Woodward, Inc. (NASDAQ:WWD) Shares Sold by Pensioenfonds Rail & OV

Pensioenfonds Rail & OV reduced its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 2.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 251,171 shares of the technology company’s stock after selling 5,131 shares during the period. Woodward makes up approximately 3.3% of Pensioenfonds Rail & OV’s portfolio, making the stock its 7th biggest holding. Pensioenfonds Rail & OV owned 0.41% of Woodward worth $43,799,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Hsbc Holdings PLC boosted its holdings in Woodward by 5.2% in the 4th quarter. Hsbc Holdings PLC now owns 10,093 shares of the technology company’s stock worth $1,375,000 after buying an additional 498 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of Woodward by 2.1% in the fourth quarter. Treasurer of the State of North Carolina now owns 27,355 shares of the technology company’s stock valued at $3,724,000 after buying an additional 564 shares during the last quarter. TFO Wealth Partners LLC lifted its stake in shares of Woodward by 25,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 518 shares of the technology company’s stock worth $71,000 after buying an additional 516 shares in the last quarter. Bank of Nova Scotia purchased a new position in Woodward in the 4th quarter worth approximately $1,416,000. Finally, Campbell & CO Investment Adviser LLC boosted its stake in Woodward by 219.9% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 5,445 shares of the technology company’s stock worth $741,000 after buying an additional 3,743 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Trading Down 1.3 %

NASDAQ WWD opened at $169.34 on Wednesday. Woodward, Inc. has a one year low of $119.03 and a one year high of $188.35. The firm has a 50 day simple moving average of $163.48 and a 200-day simple moving average of $167.20. The firm has a market cap of $10.31 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 1.79 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 (NASDAQ:WWD) last released its quarterly earnings data on Monday, July 29th. The technology company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. Woodward had a return on equity of 17.16% and a net margin of 11.47%. The business had revenue of $847.69 million for the quarter, compared to the consensus estimate of $853.29 million. During the same quarter in the prior year, the business posted $1.37 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities research analysts anticipate that Woodward, Inc. will post 5.91 EPS for the current fiscal year.

Woodward Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. Woodward’s dividend payout ratio is presently 17.48%.

Wall Street Analyst Weigh In

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