Woodward, Inc. (NASDAQ:WWD) Shares Sold by Sendero Wealth Management LLC

Sendero Wealth Management LLC lowered its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 29.2% in the first quarter, HoldingsChannel reports. The firm owned 3,513 shares of the technology company’s stock after selling 1,451 shares during the quarter. Sendero Wealth Management LLC’s holdings in Woodward were worth $541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its holdings in Woodward by 79.3% in the 4th quarter. Venturi Wealth Management LLC now owns 199 shares of the technology company’s stock worth $27,000 after buying an additional 88 shares in the last quarter. Mather Group LLC. bought a new position in shares of Woodward in the first quarter worth $34,000. Principal Securities Inc. acquired a new position in shares of Woodward during the fourth quarter valued at $34,000. GAMMA Investing LLC bought a new stake in shares of Woodward during the fourth quarter valued at about $44,000. Finally, Jones Financial Companies Lllp lifted its holdings in Woodward by 4,177.8% in the fourth quarter. Jones Financial Companies Lllp now owns 385 shares of the technology company’s stock worth $52,000 after purchasing an additional 376 shares during the period. 81.18% of the stock is currently owned by institutional investors.

Woodward Price Performance

Shares of WWD traded down $2.91 during trading hours on Friday, hitting $174.38. 677,011 shares of the company were exchanged, compared to its average volume of 409,178. The firm has a fifty day simple moving average of $176.39 and a 200-day simple moving average of $153.81. The company has a market capitalization of $10.62 billion, a PE ratio of 30.49, a PEG ratio of 1.83 and a beta of 1.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.62 and a quick ratio of 1.78. Woodward, Inc. has a one year low of $115.90 and a one year high of $188.35.

Woodward (NASDAQ:WWD) last released its quarterly earnings results on Monday, April 29th. The technology company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.34. The business had revenue of $835.34 million during the quarter, compared to analyst estimates of $807.04 million. Woodward had a return on equity of 16.50% and a net margin of 11.09%. Woodward’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the company posted $1.01 EPS. As a group, sell-side analysts predict that Woodward, Inc. will post 5.88 earnings per share for the current year.

Woodward Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. Woodward’s dividend payout ratio is currently 17.48%.

Wall Street Analyst Weigh In

Several research firms have commented on WWD. Wells Fargo & Company raised their target price on shares of Woodward from $156.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. Truist Financial raised their price objective on shares of Woodward from $143.00 to $152.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Barclays upped their target price on Woodward from $140.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Woodward from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Finally, The Goldman Sachs Group raised their target price on Woodward from $159.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.38.

Insider Activity at Woodward

In other news, Director Gregg C. Sengstack sold 6,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $167.01, for a total value of $1,002,060.00. Following the completion of the sale, the director now owns 17,450 shares of the company’s stock, valued at $2,914,324.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.12% of the stock is owned by insiders.

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.