Woodward, Inc. (NASDAQ:WWD) Shares Sold by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. decreased its position in Woodward, Inc. (NASDAQ:WWD - Free Report) by 30.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,135 shares of the technology company's stock after selling 5,793 shares during the period. TCI Wealth Advisors Inc.'s holdings in Woodward were worth $2,253,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Fidelis Capital Partners LLC acquired a new position in shares of Woodward during the 1st quarter worth approximately $31,000. Wolff Wiese Magana LLC purchased a new stake in shares of Woodward in the third quarter valued at $31,000. AlphaCentric Advisors LLC acquired a new stake in shares of Woodward during the second quarter valued at $37,000. UMB Bank n.a. boosted its stake in shares of Woodward by 101.6% during the third quarter. UMB Bank n.a. now owns 246 shares of the technology company's stock valued at $42,000 after acquiring an additional 124 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in Woodward during the 1st quarter worth about $46,000. Hedge funds and other institutional investors own 81.18% of the company's stock.

Woodward Stock Up 0.5 %

WWD stock traded up $0.84 during midday trading on Monday, hitting $164.88. 313,001 shares of the company's stock were exchanged, compared to its average volume of 416,678. The firm has a 50 day moving average price of $164.64 and a 200-day moving average price of $168.86. Woodward, Inc. has a 12-month low of $119.41 and a 12-month high of $188.35. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 1.74 and a beta of 1.37. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26.

Woodward (NASDAQ:WWD - Get Free Report) last released its earnings results 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 company had revenue of $847.69 million during the quarter, compared to the consensus estimate of $853.29 million. During the same quarter in the previous year, the firm earned $1.37 EPS. The company's revenue was up 5.9% on a year-over-year basis. On average, analysts anticipate that Woodward, Inc. will post 5.92 EPS for the current year.

Woodward Announces Dividend

The company 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 dividend yield of 0.61%. The ex-dividend date is Thursday, November 21st. Woodward's dividend payout ratio is currently 17.48%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WWD shares. TD Cowen reissued a "hold" rating and set a $160.00 price target (down previously from $186.00) on shares of Woodward in a research note on Friday, October 4th. Truist Financial raised shares of Woodward from a "hold" rating to a "buy" rating and raised their target price for the stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. The Goldman Sachs Group cut their price target on shares of Woodward from $228.00 to $201.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. Jefferies Financial Group raised shares of Woodward from a "hold" rating to a "buy" rating and boosted their price objective for the company from $170.00 to $190.00 in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Woodward from $158.00 to $162.00 and gave the stock a "hold" rating in a research report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $174.67.

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.