Tsfg LLC Boosts Stake in Woodward, Inc. (NASDAQ:WWD)

Tsfg LLC raised its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 106.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 660 shares of the technology company’s stock after purchasing an additional 340 shares during the period. Tsfg LLC’s holdings in Woodward were worth $115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WWD. Norges Bank bought a new stake in Woodward during the 4th quarter valued at $84,157,000. Acadian Asset Management LLC lifted its holdings 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 valued at $34,452,000 after purchasing an additional 197,125 shares during the last quarter. Earnest Partners LLC raised its stake in Woodward by 12.3% in the 1st quarter. Earnest Partners LLC now owns 1,345,438 shares of the technology company’s stock worth $207,359,000 after acquiring an additional 147,856 shares during the last quarter. Sei Investments Co. raised its stake in Woodward by 37.6% in the 4th quarter. Sei Investments Co. now owns 524,683 shares of the technology company’s stock worth $71,425,000 after acquiring an additional 143,410 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Woodward by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 5,835,915 shares of the technology company’s stock worth $899,431,000 after acquiring an additional 77,654 shares during the last quarter. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WWD shares. Barclays lifted their price objective on Woodward from $140.00 to $175.00 and gave the stock an “equal weight” rating in a report on Monday, May 6th. Wells Fargo & Company lifted their price target on shares of Woodward from $156.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. StockNews.com lowered shares of Woodward from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group reduced their price target on shares of Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Truist Financial boosted their target price on Woodward from $143.00 to $152.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $173.22.

Woodward Price Performance

WWD traded down $1.63 on Wednesday, hitting $154.41. 363,211 shares of the company were exchanged, compared to its average volume of 431,258. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96. The business’s fifty day moving average is $173.46 and its 200 day moving average is $161.62. 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 $9.21 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.37.

Woodward (NASDAQ:WWD) last announced its earnings results on Monday, July 29th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $847.69 million for the quarter, compared to analyst estimates of $853.29 million. During the same quarter last year, the business earned $1.37 earnings per share. Woodward’s revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Woodward, Inc. will post 5.91 EPS for the current year.

Woodward Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 22nd. Woodward’s dividend payout ratio is presently 17.48%.

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.