Woodward, Inc. (NASDAQ:WWD) Shares Acquired by Citigroup Inc.

Citigroup Inc. boosted its holdings in Woodward, Inc. (NASDAQ:WWDGet Rating) by 568.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,571 shares of the technology company’s stock after acquiring an additional 57,455 shares during the quarter. Citigroup Inc.’s holdings in Woodward were worth $8,440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp grew its position in Woodward by 1.8% in the 4th quarter. State Street Corp now owns 1,512,737 shares of the technology company’s stock valued at $165,584,000 after buying an additional 27,090 shares in the last quarter. JPMorgan Chase & Co. grew its position in Woodward by 1.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,445,893 shares of the technology company’s stock valued at $158,267,000 after buying an additional 18,752 shares in the last quarter. Geode Capital Management LLC grew its position in Woodward by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 844,050 shares of the technology company’s stock valued at $92,389,000 after buying an additional 51,623 shares in the last quarter. Millennium Management LLC grew its position in Woodward by 39.1% in the 4th quarter. Millennium Management LLC now owns 431,371 shares of the technology company’s stock valued at $47,218,000 after buying an additional 121,257 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Woodward by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 419,635 shares of the technology company’s stock valued at $45,934,000 after purchasing an additional 14,810 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WWD. Wells Fargo & Company reduced their price objective on shares of Woodward from $117.00 to $100.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 2nd. Truist Financial lowered shares of Woodward from a “buy” rating to a “hold” rating and reduced their price objective for the company from $121.00 to $88.00 in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $114.29.

Woodward Price Performance

WWD stock opened at $92.01 on Tuesday. The company has a current ratio of 2.95, a quick ratio of 1.77 and a debt-to-equity ratio of 0.38. Woodward, Inc. has a one year low of $87.43 and a one year high of $129.12. The firm has a market capitalization of $5.54 billion, a PE ratio of 35.25, a P/E/G ratio of 2.57 and a beta of 1.49. The firm has a 50-day moving average of $96.42 and a two-hundred day moving average of $106.09.

Woodward (NASDAQ:WWDGet Rating) last posted its quarterly earnings data on Monday, August 1st. The technology company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.27). Woodward had a net margin of 7.24% and a return on equity of 8.38%. The firm had revenue of $614.33 million for the quarter, compared to analysts’ expectations of $625.04 million. During the same period in the prior year, the company posted $0.74 earnings per share. Woodward’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, analysts forecast that Woodward, Inc. will post 2.65 earnings per share for the current year.

Woodward Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, August 12th. Woodward’s dividend payout ratio (DPR) is 29.12%.

Insider Transactions at Woodward

In related news, Director Paul Donovan purchased 1,100 shares of Woodward stock in a transaction dated Wednesday, August 3rd. The stock was acquired at an average cost of $92.46 per share, with a total value of $101,706.00. Following the completion of the transaction, the director now directly owns 1,100 shares of the company’s stock, valued at $101,706. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Paul Donovan purchased 1,100 shares of Woodward stock in a transaction dated Wednesday, August 3rd. The stock was acquired at an average cost of $92.46 per share, with a total value of $101,706.00. Following the completion of the transaction, the director now directly owns 1,100 shares of the company’s stock, valued at $101,706. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary L. Petrovich sold 5,100 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $102.19, for a total transaction of $521,169.00. Following the completion of the sale, the director now directly owns 6,395 shares of the company’s stock, valued at $653,505.05. The disclosure for this sale can be found here. Insiders purchased 17,100 shares of company stock valued at $1,622,371 over the last three months. 3.90% of the stock is owned by corporate insiders.

Woodward Profile

(Get Rating)

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through 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.

See Also

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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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