Zurcher Kantonalbank Zurich Cantonalbank Increases Position in Woodward, Inc. (NASDAQ:WWD)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Woodward, Inc. (NASDAQ:WWD) by 18.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,038 shares of the technology company’s stock after purchasing an additional 2,063 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Woodward were worth $1,775,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AE Wealth Management LLC grew its stake in Woodward by 16.2% during the third quarter. AE Wealth Management LLC now owns 6,920 shares of the technology company’s stock valued at $860,000 after acquiring an additional 967 shares in the last quarter. Oak Thistle LLC grew its stake in Woodward by 72.5% during the third quarter. Oak Thistle LLC now owns 8,614 shares of the technology company’s stock valued at $1,070,000 after acquiring an additional 3,621 shares in the last quarter. YHB Investment Advisors Inc. grew its stake in shares of Woodward by 98.7% in the 3rd quarter. YHB Investment Advisors Inc. now owns 69,578 shares of the technology company’s stock worth $8,458,000 after buying an additional 34,570 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Woodward in the 3rd quarter worth $438,000. Finally, BluePath Capital Management LLC purchased a new position in shares of Woodward in the 3rd quarter worth $32,000. 81.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Woodward

In related news, Director John D. Cohn sold 1,500 shares of Woodward stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $138.86, for a total transaction of $208,290.00. Following the completion of the sale, the director now owns 20,531 shares in the company, valued at approximately $2,850,934.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Christopher Fawzy sold 11,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $140.00, for a total value of $1,540,000.00. Following the completion of the sale, the executive vice president now owns 4,836 shares in the company, valued at approximately $677,040. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John D. Cohn sold 1,500 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $138.86, for a total transaction of $208,290.00. Following the completion of the sale, the director now owns 20,531 shares of the company’s stock, valued at approximately $2,850,934.66. The disclosure for this sale can be found here. Insiders sold 51,200 shares of company stock worth $7,242,916 in the last 90 days. 1.12% of the stock is owned by corporate insiders.

Woodward Price Performance

Woodward stock opened at $149.61 on Thursday. The firm has a 50-day moving average price of $147.01 and a 200-day moving average price of $138.07. The firm has a market capitalization of $9.02 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 1.83 and a beta of 1.36. The company has a current ratio of 2.65, a quick ratio of 1.69 and a debt-to-equity ratio of 0.30. Woodward, Inc. has a 12-month low of $91.42 and a 12-month high of $160.79.

Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Monday, January 29th. The technology company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.33. Woodward had a net margin of 9.50% and a return on equity of 15.26%. The company had revenue of $786.73 million during the quarter, compared to analyst estimates of $750.13 million. During the same quarter last year, the business posted $0.49 EPS. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. As a group, equities research analysts forecast that Woodward, Inc. will post 5.27 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of Woodward from $134.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. UBS Group lifted their price objective on shares of Woodward from $168.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Truist Financial lifted their price objective on shares of Woodward from $136.00 to $143.00 and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Alembic Global Advisors cut shares of Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 price objective for the company. in a research note on Thursday, February 1st. Finally, StockNews.com lowered shares of Woodward from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Woodward presently has an average rating of “Moderate Buy” and an average target price of $158.22.

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.