Woodward, Inc. (NASDAQ:WWD) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its holdings in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,500 shares of the technology company's stock after selling 3,054 shares during the period. Corebridge Financial Inc. owned about 0.11% of Woodward worth $11,233,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WWD. Citigroup Inc. increased its holdings in shares of Woodward by 12.1% in the 3rd quarter. Citigroup Inc. now owns 64,153 shares of the technology company's stock worth $11,003,000 after purchasing an additional 6,917 shares in the last quarter. Cerity Partners LLC grew its position in Woodward by 165.5% during the third quarter. Cerity Partners LLC now owns 8,603 shares of the technology company's stock valued at $1,476,000 after buying an additional 5,363 shares during the period. DRW Securities LLC purchased a new stake in Woodward during the third quarter valued at approximately $270,000. Bank of Montreal Can grew its holdings in Woodward by 3.2% during the third quarter. Bank of Montreal Can now owns 47,151 shares of the technology company's stock valued at $8,040,000 after purchasing an additional 1,455 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Woodward during the 3rd quarter worth approximately $69,000. 81.18% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Gregg C. Sengstack sold 4,600 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $187.86, for a total value of $864,156.00. Following the completion of the transaction, the director now owns 17,450 shares of the company's stock, valued at approximately $3,278,157. The trade was a 20.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Thomas G. Cromwell sold 3,300 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $194.36, for a total transaction of $641,388.00. Following the transaction, the chief operating officer now directly owns 15,477 shares in the company, valued at approximately $3,008,109.72. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,900 shares of company stock valued at $5,215,444. Insiders own 0.82% of the company's stock.

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Woodward Price Performance

Shares of Woodward stock traded down $0.80 on Monday, hitting $182.49. The company's stock had a trading volume of 428,002 shares, compared to its average volume of 462,149. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 2.37 and a beta of 1.39. The firm has a fifty day moving average price of $185.92 and a 200-day moving average price of $176.89. 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 1 year low of $144.45 and a 1 year high of $201.64.

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, beating 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 period last year, the company posted $1.45 EPS. As a group, sell-side analysts anticipate that Woodward, Inc. will post 6.15 earnings per share for the current fiscal year.

Woodward Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. This is a boost from Woodward's previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 20th. Woodward's payout ratio is presently 18.76%.

Wall Street Analyst Weigh In

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

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.