Woodward, Inc. (NASDAQ:WWD) Shares Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. increased its position in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) by 19.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,736 shares of the technology company's stock after buying an additional 3,609 shares during the period. Zions Bancorporation N.A.'s holdings in Woodward were worth $3,617,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. lifted its position in shares of Woodward by 5.1% during the 4th quarter. Atomi Financial Group Inc. now owns 1,355 shares of the technology company's stock valued at $225,000 after buying an additional 66 shares in the last quarter. Assetmark Inc. raised its position in Woodward by 20.8% during the fourth quarter. Assetmark Inc. now owns 401 shares of the technology company's stock worth $67,000 after acquiring an additional 69 shares during the period. Delta Capital Management LLC lifted its holdings in Woodward by 4.0% during the fourth quarter. Delta Capital Management LLC now owns 1,805 shares of the technology company's stock valued at $300,000 after purchasing an additional 70 shares in the last quarter. Mather Group LLC. grew its position in shares of Woodward by 44.8% in 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, AdvisorNet Financial Inc increased its stake in shares of Woodward by 5.3% during the fourth quarter. AdvisorNet Financial Inc now owns 1,790 shares of the technology company's stock worth $298,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 81.18% of the company's stock.

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Insiders Place Their Bets

In other Woodward news, COO Thomas G. Cromwell sold 3,300 shares of Woodward stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $194.36, for a total transaction of $641,388.00. Following the completion of the sale, the chief operating officer now directly owns 15,477 shares in the company, valued at $3,008,109.72. This trade represents a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregg C. Sengstack sold 4,600 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 17,450 shares in the company, valued at $3,278,157. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,900 shares of company stock valued at $5,215,444 over the last quarter. 0.82% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Woodward Trading Down 2.5 %

Shares of WWD traded down $4.74 during midday trading on Friday, reaching $183.29. The company had a trading volume of 381,898 shares, compared to its average volume of 462,286. The firm has a 50 day simple moving average of $186.06 and a 200-day simple moving average of $176.70. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 0.22. The stock has a market cap of $10.88 billion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 2.37 and a beta of 1.39. 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 earnings results on Monday, February 3rd. The technology company reported $1.35 EPS for the quarter, topping 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 in the prior year, the firm earned $1.45 EPS. Research analysts forecast that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.61%. 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 presently 18.76%.

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.