16,143 Shares in Woodward, Inc. (NASDAQ:WWD) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Woodward, Inc. (NASDAQ:WWD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,143 shares of the technology company's stock, valued at approximately $2,687,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC bought a new position in Woodward in the 3rd quarter valued at about $28,000. Berbice Capital Management LLC bought a new position in Woodward in the 4th quarter valued at about $33,000. Mather Group LLC. grew its position in Woodward by 44.8% in the 4th quarter. Mather Group LLC. now owns 278 shares of the technology company's stock valued at $46,000 after buying an additional 86 shares in the last quarter. R Squared Ltd acquired a new stake in Woodward in the 4th quarter valued at about $57,000. Finally, Global Retirement Partners LLC lifted its holdings in Woodward by 94.2% in the 4th quarter. Global Retirement Partners LLC now owns 371 shares of the technology company's stock valued at $62,000 after acquiring an additional 180 shares during the last quarter. Institutional investors own 81.18% of the company's stock.

Insider Transactions at Woodward

In related news, Director Gregg C. Sengstack sold 4,600 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $187.86, for a total value of $864,156.00. Following the transaction, the director now owns 17,450 shares in the company, valued at approximately $3,278,157. This represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Thomas G. Cromwell sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $184.50, for a total value of $1,845,000.00. Following the completion of the transaction, the chief operating officer now owns 15,477 shares in the company, valued at $2,855,506.50. This represents a 39.25 % decrease in their position. The disclosure for this sale can be found here. 0.82% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

WWD has been the subject of a number of research analyst reports. Truist Financial upped their price target on shares of Woodward from $226.00 to $229.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Barclays upped their price target on shares of Woodward from $175.00 to $200.00 and gave the company an "equal weight" rating in a report on Tuesday, December 3rd. UBS Group upped their price target on shares of Woodward from $216.00 to $232.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. StockNews.com raised shares of Woodward from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Finally, Wells Fargo & Company upped their price target on shares of Woodward from $193.00 to $205.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Woodward currently has a consensus rating of "Moderate Buy" and an average target price of $197.38.

Woodward Trading Down 0.6 %

WWD stock traded down $1.20 during mid-day trading on Friday, reaching $185.39. 1,487,297 shares of the stock traded hands, compared to its average volume of 449,097. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. Woodward, Inc. has a 52-week low of $144.45 and a 52-week high of $201.64. The company has a market cap of $11.00 billion, a P/E ratio of 31.05, a P/E/G ratio of 2.37 and a beta of 1.39. The stock's fifty day moving average is $185.66 and its 200-day moving average is $175.65.

Woodward (NASDAQ:WWD - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The technology company reported $1.35 EPS for the quarter, beating 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 last year, the firm earned $1.45 earnings per share. As a group, sell-side analysts expect 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. Stockholders of record on Thursday, February 20th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.60%. 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 dividend payout ratio is 18.76%.

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.