Snyder Capital Management L P Sells 25,350 Shares of Woodward, Inc. (NASDAQ:WWD)

Snyder Capital Management L P reduced its holdings in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 605,627 shares of the technology company's stock after selling 25,350 shares during the quarter. Woodward comprises 2.1% of Snyder Capital Management L P's investment portfolio, making the stock its 14th biggest position. Snyder Capital Management L P owned about 1.02% of Woodward worth $100,788,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WWD. Berbice Capital Management LLC bought a new position in Woodward in the 4th quarter valued at $33,000. NBT Bank N A NY purchased a new stake in shares of Woodward in the fourth quarter worth $34,000. Mather Group LLC. raised 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 worth $46,000 after buying an additional 86 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Woodward in the fourth quarter worth $57,000. Finally, UMB Bank n.a. raised its position in shares of Woodward by 52.0% in the fourth quarter. UMB Bank n.a. now owns 374 shares of the technology company's stock worth $62,000 after buying an additional 128 shares in the last quarter. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WWD. StockNews.com downgraded Woodward from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Truist Financial lowered their price objective on Woodward from $229.00 to $205.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft set a $187.00 price objective on Woodward and gave the stock a "hold" rating in a research report on Monday, April 14th. UBS Group increased their price objective on Woodward from $216.00 to $232.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company restated a "reduce" rating on shares of Woodward in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Woodward has a consensus rating of "Hold" and a consensus target price of $193.75.

Woodward Price Performance

NASDAQ WWD traded down $0.42 during trading hours on Monday, reaching $181.45. 890,702 shares of the stock traded hands, compared to its average volume of 470,074. The stock has a 50 day simple moving average of $178.13 and a two-hundred day simple moving average of $177.52. Woodward, Inc. has a 1 year low of $145.98 and a 1 year high of $228.78. The company has a market cap of $10.77 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 1.19.

Woodward (NASDAQ:WWD - Get Free Report) last released its earnings results on Monday, April 28th. The technology company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.26. Woodward had a return on equity of 16.76% and a net margin of 11.18%. On average, analysts predict that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, May 22nd. Woodward's dividend payout ratio (DPR) is presently 18.76%.

Insider Activity

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

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.