Texas Permanent School Fund Corp Has $8.13 Million Position in Woodward, Inc. (NASDAQ:WWD)

Texas Permanent School Fund Corp raised its holdings in Woodward, Inc. (NASDAQ:WWD) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,772 shares of the technology company’s stock after buying an additional 579 shares during the period. Texas Permanent School Fund Corp owned 0.09% of Woodward worth $8,133,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of WWD. GSA Capital Partners LLP boosted 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 buying an additional 14,077 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Woodward by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,721,250 shares of the technology company’s stock worth $710,923,000 after buying an additional 59,884 shares during the period. Bank of Nova Scotia bought a new stake in shares of Woodward during the 4th quarter worth about $1,416,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Woodward by 20.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,204 shares of the technology company’s stock worth $164,000 after buying an additional 204 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of Woodward by 2.1% during the 4th quarter. Fifth Third Bancorp now owns 28,648 shares of the technology company’s stock worth $3,900,000 after buying an additional 594 shares during the period. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WWD has been the subject of several research analyst reports. The Goldman Sachs Group lifted their target price on shares of Woodward from $159.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Truist Financial boosted their price objective on shares of Woodward from $143.00 to $152.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Woodward from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Barclays boosted their price objective on shares of Woodward from $140.00 to $175.00 and gave the company an “equal weight” rating in a report on Monday, May 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Woodward from $156.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Woodward presently has an average rating of “Moderate Buy” and a consensus target price of $174.38.

Insider Buying and Selling at Woodward

In other news, Director Gregg C. Sengstack sold 6,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $167.01, for a total transaction of $1,002,060.00. Following the completion of the sale, the director now directly owns 17,450 shares in the company, valued at $2,914,324.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.12% of the company’s stock.

Woodward Price Performance

Shares of Woodward stock traded up $0.37 on Thursday, reaching $177.07. 239,748 shares of the stock were exchanged, compared to its average volume of 402,388. The firm’s 50 day moving average is $179.75 and its 200-day moving average is $156.18. The firm has a market cap of $10.78 billion, a PE ratio of 30.96, a P/E/G ratio of 1.79 and a beta of 1.37. Woodward, Inc. has a one year low of $118.25 and a one year high of $188.35. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.78 and a current ratio of 2.62.

Woodward (NASDAQ:WWD) last released its quarterly earnings data on Monday, April 29th. The technology company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.34. The business had revenue of $835.34 million during the quarter, compared to analysts’ expectations of $807.04 million. Woodward had a net margin of 11.09% and a return on equity of 16.50%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 EPS. As a group, analysts anticipate that Woodward, Inc. will post 5.88 EPS for the current fiscal year.

Woodward Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date is Thursday, August 22nd. Woodward’s dividend payout ratio (DPR) is currently 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.