Nkcfo LLC Invests $663,000 in Woodward, Inc. (NASDAQ:WWD)

Nkcfo LLC acquired a new stake in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,800 shares of the technology company's stock, valued at approximately $663,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC bought a new stake in Woodward in the first quarter valued at $31,000. Principal Securities Inc. bought a new position in Woodward in the fourth quarter worth about $34,000. Mather Group LLC. purchased a new stake in Woodward in the first quarter worth about $34,000. AlphaCentric Advisors LLC bought a new stake in Woodward during the 2nd quarter valued at approximately $37,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Woodward during the 1st quarter worth approximately $46,000. 81.18% of the stock is owned by institutional investors.

Woodward Stock Up 0.2 %

Shares of NASDAQ WWD traded up $0.27 during midday trading on Friday, hitting $168.04. The stock had a trading volume of 1,116,111 shares, compared to its average volume of 431,343. The company has a market cap of $10.23 billion, a P/E ratio of 29.38, a PEG ratio of 1.71 and a beta of 1.37. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The business's 50 day moving average is $164.67 and its 200-day moving average is $166.10. Woodward, Inc. has a 52 week low of $119.03 and a 52 week high of $188.35.

Woodward (NASDAQ:WWD - Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The technology company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.11. Woodward had a net margin of 11.47% and a return on equity of 17.16%. The firm had revenue of $847.69 million for the quarter, compared to analysts' expectations of $853.29 million. During the same quarter in the prior year, the business earned $1.37 EPS. The business's quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts predict that Woodward, Inc. will post 5.91 EPS for the current year.

Woodward Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.60%. Woodward's payout ratio is 17.48%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. TD Cowen lowered their target price on Woodward from $200.00 to $186.00 and set a "buy" rating for the company in a research note on Tuesday, July 30th. Jefferies Financial Group upgraded shares of Woodward from a "hold" rating to a "buy" rating and boosted their target price for the company from $170.00 to $190.00 in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered shares of Woodward from a "buy" rating to a "hold" rating and decreased their price target for the stock from $197.00 to $158.00 in a research note on Wednesday, July 31st. Truist Financial raised shares of Woodward from a "hold" rating to a "buy" rating and lifted their price target for the company from $152.00 to $187.00 in a research report on Wednesday, August 21st. Finally, The Goldman Sachs Group cut their price objective on shares of Woodward from $228.00 to $201.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $177.11.

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.