Woodward, Inc. (NASDAQ:WWD) Stock Holdings Trimmed by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lessened its position in shares of Woodward, Inc. (NASDAQ:WWD) by 57.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,063 shares of the technology company’s stock after selling 62,302 shares during the period. Cubist Systematic Strategies LLC owned about 0.08% of Woodward worth $8,207,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC grew its position in shares of Woodward by 94.2% during the 2nd quarter. Acadian Asset Management LLC now owns 434,385 shares of the technology company’s stock valued at $75,735,000 after buying an additional 210,746 shares during the last quarter. Earnest Partners LLC boosted its stake 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 acquiring an additional 147,856 shares during the period. Sei Investments Co. grew its holdings in shares of Woodward by 37.6% during the fourth quarter. Sei Investments Co. now owns 524,683 shares of the technology company’s stock valued at $71,425,000 after purchasing an additional 143,410 shares during the last quarter. Vanguard Group Inc. raised its position 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. Finally, Intrinsic Edge Capital Management LLC lifted its holdings in shares of Woodward by 878.6% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 62,033 shares of the technology company’s stock worth $8,445,000 after purchasing an additional 70,000 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Wall Street Analyst Weigh In

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

Woodward Price Performance

NASDAQ WWD opened at $170.43 on Friday. The firm has a market capitalization of $10.38 billion, a PE ratio of 29.80, a P/E/G ratio of 1.77 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. Woodward, Inc. has a 12 month low of $119.03 and a 12 month high of $188.35. The company’s 50 day simple moving average is $163.77 and its 200 day simple moving average is $166.57.

Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Monday, July 29th. The technology company reported $1.63 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $853.29 million. During the same quarter in the prior year, the firm posted $1.37 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts forecast that Woodward, Inc. will post 5.91 EPS for the current fiscal year.

Woodward Dividend Announcement

The firm also recently disclosed 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 of this dividend is Thursday, November 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. Woodward’s dividend payout ratio (DPR) is 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.