International Assets Investment Management LLC Raises Stake in Woodward, Inc. (NASDAQ:WWD)

International Assets Investment Management LLC boosted its position in Woodward, Inc. (NASDAQ:WWD) by 17,072.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 76,760 shares of the technology company’s stock after purchasing an additional 76,313 shares during the period. International Assets Investment Management LLC’s holdings in Woodward were worth $13,165,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC boosted its position in 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 purchasing an additional 210,746 shares in the last quarter. Earnest Partners LLC boosted its position in Woodward by 12.3% in the 1st quarter. Earnest Partners LLC now owns 1,345,438 shares of the technology company’s stock worth $207,359,000 after purchasing an additional 147,856 shares in the last quarter. Vanguard Group Inc. boosted its position in Woodward by 1.3% in 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 in the last quarter. Sei Investments Co. boosted its position in Woodward by 13.3% in the 2nd quarter. Sei Investments Co. now owns 634,698 shares of the technology company’s stock worth $110,679,000 after purchasing an additional 74,734 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in shares of Woodward by 25.4% during the 1st quarter. Jupiter Asset Management Ltd. now owns 226,909 shares of the technology company’s stock valued at $34,971,000 after buying an additional 46,005 shares in the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Analyst Ratings Changes

WWD has been the topic of a number of recent analyst reports. StockNews.com upgraded Woodward from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group decreased their target price on Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and increased their target price for the company from $170.00 to $190.00 in a research report on Wednesday, July 31st. Truist Financial raised Woodward from a “hold” rating to a “buy” rating and increased their price objective for the company from $152.00 to $187.00 in a research note on Wednesday, August 21st. Finally, TD Cowen reissued a “hold” rating and issued a $160.00 price objective (down from $186.00) on shares of Woodward in a research note on Friday, October 4th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $174.67.

Woodward Stock Up 0.9 %

Shares of WWD opened at $165.30 on Thursday. Woodward, Inc. has a 52-week low of $120.82 and a 52-week high of $188.35. The company has a market capitalization of $10.07 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.74 and a beta of 1.37. The stock has a fifty day simple moving average of $165.03 and a two-hundred day simple moving average of $169.09. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26.

Woodward (NASDAQ:WWD) last issued its earnings results on Monday, July 29th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.11. Woodward had a return on equity of 17.16% and a net margin of 11.47%. The business had revenue of $847.69 million during the quarter, compared to the consensus estimate of $853.29 million. During the same period last year, the company earned $1.37 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts forecast that Woodward, Inc. will post 5.92 EPS for the current year.

Woodward Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders 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 0.60%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s dividend payout ratio (DPR) is presently 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.