Capstone Investment Advisors LLC purchased a new position in Woodward, Inc. (NASDAQ:WWD – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,607 shares of the technology company’s stock, valued at approximately $1,109,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of WWD. Bard Associates Inc. acquired a new stake in Woodward during the second quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd acquired a new position in Woodward in the fourth quarter worth approximately $35,000. Elevation Wealth Partners LLC increased its holdings in shares of Woodward by 550.0% in the second quarter. Elevation Wealth Partners LLC now owns 91 shares of the technology company’s stock valued at $39,000 after buying an additional 77 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Woodward by 82.5% during the 1st quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock valued at $41,000 after acquiring an additional 52 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Woodward during the 4th quarter worth $61,000. 81.18% of the stock is owned by institutional investors and hedge funds.
Woodward Stock Up 0.1%
NASDAQ:WWD opened at $346.34 on Friday. The business’s fifty day moving average price is $389.38 and its 200 day moving average price is $380.01. The firm has a market capitalization of $20.45 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 2.03 and a beta of 0.88. The company has a current ratio of 1.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. Woodward, Inc. has a 1-year low of $233.31 and a 1-year high of $450.92.
Woodward Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. Woodward’s payout ratio is presently 14.24%.
Insider Activity at Woodward
In other Woodward news, EVP Shawn M. Mclevige sold 2,150 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $356.82, for a total value of $767,163.00. Following the completion of the sale, the executive vice president owned 3,098 shares in the company, valued at $1,105,428.36. This represents a 40.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel G. Korte sold 14,700 shares of Woodward stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $356.05, for a total transaction of $5,233,935.00. Following the sale, the director directly owned 4,434 shares of the company’s stock, valued at $1,578,725.70. This trade represents a 76.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.71% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Susquehanna started coverage on Woodward in a report on Tuesday, May 26th. They issued a “positive” rating and a $423.00 target price on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $470.00 price target on shares of Woodward in a research report on Friday, May 1st. UBS Group boosted their price objective on Woodward from $427.00 to $429.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. TD Cowen upped their price objective on shares of Woodward from $390.00 to $420.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $419.00.
Get Our Latest Analysis on Woodward
About Woodward
Woodward, Inc (NASDAQ: WWD) is a global leader in the design, manufacture and service of control systems and components for the aerospace and industrial markets. Founded in 1870 and headquartered in Fort Collins, Colorado, the company specializes in motion control, fuel systems, actuation, and digital control solutions. Its offerings enable precision management of flow, pressure and motion in critical applications ranging from aircraft engines and power turbines to hydraulic systems.
Woodward’s product portfolio is organized into two primary segments: Aerospace and Industrial.
Further Reading
- Five stocks we like better than Woodward
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Want to see what other hedge funds are holding WWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Woodward, Inc. (NASDAQ:WWD – Free Report).
Receive News & Ratings for Woodward Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward and related companies with MarketBeat.com's FREE daily email newsletter.
