Choreo LLC Has $3.71 Million Position in Woodward, Inc. (NASDAQ:WWD)

Choreo LLC decreased its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,257 shares of the technology company’s stock after selling 1,906 shares during the quarter. Choreo LLC’s holdings in Woodward were worth $3,713,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc lifted its stake in shares of Woodward by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,758 shares of the technology company’s stock worth $302,000 after buying an additional 59 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in Woodward by 5.1% in the 4th quarter. Atomi Financial Group Inc. now owns 1,355 shares of the technology company’s stock valued at $225,000 after acquiring an additional 66 shares during the period. Delta Capital Management LLC lifted its position in Woodward by 4.0% during the fourth quarter. Delta Capital Management LLC now owns 1,805 shares of the technology company’s stock worth $300,000 after acquiring an additional 70 shares during the last quarter. Mather Group LLC. grew its position in shares of Woodward by 44.8% in the fourth quarter. Mather Group LLC. now owns 278 shares of the technology company’s stock valued at $46,000 after purchasing an additional 86 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its stake in shares of Woodward by 5.3% during the fourth quarter. AdvisorNet Financial Inc now owns 1,790 shares of the technology company’s stock worth $298,000 after purchasing an additional 90 shares during the period. 81.18% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Thomas G. Cromwell sold 7,913 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $175.13, for a total transaction of $1,385,803.69. Following the completion of the transaction, the chief operating officer now directly owns 11,511 shares in the company, valued at approximately $2,015,921.43. This represents a 40.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John D. Cohn sold 2,400 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $179.57, for a total value of $430,968.00. Following the completion of the transaction, the director now owns 20,963 shares of the company’s stock, valued at $3,764,325.91. The trade was a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,313 shares of company stock valued at $9,007,072. 0.82% of the stock is currently owned by corporate insiders.

Woodward Stock Performance

NASDAQ WWD opened at $189.96 on Thursday. The firm’s 50 day simple moving average is $179.32 and its 200 day simple moving average is $170.68. The firm has a market capitalization of $11.23 billion, a price-to-earnings ratio of 31.61, a P/E/G ratio of 2.36 and a beta of 1.40. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26. Woodward, Inc. has a 1 year low of $134.82 and a 1 year high of $201.64.

Woodward (NASDAQ:WWD) last released its earnings results on Monday, February 3rd. The technology company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.21. Woodward had a return on equity of 17.13% and a net margin of 11.22%. During the same quarter in the previous year, the firm earned $1.45 earnings per share. As a group, research analysts expect that Woodward, Inc. will post 6 earnings per share for the current fiscal year.

Woodward Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, February 20th. This is a boost from Woodward’s previous quarterly dividend of $0.25. Woodward’s payout ratio is currently 16.64%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Woodward from $193.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday. StockNews.com raised shares of Woodward from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Truist Financial raised their price target on shares of Woodward from $226.00 to $229.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Barclays boosted their price objective on shares of Woodward from $175.00 to $200.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. Finally, UBS Group raised their target price on shares of Woodward from $216.00 to $232.00 and gave the stock a “buy” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Woodward has a consensus rating of “Moderate Buy” and an average target price of $197.38.

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.