Atria Wealth Solutions Inc. Purchases Shares of 2,796 Woodward, Inc. (NASDAQ:WWD)

Atria Wealth Solutions Inc. purchased a new position in shares of Woodward, Inc. (NASDAQ:WWD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,796 shares of the technology company’s stock, valued at approximately $465,000.

A number of other hedge funds have also recently made changes to their positions in the business. Naya Capital Management UK Ltd. purchased a new stake in Woodward during the 3rd quarter valued at about $99,000,000. JPMorgan Chase & Co. lifted its position in Woodward by 135.1% in the third quarter. JPMorgan Chase & Co. now owns 992,189 shares of the technology company’s stock valued at $170,170,000 after purchasing an additional 570,124 shares during the last quarter. State Street Corp boosted its stake in shares of Woodward by 4.8% during the third quarter. State Street Corp now owns 2,421,483 shares of the technology company’s stock valued at $415,309,000 after purchasing an additional 110,569 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Woodward by 17,072.3% in the third quarter. International Assets Investment Management LLC now owns 76,760 shares of the technology company’s stock worth $13,165,000 after purchasing an additional 76,313 shares during the last quarter. Finally, Alpha Wave Global LP grew its holdings in shares of Woodward by 26.0% in the third quarter. Alpha Wave Global LP now owns 311,253 shares of the technology company’s stock worth $53,383,000 after purchasing an additional 64,212 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors.

Woodward Price Performance

Shares of WWD stock opened at $184.59 on Friday. The business’s fifty day moving average is $182.97 and its 200 day moving average is $173.29. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 0.22. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 2.37 and a beta of 1.40. Woodward, Inc. has a twelve month low of $136.25 and a twelve month 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 analysts’ consensus estimates of $1.14 by $0.21. Woodward had a net margin of 11.18% and a return on equity of 16.76%. During the same period in the prior year, the firm posted $1.45 EPS. Research analysts expect that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be given a $0.28 dividend. This is a boost from Woodward’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Thursday, February 20th. Woodward’s payout ratio is currently 18.76%.

Analysts Set New Price Targets

WWD has been the topic of a number of recent analyst reports. 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 report on Tuesday, January 14th. Wells Fargo & Company raised their target price on Woodward from $193.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. UBS Group upped their price target on Woodward from $216.00 to $232.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. StockNews.com cut Woodward from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Barclays raised their price target on Woodward from $175.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Woodward currently has an average rating of “Hold” and an average target price of $197.38.

Insider Buying and Selling at Woodward

In related news, Director John D. Cohn sold 2,400 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $179.57, for a total transaction of $430,968.00. Following the transaction, the director now owns 20,963 shares in the company, valued at $3,764,325.91. This represents a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Thomas G. Cromwell sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $179.54, for a total value of $1,795,400.00. Following the transaction, the chief operating officer now directly owns 11,511 shares in the company, valued at $2,066,684.94. The trade was a 46.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,400 shares of company stock worth $4,044,868. 0.82% of the stock is owned by insiders.

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.