Woodward, Inc. (NASDAQ:WWD) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its stake in Woodward, Inc. (NASDAQ:WWD) by 5.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,683 shares of the technology company’s stock after selling 404 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Woodward were worth $1,165,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of WWD. Fidelis Capital Partners LLC acquired a new position in shares of Woodward in the first quarter valued at about $31,000. AlphaCentric Advisors LLC purchased a new position in Woodward during the 2nd quarter worth approximately $37,000. Mather Group LLC. purchased a new position in Woodward during the 1st quarter worth approximately $34,000. Daiwa Securities Group Inc. acquired a new stake in Woodward during the 1st quarter valued at approximately $46,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Woodward by 4,177.8% in the 4th quarter. Jones Financial Companies Lllp now owns 385 shares of the technology company’s stock valued at $52,000 after acquiring an additional 376 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Woodward Trading Down 0.3 %

Shares of NASDAQ:WWD opened at $169.28 on Wednesday. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. The business’s 50 day moving average price is $164.13 and its 200-day moving average price is $166.52. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.29. Woodward, Inc. has a 1 year low of $119.03 and a 1 year high of $188.35.

Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, July 29th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.11. Woodward had a net margin of 11.47% and a return on equity of 17.16%. The business had revenue of $847.69 million for the quarter, compared to the consensus estimate of $853.29 million. During the same period last year, the firm posted $1.37 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts forecast that Woodward, Inc. will post 5.91 earnings per share for the current fiscal year.

Woodward Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. Woodward’s payout ratio is currently 17.48%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WWD. The Goldman Sachs Group decreased their target price on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut Woodward from a “buy” rating to a “hold” rating and decreased their price objective for the company from $197.00 to $158.00 in a report on Wednesday, July 31st. Truist Financial raised Woodward from a “hold” rating to a “buy” rating and raised their target price for the stock from $152.00 to $187.00 in a report on Wednesday, August 21st. TD Cowen decreased their price target on Woodward from $200.00 to $186.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Jefferies Financial Group raised shares of Woodward from a “hold” rating to a “buy” rating and raised their price objective for the stock from $170.00 to $190.00 in a research note on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Woodward currently has a consensus rating of “Moderate Buy” and an average target price of $177.11.

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.