Xponance Inc. Sells 643 Shares of Woodward, Inc. (NASDAQ:WWD)

Xponance Inc. lowered its position in shares of Woodward, Inc. (NASDAQ:WWD) by 9.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,502 shares of the technology company’s stock after selling 643 shares during the quarter. Xponance Inc.’s holdings in Woodward were worth $1,134,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Park Avenue Securities LLC lifted its stake in shares of Woodward by 2.4% during the 2nd quarter. Park Avenue Securities LLC now owns 3,277 shares of the technology company’s stock valued at $571,000 after buying an additional 76 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Woodward by 3.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,268 shares of the technology company’s stock valued at $570,000 after acquiring an additional 95 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Woodward by 13.0% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 870 shares of the technology company’s stock worth $133,000 after acquiring an additional 100 shares during the period. CIBC Asset Management Inc grew its position in shares of Woodward by 7.7% during the second quarter. CIBC Asset Management Inc now owns 1,699 shares of the technology company’s stock worth $296,000 after purchasing an additional 121 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its position in shares of Woodward by 4.0% during the fourth quarter. Belpointe Asset Management LLC now owns 4,302 shares of the technology company’s stock worth $586,000 after purchasing an additional 167 shares in the last quarter. 81.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on WWD. Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and upped their price target for the stock from $170.00 to $190.00 in a research note on Wednesday, July 31st. Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and boosted their target price for the stock from $152.00 to $187.00 in a report on Wednesday, August 21st. TD Cowen cut their target price on shares of Woodward from $200.00 to $186.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. StockNews.com cut shares of Woodward from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Woodward from a “buy” rating to a “hold” rating and dropped their price objective for the company from $197.00 to $158.00 in a report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $177.11.

Woodward Stock Up 0.0 %

Shares of NASDAQ WWD opened at $170.51 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. Woodward, Inc. has a 12-month low of $119.03 and a 12-month high of $188.35. The firm’s 50-day moving average price is $163.65 and its 200-day moving average price is $166.72. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 1.77 and a beta of 1.37.

Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Monday, July 29th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. The business had revenue of $847.69 million for the quarter, compared to the consensus estimate of $853.29 million. Woodward had a return on equity of 17.16% and a net margin of 11.47%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 earnings per share. On average, equities research analysts anticipate that Woodward, Inc. will post 5.91 EPS for the current fiscal year.

Woodward Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s payout ratio is 17.48%.

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.