Woodward, Inc. (NASDAQ:WWD) Stock Position Decreased by American International Group Inc.

American International Group Inc. cut its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,606 shares of the technology company’s stock after selling 3,507 shares during the period. American International Group Inc. owned approximately 0.14% of Woodward worth $11,109,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WWD. Venturi Wealth Management LLC boosted its position in shares of Woodward by 79.3% in the fourth quarter. Venturi Wealth Management LLC now owns 199 shares of the technology company’s stock worth $27,000 after buying an additional 88 shares during the period. Principal Securities Inc. purchased a new position in Woodward during the 4th quarter valued at about $34,000. GAMMA Investing LLC acquired a new position in shares of Woodward in the 4th quarter valued at about $44,000. Jones Financial Companies Lllp lifted its position in shares of Woodward by 4,177.8% in the fourth quarter. Jones Financial Companies Lllp now owns 385 shares of the technology company’s stock worth $52,000 after purchasing an additional 376 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Woodward by 22.8% during the fourth quarter. CWM LLC now owns 491 shares of the technology company’s stock worth $67,000 after purchasing an additional 91 shares during the period. 81.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WWD shares. Barclays upped their price objective on shares of Woodward from $140.00 to $175.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Woodward from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Truist Financial lifted their price target on Woodward from $143.00 to $152.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. The Goldman Sachs Group increased their price objective on Woodward from $159.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Wells Fargo & Company lifted their target price on shares of Woodward from $156.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently 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 business’s stock in a transaction dated 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 transaction, the director now owns 17,450 shares in the company, valued at approximately $2,914,324.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.12% of the company’s stock.

Woodward Price Performance

NASDAQ WWD opened at $184.53 on Tuesday. Woodward, Inc. has a 1 year low of $113.16 and a 1 year high of $188.35. The company has a fifty day simple moving average of $170.53 and a 200 day simple moving average of $151.18. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.28. The company has a market cap of $11.24 billion, a P/E ratio of 32.26, a P/E/G ratio of 1.86 and a beta of 1.37.

Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Monday, April 29th. The technology company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.34. Woodward had a return on equity of 16.50% and a net margin of 11.09%. The company had revenue of $835.34 million for the quarter, compared to the consensus estimate of $807.04 million. During the same period last year, the business posted $1.01 earnings per share. The firm’s revenue was up 16.3% compared to the same quarter last year. On average, sell-side analysts predict that Woodward, Inc. will post 5.88 EPS for the current year.

Woodward Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Tuesday, May 21st. Woodward’s payout ratio is currently 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.