Woodward, Inc. (NASDAQ:WWD) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its position in Woodward, Inc. (NASDAQ:WWD) by 10.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 45,696 shares of the technology company’s stock after selling 5,383 shares during the quarter. Bank of Montreal Can’s holdings in Woodward were worth $8,382,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in WWD. Vanguard Group Inc. grew its stake in shares of Woodward by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 5,835,915 shares of the technology company’s stock worth $899,431,000 after purchasing an additional 77,654 shares during the period. Earnest Partners LLC grew its holdings in Woodward by 12.3% in the first quarter. Earnest Partners LLC now owns 1,345,438 shares of the technology company’s stock valued at $207,359,000 after purchasing an additional 147,856 shares during the last quarter. Sei Investments Co. increased its position in shares of Woodward by 13.3% in the second quarter. Sei Investments Co. now owns 634,698 shares of the technology company’s stock valued at $110,679,000 after buying an additional 74,734 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Woodward by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 541,496 shares of the technology company’s stock worth $94,426,000 after buying an additional 16,083 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Woodward by 94.2% in the 2nd quarter. Acadian Asset Management LLC now owns 434,385 shares of the technology company’s stock worth $75,735,000 after buying an additional 210,746 shares in the last quarter. 81.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on WWD. 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 report on Tuesday, July 30th. Jefferies Financial Group raised shares of Woodward from a “hold” rating to a “buy” rating and raised their price objective for the stock from $170.00 to $190.00 in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered Woodward from a “buy” rating to a “hold” rating and reduced their target price for the company from $197.00 to $158.00 in a research note on Wednesday, July 31st. Truist Financial raised Woodward from a “hold” rating to a “buy” rating and boosted their price target for the stock from $152.00 to $187.00 in a report on Wednesday, August 21st. Finally, The Goldman Sachs Group lowered their price target on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Woodward presently has an average rating of “Moderate Buy” and a consensus price target of $177.11.

Woodward Stock Up 0.6 %

WWD opened at $171.51 on Tuesday. Woodward, Inc. has a 1 year low of $119.03 and a 1 year high of $188.35. The firm has a 50 day moving average price of $163.48 and a 200 day moving average price of $167.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96. The company has a market cap of $10.44 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 1.79 and a beta of 1.37.

Woodward (NASDAQ:WWD) last released its quarterly earnings data on Monday, July 29th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.11. The company had revenue of $847.69 million during 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 business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 earnings per share. Sell-side analysts expect that Woodward, Inc. will post 5.91 earnings per share for the current year.

Woodward Dividend Announcement

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

Woodward Company 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.