Woodward, Inc. (NASDAQ:WWD) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP decreased its stake in shares of Woodward, Inc. (NASDAQ:WWDFree Report) by 9.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,526,266 shares of the technology company’s stock after selling 153,508 shares during the quarter. Woodward comprises 1.8% of Cooke & Bieler LP’s holdings, making the stock its 13th biggest position. Cooke & Bieler LP’s holdings in Woodward were worth $207,771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Venturi Wealth Management LLC boosted its holdings in shares of Woodward by 79.3% in the 4th quarter. Venturi Wealth Management LLC now owns 199 shares of the technology company’s stock valued at $27,000 after acquiring an additional 88 shares during the last quarter. Quarry LP purchased a new stake in shares of Woodward in the 2nd quarter valued at $28,000. KB Financial Partners LLC purchased a new stake in shares of Woodward in the 1st quarter valued at $30,000. BluePath Capital Management LLC purchased a new stake in shares of Woodward in the 3rd quarter valued at $32,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Woodward in the 2nd quarter valued at $71,000. Institutional investors and hedge funds own 81.18% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on WWD. Alembic Global Advisors downgraded shares of Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 price objective on the stock. in a report on Thursday, February 1st. Truist Financial upped their price objective on shares of Woodward from $136.00 to $143.00 and gave the company a “hold” rating in a report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Woodward from $165.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Wells Fargo & Company increased their price target on shares of Woodward from $151.00 to $156.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Finally, The Goldman Sachs Group increased their price target on shares of Woodward from $159.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $158.22.

Check Out Our Latest Research Report on Woodward

Woodward Stock Performance

WWD opened at $147.49 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.65 and a debt-to-equity ratio of 0.30. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 1.79 and a beta of 1.36. Woodward, Inc. has a 52-week low of $91.42 and a 52-week high of $160.79. The firm’s fifty day simple moving average is $146.52 and its two-hundred day simple moving average is $137.65.

Woodward (NASDAQ:WWDGet Free Report) last posted its quarterly earnings data on Monday, January 29th. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.33. The business had revenue of $786.73 million for the quarter, compared to the consensus estimate of $750.13 million. Woodward had a net margin of 9.50% and a return on equity of 15.26%. The company’s revenue was up 27.2% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. Equities analysts anticipate that Woodward, Inc. will post 5.28 earnings per share for the current fiscal year.

Woodward Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.68%. This is an increase from Woodward’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, February 16th. Woodward’s dividend payout ratio (DPR) is presently 21.10%.

Insider Buying and Selling at Woodward

In other Woodward news, EVP Christopher Fawzy sold 11,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $140.00, for a total transaction of $1,540,000.00. Following the transaction, the executive vice president now directly owns 4,836 shares of the company’s stock, valued at $677,040. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director John D. Cohn sold 1,500 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $138.86, for a total value of $208,290.00. Following the completion of the sale, the director now directly owns 20,531 shares in the company, valued at $2,850,934.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher Fawzy sold 11,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $140.00, for a total transaction of $1,540,000.00. Following the completion of the sale, the executive vice president now owns 4,836 shares of the company’s stock, valued at $677,040. The disclosure for this sale can be found here. Insiders have sold a total of 51,200 shares of company stock valued at $7,242,916 over the last ninety days. Corporate insiders own 1.12% of the company’s stock.

Woodward Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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