Personal CFO Solutions LLC Buys Shares of 1,737 Woodward, Inc. (NASDAQ:WWD)

Personal CFO Solutions LLC bought a new stake in Woodward, Inc. (NASDAQ:WWD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,737 shares of the technology company’s stock, valued at approximately $289,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. True Wealth Design LLC purchased a new position in shares of Woodward in the 3rd quarter valued at approximately $28,000. Berbice Capital Management LLC purchased a new position in shares of Woodward in the 4th quarter valued at approximately $33,000. Capital Performance Advisors LLP purchased a new position in shares of Woodward in the 3rd quarter valued at approximately $41,000. Mather Group LLC. grew its stake in shares of Woodward by 44.8% in the 4th quarter. Mather Group LLC. now owns 278 shares of the technology company’s stock valued at $46,000 after purchasing an additional 86 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Woodward in the 4th quarter valued at approximately $57,000. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Woodward

In other news, Director Gregg C. Sengstack sold 4,600 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $187.86, for a total value of $864,156.00. Following the completion of the transaction, the director now directly owns 17,450 shares of the company’s stock, valued at $3,278,157. The trade was a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on WWD shares. UBS Group raised their price target on Woodward from $216.00 to $232.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company raised their price target on Woodward from $193.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. StockNews.com raised Woodward from a “hold” rating to a “buy” rating in a report on Friday. Truist Financial raised their price target on Woodward from $226.00 to $229.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, Barclays raised their price target on Woodward from $175.00 to $200.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $197.38.

Woodward Stock Performance

Shares of WWD stock opened at $173.24 on Tuesday. The stock has a fifty day moving average price of $184.29 and a 200 day moving average price of $174.62. The stock has a market cap of $10.28 billion, a PE ratio of 29.02, a P/E/G ratio of 2.37 and a beta of 1.39. Woodward, Inc. has a 1 year low of $144.13 and a 1 year high of $201.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.89.

Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Monday, February 3rd. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.21. Woodward had a return on equity of 16.76% and a net margin of 11.18%. During the same quarter in the previous year, the firm earned $1.45 earnings per share. Sell-side analysts forecast that Woodward, Inc. will post 6.15 earnings per share for the current fiscal year.

Woodward Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. This is a boost from Woodward’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 20th. Woodward’s payout ratio is 18.76%.

About Woodward

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.