Woodward, Inc. (NASDAQ:WWD) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its position in shares of Woodward, Inc. (NASDAQ:WWD) by 39.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,395 shares of the technology company’s stock after purchasing an additional 1,524 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Woodward were worth $898,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in Woodward in the third quarter worth $28,000. Wolff Wiese Magana LLC bought a new position in shares of Woodward during the third quarter worth about $31,000. Capital Performance Advisors LLP acquired a new stake in shares of Woodward in the 3rd quarter worth about $41,000. UMB Bank n.a. lifted its position in Woodward by 101.6% in the 3rd 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 last quarter. Finally, Brooklyn Investment Group acquired a new position in Woodward during the 3rd quarter valued at about $69,000. Institutional investors own 81.18% of the company’s stock.

Woodward Stock Performance

Shares of WWD stock opened at $189.12 on Monday. The stock’s fifty day simple moving average is $176.17 and its 200-day simple moving average is $169.69. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 31.47, a P/E/G ratio of 2.28 and a beta of 1.39. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26. Woodward, Inc. has a 1-year low of $133.56 and a 1-year high of $201.64.

Woodward (NASDAQ:WWD) last released its earnings results on Monday, November 25th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.19. The company had revenue of $855.00 million for the quarter, compared to analysts’ expectations of $810.39 million. Woodward had a return on equity of 17.13% and a net margin of 11.22%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.33 EPS. On average, sell-side analysts predict that Woodward, Inc. will post 6.02 earnings per share for the current fiscal year.

Woodward Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. Woodward’s payout ratio is 16.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WWD shares. Barclays raised their price target on shares of Woodward from $175.00 to $200.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft raised their target price on Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. StockNews.com upgraded Woodward from a “hold” rating to a “buy” rating in a research report on Monday, December 2nd. Wells Fargo & Company lowered their price target on Woodward from $197.00 to $193.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Finally, Truist Financial upped their price objective on shares of Woodward from $226.00 to $229.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Five 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, Woodward has an average rating of “Moderate Buy” and a consensus target price of $190.11.

Insider Buying and Selling at Woodward

In other Woodward news, Director John D. Cohn sold 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $179.57, for a total value of $430,968.00. Following the completion of the sale, the director now directly owns 20,963 shares of the company’s stock, valued at $3,764,325.91. The trade was a 10.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Thomas G. Cromwell sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $174.50, for a total transaction of $1,745,000.00. Following the transaction, the chief operating officer now owns 11,511 shares in the company, valued at $2,008,669.50. This represents a 46.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,313 shares of company stock valued at $10,752,072 in the last quarter. Company insiders own 0.82% of the company’s stock.

Woodward 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.