Allspring Global Investments Holdings LLC Sells 1,167 Shares of Woodward, Inc. (NASDAQ:WWD)

Allspring Global Investments Holdings LLC trimmed its position in Woodward, Inc. (NASDAQ:WWD) by 86.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180 shares of the technology company’s stock after selling 1,167 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Woodward were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. CIBC Asset Management Inc increased its position in shares of Woodward by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,758 shares of the technology company’s stock worth $302,000 after purchasing an additional 59 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Woodward by 5.1% in the 4th quarter. Atomi Financial Group Inc. now owns 1,355 shares of the technology company’s stock worth $225,000 after buying an additional 66 shares during the last quarter. Delta Capital Management LLC raised its position in shares of Woodward by 4.0% during the 4th quarter. Delta Capital Management LLC now owns 1,805 shares of the technology company’s stock valued at $300,000 after buying an additional 70 shares in the last quarter. Mather Group LLC. raised its position in shares of Woodward by 44.8% during the 4th quarter. Mather Group LLC. now owns 278 shares of the technology company’s stock valued at $46,000 after buying an additional 86 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Woodward by 5.3% during the 4th quarter. AdvisorNet Financial Inc now owns 1,790 shares of the technology company’s stock worth $298,000 after acquiring an additional 90 shares during the last quarter. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Woodward news, Director John D. Cohn sold 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 approximately $3,764,325.91. This represents a 10.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas G. Cromwell sold 10,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $179.54, for a total transaction of $1,795,400.00. Following the sale, the chief operating officer now owns 11,511 shares in the company, valued at approximately $2,066,684.94. This trade represents a 46.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,400 shares of company stock worth $5,844,768. 0.82% of the stock is currently owned by company insiders.

Woodward Stock Performance

NASDAQ:WWD opened at $183.91 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.89. Woodward, Inc. has a fifty-two week low of $136.25 and a fifty-two week high of $201.64. The firm has a market cap of $10.92 billion, a PE ratio of 30.81, a price-to-earnings-growth ratio of 2.37 and a beta of 1.40. The business has a 50 day moving average price of $182.64 and a 200-day moving average price of $173.21.

Woodward (NASDAQ:WWD) last announced its quarterly earnings results on Monday, February 3rd. The technology company reported $1.35 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the company posted $1.45 earnings per share. Equities research analysts predict that Woodward, Inc. will post 6.15 earnings per share for the current year.

Woodward Increases Dividend

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

Analysts Set New Price Targets

WWD has been the topic of a number of research analyst reports. Truist Financial increased their target price on Woodward from $226.00 to $229.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. StockNews.com lowered Woodward from a “buy” rating to a “hold” rating in a research report on Tuesday. UBS Group boosted their target price on Woodward from $216.00 to $232.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company increased their price target on shares of Woodward from $193.00 to $205.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Finally, Barclays boosted their price objective on shares of Woodward from $175.00 to $200.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Woodward has an average rating of “Hold” and a consensus target price of $197.38.

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.