Report) last posted 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 quarter in the previous year, the company earned $1.45 EPS. On average, equities analysts anticipate that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. This is a positive change 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 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.