International Assets Investment Management LLC Acquires 76,313 Shares of Woodward, Inc. (NASDAQ:WWD)

International Assets Investment Management LLC boosted its position in shares of Woodward, Inc. (NASDAQ:WWD) by 17,072.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,760 shares of the technology company’s stock after buying an additional 76,313 shares during the quarter. International Assets Investment Management LLC owned 0.13% of Woodward worth $13,165,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fidelis Capital Partners LLC purchased a new position in Woodward during the first quarter worth $31,000. Wolff Wiese Magana LLC purchased a new stake in shares of Woodward during the third quarter valued at $31,000. AlphaCentric Advisors LLC purchased a new stake in shares of Woodward during the second quarter valued at $37,000. UMB Bank n.a. boosted its stake in shares of Woodward by 101.6% during the third quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock valued at $42,000 after purchasing an additional 124 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Woodward during the first quarter valued at $46,000. 81.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WWD shares. TD Cowen reissued a “hold” rating and set a $160.00 target price (down from $186.00) on shares of Woodward in a research note on Friday, October 4th. Jefferies Financial Group raised shares of Woodward from a “hold” rating to a “buy” rating and boosted their target price for the company from $170.00 to $190.00 in a research note on Wednesday, July 31st. Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and boosted their target price for the company from $152.00 to $187.00 in a research note on Wednesday, August 21st. StockNews.com raised shares of Woodward from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group lowered their price objective on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $174.67.

Woodward Stock Performance

Shares of Woodward stock opened at $165.30 on Thursday. The company has a market capitalization of $10.07 billion, a PE ratio of 28.90, a P/E/G ratio of 1.74 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. The company has a 50-day simple moving average of $165.03 and a two-hundred day simple moving average of $169.09. Woodward, Inc. has a one year low of $120.82 and a one 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. The firm had revenue of $847.69 million for the quarter, compared to the consensus estimate of $853.29 million. Woodward had a net margin of 11.47% and a return on equity of 17.16%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share. Research analysts expect that Woodward, Inc. will post 5.92 EPS for the current fiscal year.

Woodward Announces Dividend

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

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.