Arrowstreet Capital Limited Partnership Has $23.47 Million Stock Holdings in Woodward, Inc. (NASDAQ:WWD)

Arrowstreet Capital Limited Partnership grew its holdings in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,000 shares of the technology company's stock after buying an additional 10,859 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.24% of Woodward worth $23,465,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in Woodward during the fourth quarter worth about $120,220,000. JPMorgan Chase & Co. increased its position in shares of Woodward by 135.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 992,189 shares of the technology company's stock worth $170,170,000 after purchasing an additional 570,124 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Woodward during the 4th quarter worth approximately $31,187,000. Bradley Foster & Sargent Inc. CT bought a new stake in shares of Woodward during the 4th quarter worth approximately $20,045,000. Finally, State Street Corp boosted its holdings in shares of Woodward by 4.8% in the 3rd quarter. State Street Corp now owns 2,421,483 shares of the technology company's stock valued at $415,309,000 after buying an additional 110,569 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Woodward

In related news, COO Thomas G. Cromwell sold 3,300 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $194.36, for a total value 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 approximately $3,008,109.72. The trade was a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gregg C. Sengstack sold 4,600 shares of the firm's stock in a transaction 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 trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,900 shares of company stock worth $5,215,444. Corporate insiders own 0.82% of the company's stock.

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Woodward Stock Performance

Woodward stock traded down $2.74 during trading hours on Tuesday, hitting $157.51. The company had a trading volume of 731,331 shares, compared to its average volume of 465,504. The firm has a 50-day moving average of $183.38 and a 200 day moving average of $176.99. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 1.19. The firm has a market cap of $9.35 billion, a PE ratio of 26.38, a PEG ratio of 2.37 and a beta of 1.12. Woodward, Inc. has a one year low of $144.45 and a one year high of $201.64.

Woodward (NASDAQ:WWD - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The technology company reported $1.35 earnings per share for the quarter, topping 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 quarter in the previous year, the company posted $1.45 earnings per share. On average, sell-side analysts expect that Woodward, Inc. will post 6.15 earnings per share for the current 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 given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Thursday, February 20th. This is a boost from Woodward's previous quarterly dividend of $0.25. Woodward's payout ratio is presently 18.76%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WWD. StockNews.com lowered shares of Woodward from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Wells Fargo & Company dropped their target price on shares of Woodward from $205.00 to $172.00 and set an "equal weight" rating on the stock in a report on Tuesday. Truist Financial lifted their price target on Woodward from $226.00 to $229.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Finally, UBS Group boosted their price target on Woodward from $216.00 to $232.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Woodward currently has an average rating of "Hold" and an average price target of $193.25.

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.