Trexquant Investment LP Has $11.40 Million Stock Position in Woodward, Inc. (NASDAQ:WWD)

Trexquant Investment LP grew its position in Woodward, Inc. (NASDAQ:WWD - Free Report) by 106.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,504 shares of the technology company's stock after purchasing an additional 35,359 shares during the period. Trexquant Investment LP owned approximately 0.12% of Woodward worth $11,400,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WWD. Berbice Capital Management LLC acquired a new position in Woodward during the 4th quarter valued at about $33,000. NBT Bank N A NY acquired a new position in shares of Woodward during the 4th quarter valued at $34,000. Mather Group LLC. raised its stake in shares of Woodward by 44.8% in the 4th quarter. Mather Group LLC. now owns 278 shares of the technology company's stock worth $46,000 after buying an additional 86 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Woodward in the fourth quarter valued at $57,000. Finally, UMB Bank n.a. boosted its position in shares of Woodward by 52.0% during the 4th quarter. UMB Bank n.a. now owns 374 shares of the technology company's stock valued at $62,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 81.18% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on WWD. UBS Group raised their price objective on Woodward from $216.00 to $232.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Wells Fargo & Company boosted 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. StockNews.com lowered shares of Woodward from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, Truist Financial raised their target price on Woodward from $226.00 to $229.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $197.38.

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Woodward Stock Down 1.6 %

Shares of NASDAQ WWD traded down $2.54 during mid-day trading on Monday, reaching $154.75. The company had a trading volume of 352,929 shares, compared to its average volume of 463,175. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.89. Woodward, Inc. has a twelve month low of $144.45 and a twelve month high of $201.64. The stock's 50 day moving average is $184.93 and its 200-day moving average is $177.26. The stock has a market capitalization of $9.19 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12.

Woodward (NASDAQ:WWD - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The technology company reported $1.35 EPS for the quarter, beating 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 period in the previous year, the business posted $1.45 earnings per share. As a group, equities analysts anticipate that Woodward, Inc. will post 6.15 earnings per share for the current fiscal year.

Woodward Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from Woodward's previous quarterly dividend of $0.25. Woodward's dividend payout ratio (DPR) is currently 18.76%.

Insider Activity at Woodward

In other news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $184.50, for a total value of $1,845,000.00. Following the transaction, the chief operating officer now owns 15,477 shares of the company's stock, valued at $2,855,506.50. This trade represents a 39.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregg C. Sengstack sold 4,600 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $187.86, for a total transaction of $864,156.00. Following the completion of the transaction, the director now owns 17,450 shares in the company, valued at $3,278,157. The trade was a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,900 shares of company stock valued at $5,215,444. Insiders own 0.82% of the company's stock.

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.