Diversified Trust Co Has $262,000 Stake in Woodward, Inc. (NASDAQ:WWD)

Diversified Trust Co reduced its position in Woodward, Inc. (NASDAQ:WWD) by 80.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,526 shares of the technology company’s stock after selling 6,092 shares during the quarter. Diversified Trust Co’s holdings in Woodward were worth $262,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GSA Capital Partners LLP lifted its holdings in shares of Woodward by 214.0% during the 4th quarter. GSA Capital Partners LLP now owns 20,654 shares of the technology company’s stock worth $2,812,000 after acquiring an additional 14,077 shares during the period. Vanguard Group Inc. lifted its stake in Woodward by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 5,758,261 shares of the technology company’s stock worth $783,872,000 after purchasing an additional 37,011 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Woodward during the fourth quarter valued at approximately $3,131,000. Kapitalo Investimentos Ltda acquired a new position in shares of Woodward in the 4th quarter worth approximately $198,000. Finally, Cullen Investment Group LTD. acquired a new position in shares of Woodward in the 1st quarter worth approximately $202,000. Institutional investors own 81.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and increased their target price for the stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. StockNews.com upgraded shares of Woodward from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. The Goldman Sachs Group decreased their price objective on shares of Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, TD Cowen reiterated a “hold” rating and issued a $160.00 target price (down previously from $186.00) on shares of Woodward in a research note on Friday, October 4th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.67.

Woodward Stock Performance

WWD stock opened at $163.74 on Friday. The stock has a market capitalization of $9.77 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 1.73 and a beta of 1.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.29. The company has a 50 day moving average price of $162.79 and a 200 day moving average price of $167.96. Woodward, Inc. has a fifty-two week low of $119.03 and a fifty-two week high of $188.35.

Woodward (NASDAQ:WWD) last issued 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 business had revenue of $847.69 million for the quarter, compared to analyst estimates of $853.29 million. Woodward had a return on equity of 17.16% and a net margin of 11.47%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 earnings per share. Analysts forecast that Woodward, Inc. will post 5.92 EPS for the current year.

Woodward Dividend Announcement

The firm also recently declared 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. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s dividend payout ratio is 16.72%.

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.