Hennion & Walsh Asset Management Inc. Purchases 1,524 Shares of Woodward, Inc. (NASDAQ:WWD)

Hennion & Walsh Asset Management Inc. increased its position in Woodward, Inc. (NASDAQ:WWD - Free Report) by 39.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,395 shares of the technology company's stock after acquiring an additional 1,524 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Woodward were worth $898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in Woodward in the 3rd quarter worth $28,000. Wolff Wiese Magana LLC acquired a new stake in Woodward during the third quarter worth about $31,000. Capital Performance Advisors LLP bought a new position in Woodward during the third quarter valued at about $41,000. UMB Bank n.a. raised its holdings in Woodward by 101.6% in the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company's stock valued at $42,000 after acquiring an additional 124 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Woodward in the 3rd quarter valued at approximately $69,000. Institutional investors and hedge funds own 81.18% of the company's stock.

Insider Activity

In related news, COO Thomas G. Cromwell sold 7,913 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $175.13, for a total transaction of $1,385,803.69. Following the completion of the transaction, the chief operating officer now owns 11,511 shares in the company, valued at approximately $2,015,921.43. This represents a 40.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John D. Cohn sold 2,400 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $179.57, for a total transaction of $430,968.00. Following the sale, the director now directly owns 20,963 shares in the company, valued at $3,764,325.91. This trade represents a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,313 shares of company stock worth $10,752,072 in the last 90 days. Corporate insiders own 0.82% of the company's stock.

Analyst Upgrades and Downgrades

WWD has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Woodward from $158.00 to $162.00 and gave the company a "hold" rating in a research report on Thursday, October 3rd. UBS Group increased their price objective on shares of Woodward from $209.00 to $228.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Wells Fargo & Company decreased their target price on shares of Woodward from $197.00 to $193.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 8th. TD Cowen reissued a "hold" rating and issued a $160.00 price target (down previously from $186.00) on shares of Woodward in a research report on Friday, October 4th. Finally, Truist Financial lifted their price objective on Woodward from $226.00 to $229.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Woodward has an average rating of "Moderate Buy" and a consensus target price of $190.11.

Woodward Trading Up 0.6 %

Shares of WWD stock traded up $1.16 on Monday, reaching $189.12. The company had a trading volume of 434,774 shares, compared to its average volume of 320,879. The stock has a market cap of $11.18 billion, a PE ratio of 31.47, a PEG ratio of 2.28 and a beta of 1.39. The company has a 50-day moving average of $176.17 and a 200-day moving average of $169.69. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26. Woodward, Inc. has a 12 month low of $133.56 and a 12 month high of $201.64.

Woodward (NASDAQ:WWD - Get Free Report) last issued its earnings results on Monday, November 25th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.22 by $0.19. Woodward had a net margin of 11.22% and a return on equity of 17.13%. The firm had revenue of $855.00 million during the quarter, compared to the consensus estimate of $810.39 million. During the same quarter in the prior year, the firm earned $1.33 earnings per share. The business's quarterly revenue was up 10.0% on a year-over-year basis. On average, equities analysts forecast that Woodward, Inc. will post 6.02 earnings per share for the current year.

Woodward Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Thursday, November 21st. Woodward's dividend payout ratio is currently 16.64%.

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.