ProShare Advisors LLC Has $501,000 Stock Position in Woodward, Inc. (NASDAQ:WWD)

ProShare Advisors LLC cut its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,873 shares of the technology company’s stock after selling 69 shares during the period. ProShare Advisors LLC’s holdings in Woodward were worth $501,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WWD. Fidelis Capital Partners LLC acquired a new position in shares of Woodward in the first quarter valued at about $31,000. Mather Group LLC. bought a new stake in Woodward in the 1st quarter valued at about $34,000. AlphaCentric Advisors LLC acquired a new position in shares of Woodward during the 2nd quarter worth approximately $37,000. Daiwa Securities Group Inc. bought a new position in shares of Woodward during the first quarter worth approximately $46,000. Finally, Jones Financial Companies Lllp raised its position in shares of Woodward by 4,177.8% in the fourth quarter. Jones Financial Companies Lllp now owns 385 shares of the technology company’s stock valued at $52,000 after buying an additional 376 shares in the last quarter. Institutional investors own 81.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WWD. Truist Financial raised Woodward from a “hold” rating to a “buy” rating and increased their price target for the stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and increased their target price for the stock from $170.00 to $190.00 in a report on Wednesday, July 31st. StockNews.com cut Woodward from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. TD Cowen cut their price objective on shares of Woodward from $200.00 to $186.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Woodward from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $197.00 to $158.00 in a research note on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $177.11.

Woodward Stock Performance

Woodward stock opened at $171.51 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The stock has a market cap of $10.44 billion, a PE ratio of 29.98, a P/E/G ratio of 1.79 and a beta of 1.37. Woodward, Inc. has a 12-month low of $119.03 and a 12-month high of $188.35. The business’s 50-day moving average price is $163.48 and its two-hundred day moving average price is $167.20.

Woodward (NASDAQ:WWD) last announced its quarterly earnings results on Monday, July 29th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.11. The company had revenue of $847.69 million for the quarter, compared to analyst estimates of $853.29 million. Woodward had a net margin of 11.47% and a return on equity of 17.16%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 EPS. As a group, analysts expect that Woodward, Inc. will post 5.91 earnings per share for the current fiscal year.

Woodward Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s payout ratio is 17.48%.

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.