14,593 Shares in Woodward, Inc. (NASDAQ:WWD) Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in Woodward, Inc. (NASDAQ:WWD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,593 shares of the technology company’s stock, valued at approximately $2,545,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WWD. Fidelis Capital Partners LLC acquired a new stake in shares of Woodward during the first quarter worth approximately $31,000. Principal Securities Inc. acquired a new position in Woodward during the 4th quarter worth $34,000. Mather Group LLC. bought a new stake in shares of Woodward in the 1st quarter worth about $34,000. AlphaCentric Advisors LLC acquired a new stake in Woodward during the second quarter valued at approximately $37,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Woodward in the 1st quarter valued at approximately $46,000. 81.18% of the stock is owned by hedge funds and other institutional investors.

Woodward Trading Up 0.2 %

Shares of WWD stock opened at $168.04 on Monday. The firm has a market capitalization of $10.23 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96. Woodward, Inc. has a 1 year low of $119.03 and a 1 year high of $188.35. The stock has a fifty day moving average of $164.67 and a two-hundred day moving average of $166.22.

Woodward (NASDAQ:WWD) last announced its earnings results on Monday, July 29th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. The firm had revenue of $847.69 million during the quarter, compared to analyst estimates of $853.29 million. Woodward had a net margin of 11.47% and a return on equity of 17.16%. Woodward’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 EPS. As a group, research analysts expect that Woodward, Inc. will post 5.91 EPS for the current year.

Woodward Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Thursday, November 21st. Woodward’s payout ratio is currently 17.48%.

Analyst Ratings Changes

WWD has been the topic of several research analyst reports. The Goldman Sachs Group reduced their price objective on Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft downgraded shares of Woodward from a “buy” rating to a “hold” rating and reduced their price target for the stock from $197.00 to $158.00 in a research report on Wednesday, July 31st. Jefferies Financial Group raised shares of Woodward from a “hold” rating to a “buy” rating and boosted their price objective for the company from $170.00 to $190.00 in a research report on Wednesday, July 31st. Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and increased their price objective for the stock from $152.00 to $187.00 in a research note on Wednesday, August 21st. Finally, StockNews.com downgraded Woodward from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Woodward currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.11.

About Woodward

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.