Personal CFO Solutions LLC Makes New Investment in Woodward, Inc. (NASDAQ:WWD)

Personal CFO Solutions LLC bought a new stake in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,737 shares of the technology company's stock, valued at approximately $289,000.

Several other institutional investors have also made changes to their positions in WWD. True Wealth Design LLC bought a new stake in shares of Woodward during the 3rd quarter worth about $28,000. Berbice Capital Management LLC bought a new stake in shares of Woodward in the 4th quarter worth approximately $33,000. Capital Performance Advisors LLP acquired a new stake in shares of Woodward during the 3rd quarter worth approximately $41,000. Mather Group LLC. increased its position in shares of Woodward by 44.8% during the fourth quarter. Mather Group LLC. now owns 278 shares of the technology company's stock valued at $46,000 after purchasing an additional 86 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Woodward in the fourth quarter valued at $57,000. 81.18% of the stock is owned by hedge funds and other institutional investors.

Woodward Stock Up 1.0 %

Shares of NASDAQ WWD traded up $1.82 during midday trading on Wednesday, reaching $179.75. The company's stock had a trading volume of 173,045 shares, compared to its average volume of 453,051. Woodward, Inc. has a fifty-two week low of $144.29 and a fifty-two week high of $201.64. The stock has a 50 day simple moving average of $184.62 and a 200-day simple moving average of $174.82. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 2.37 and a beta of 1.39. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22.

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Woodward (NASDAQ:WWD - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The technology company reported $1.35 EPS for the quarter, topping the consensus estimate 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 firm posted $1.45 EPS. Equities research analysts predict that Woodward, Inc. will post 6.15 earnings per share for the current year.

Woodward Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given a dividend of $0.28 per share. This is a positive change from Woodward's previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 20th. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. Woodward's payout ratio is 18.76%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WWD. Truist Financial upped their target price on shares of Woodward from $226.00 to $229.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. UBS Group raised their price objective 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. Barclays upped their price target on Woodward from $175.00 to $200.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 3rd. StockNews.com upgraded shares of Woodward from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Finally, Wells Fargo & Company increased their target price on shares of Woodward from $193.00 to $205.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Woodward has an average rating of "Moderate Buy" and a consensus price target of $197.38.

Insider Transactions at Woodward

In other Woodward news, Director Gregg C. Sengstack sold 4,600 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $187.86, for a total transaction of $864,156.00. Following the transaction, the director now owns 17,450 shares of the company's stock, valued at $3,278,157. The trade was a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.82% of the company's stock.

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.