Dynamic Technology Lab Private Ltd Buys New Position in Woodward, Inc. (NASDAQ:WWD)

Dynamic Technology Lab Private Ltd purchased a new position in Woodward, Inc. (NASDAQ:WWD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,157 shares of the technology company’s stock, valued at approximately $1,524,000.

Other institutional investors have also recently made changes to their positions in the company. Berbice Capital Management LLC bought a new position in Woodward in the fourth quarter valued at $33,000. NBT Bank N A NY bought a new stake in Woodward in the 4th quarter worth approximately $34,000. Mather Group LLC. lifted its position in Woodward by 44.8% in the 4th quarter. Mather Group LLC. now owns 278 shares of the technology company’s stock worth $46,000 after buying an additional 86 shares during the last quarter. R Squared Ltd purchased a new stake in Woodward in the fourth quarter worth approximately $57,000. Finally, UMB Bank n.a. raised its stake in shares of Woodward by 52.0% during the fourth quarter. UMB Bank n.a. now owns 374 shares of the technology company’s stock worth $62,000 after acquiring an additional 128 shares in the last quarter. Institutional investors own 81.18% of the company’s stock.

Insider Transactions at Woodward

In other news, Director Gregg C. Sengstack sold 4,600 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $187.86, for a total value of $864,156.00. Following the sale, the director now directly owns 17,450 shares of the company’s stock, valued at $3,278,157. The trade was a 20.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Thomas G. Cromwell sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $184.50, for a total value of $1,845,000.00. Following the completion of the sale, the chief operating officer now owns 15,477 shares in the company, valued at $2,855,506.50. The trade was a 39.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,900 shares of company stock valued at $5,215,444. Corporate insiders own 0.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WWD. StockNews.com cut shares of Woodward from a “buy” rating to a “hold” rating in a research note on Thursday. Truist Financial raised their price objective on Woodward from $226.00 to $229.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. UBS Group increased their target price on Woodward from $216.00 to $232.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company lifted their price target on Woodward from $193.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $197.38.

Woodward Price Performance

Shares of WWD stock opened at $157.29 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.89. Woodward, Inc. has a fifty-two week low of $144.45 and a fifty-two week high of $201.64. The firm has a market cap of $9.34 billion, a P/E ratio of 26.35, a P/E/G ratio of 2.37 and a beta of 1.39. The business’s 50 day moving average price is $184.93 and its 200-day moving average price is $177.08.

Woodward (NASDAQ:WWD) last released its quarterly earnings results on Monday, February 3rd. The technology company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.21. Woodward had a net margin of 11.18% and a return on equity of 16.76%. During the same period in the previous year, the company earned $1.45 EPS. On average, equities research analysts anticipate that Woodward, Inc. will post 6.15 earnings per share for the current year.

Woodward Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.28 per share. This is an increase from Woodward’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. Woodward’s dividend payout ratio is 18.76%.

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.