Panoramic Capital Partners LLC Invests $341,000 in Woodward, Inc. (NASDAQ:WWD)

Panoramic Capital Partners LLC purchased a new position in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,052 shares of the technology company's stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WWD. True Wealth Design LLC purchased a new stake in Woodward in the 3rd quarter valued at approximately $28,000. Wolff Wiese Magana LLC purchased a new stake in Woodward in the 3rd quarter valued at approximately $31,000. Berbice Capital Management LLC purchased a new stake in Woodward in the 4th quarter valued at approximately $33,000. Capital Performance Advisors LLP purchased a new stake in Woodward in the 3rd quarter valued at approximately $41,000. Finally, UMB Bank n.a. boosted its holdings in Woodward by 101.6% in the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company's stock valued at $42,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 81.18% of the company's stock.

Analyst Ratings Changes

WWD has been the topic of a number of analyst reports. Truist Financial lifted their price objective on Woodward from $226.00 to $229.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. StockNews.com downgraded shares of Woodward from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on shares of Woodward from $193.00 to $205.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Barclays lifted their price target on shares of Woodward from $175.00 to $200.00 and gave the company an "equal weight" rating in a research report 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 research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $197.38.

Woodward Price Performance

Shares of Woodward stock traded down $4.20 during trading on Friday, hitting $186.53. 478,092 shares of the company were exchanged, compared to its average volume of 478,883. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 0.22. Woodward, Inc. has a fifty-two week low of $136.25 and a fifty-two week high of $201.64. The stock has a market capitalization of $11.07 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 2.43 and a beta of 1.40. The firm has a 50 day moving average price of $180.93 and a 200 day moving average price of $171.29.

Woodward (NASDAQ:WWD - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.21. Woodward had a return on equity of 16.76% and a net margin of 11.18%. During the same quarter in the prior year, the company posted $1.45 earnings per share. On average, equities analysts expect that Woodward, Inc. will post 6.12 earnings per share for the current fiscal year.

Woodward Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. This is a positive change from Woodward's previous quarterly dividend of $0.25. Woodward's dividend payout ratio (DPR) is 18.76%.

Insiders Place Their Bets

In related news, COO Thomas G. Cromwell sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $181.85, for a total transaction of $1,818,500.00. Following the completion of the transaction, the chief operating officer now owns 11,511 shares of the company's stock, valued at approximately $2,093,275.35. This represents a 46.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John D. Cohn sold 2,400 shares of Woodward stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $179.57, for a total transaction of $430,968.00. Following the completion of the transaction, the director now owns 20,963 shares in the company, valued at approximately $3,764,325.91. This trade represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 32,400 shares of company stock valued at $5,844,768. Company insiders own 0.82% of the company's stock.

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.