Pallas Capital Advisors LLC Has $372,000 Stock Holdings in Woodward, Inc. (NASDAQ:WWD)

Pallas Capital Advisors LLC raised its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 68.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,304 shares of the technology company’s stock after purchasing an additional 940 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Woodward were worth $372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of WWD. Acadian Asset Management LLC increased its position in shares of Woodward by 743.5% during the 1st quarter. Acadian Asset Management LLC now owns 223,639 shares of the technology company’s stock worth $34,452,000 after purchasing an additional 197,125 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Woodward during the first quarter worth approximately $3,962,000. Van ECK Associates Corp raised its stake in shares of Woodward by 36.5% in the first quarter. Van ECK Associates Corp now owns 20,216 shares of the technology company’s stock valued at $3,116,000 after acquiring an additional 5,407 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in shares of Woodward in the 1st quarter worth approximately $1,301,000. Finally, Quadrature Capital Ltd grew its position in Woodward by 16.9% during the 1st quarter. Quadrature Capital Ltd now owns 26,042 shares of the technology company’s stock worth $4,011,000 after acquiring an additional 3,759 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WWD has been the subject of several research analyst reports. Jefferies Financial Group upgraded 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 research report on Wednesday, July 31st. Truist Financial raised Woodward from a “hold” rating to a “buy” rating and lifted their price target for the company from $152.00 to $187.00 in a report on Wednesday, August 21st. TD Cowen reissued a “hold” rating and set a $160.00 price objective (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. The Goldman Sachs Group dropped their target price on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Woodward has an average rating of “Hold” and an average price target of $174.67.

Woodward Stock Down 0.7 %

Shares of NASDAQ:WWD opened at $164.09 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 stock has a market cap of $9.79 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 1.74 and a beta of 1.37. The company has a 50 day moving average of $165.17 and a 200-day moving average of $169.07. Woodward, Inc. has a one year low of $120.82 and a one year high of $188.35.

Woodward (NASDAQ:WWD) last issued its earnings results on Monday, July 29th. The technology company reported $1.63 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $853.29 million. During the same quarter in the previous year, the company posted $1.37 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts forecast that Woodward, Inc. will post 5.92 earnings per share for the current year.

Woodward Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.61%. Woodward’s dividend payout ratio is presently 16.72%.

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.