3,145 Shares in Woodward, Inc. (NASDAQ:WWD) Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. bought a new position in shares of Woodward, Inc. (NASDAQ:WWD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,145 shares of the technology company’s stock, valued at approximately $548,000.

A number of other hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC raised its stake in Woodward by 2.4% during the second quarter. Park Avenue Securities LLC now owns 3,277 shares of the technology company’s stock worth $571,000 after buying an additional 76 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Woodward by 3.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,268 shares of the technology company’s stock worth $570,000 after purchasing an additional 95 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Woodward by 13.0% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 870 shares of the technology company’s stock worth $133,000 after purchasing an additional 100 shares during the period. CIBC Asset Management Inc grew its holdings in Woodward by 7.7% in the second quarter. CIBC Asset Management Inc now owns 1,699 shares of the technology company’s stock worth $296,000 after purchasing an additional 121 shares during the period. Finally, Harbour Investments Inc. grew its holdings in Woodward by 9.8% in the second quarter. Harbour Investments Inc. now owns 1,891 shares of the technology company’s stock worth $330,000 after purchasing an additional 168 shares during the period. Institutional investors own 81.18% of the company’s stock.

Wall Street Analyst Weigh In

WWD has been the subject of a number of research reports. The Goldman Sachs Group reduced their price target on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. TD Cowen restated a “hold” rating and issued a $160.00 price target (down from $186.00) on shares of Woodward in a report on Friday. StockNews.com upgraded shares of Woodward from a “hold” rating to a “buy” rating in a report on Friday. Jefferies Financial Group upgraded shares of Woodward from a “hold” rating to a “buy” rating and lifted their price objective for the company from $170.00 to $190.00 in a report on Wednesday, July 31st. Finally, Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and lifted their price objective for the company from $152.00 to $187.00 in a report on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.

Woodward Stock Up 0.8 %

WWD opened at $167.62 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.29. The company’s 50-day moving average is $162.51 and its 200 day moving average is $167.64. Woodward, Inc. has a fifty-two week low of $119.03 and a fifty-two week high of $188.35. The firm has a market capitalization of $10.21 billion, a P/E ratio of 29.30, a PEG ratio of 1.78 and a beta of 1.37.

Woodward (NASDAQ:WWD) last released its quarterly earnings results on Monday, July 29th. The technology company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. Woodward had a net margin of 11.47% and a return on equity of 17.16%. The company had revenue of $847.69 million for the quarter, compared to analyst estimates of $853.29 million. During the same period last year, the firm earned $1.37 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. Research analysts expect that Woodward, Inc. will post 5.91 earnings per share for the current fiscal year.

Woodward Announces Dividend

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

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.