Charles Schwab Investment Management Inc. Has $68.20 Million Stake in Woodward, Inc. (NASDAQ:WWD)

Charles Schwab Investment Management Inc. increased its position in Woodward, Inc. (NASDAQ:WWDFree Report) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 500,991 shares of the technology company’s stock after buying an additional 4,147 shares during the period. Charles Schwab Investment Management Inc. owned 0.83% of Woodward worth $68,200,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC acquired a new stake in shares of Woodward in the third quarter worth about $460,000. Teacher Retirement System of Texas lifted its holdings in Woodward by 58.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 22,430 shares of the technology company’s stock worth $2,787,000 after purchasing an additional 8,255 shares during the last quarter. Graybill Wealth Management LTD. boosted its position in Woodward by 1.4% during the third quarter. Graybill Wealth Management LTD. now owns 30,174 shares of the technology company’s stock worth $3,749,000 after purchasing an additional 403 shares during the period. Victory Capital Management Inc. raised its position in shares of Woodward by 3.2% in the third quarter. Victory Capital Management Inc. now owns 10,325 shares of the technology company’s stock valued at $1,283,000 after purchasing an additional 322 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Woodward by 12.4% in the third quarter. Los Angeles Capital Management LLC now owns 83,901 shares of the technology company’s stock worth $10,426,000 after buying an additional 9,259 shares during the last quarter. Institutional investors own 81.18% of the company’s stock.

Woodward Stock Performance

WWD opened at $177.22 on Wednesday. The stock has a market cap of $10.79 billion, a PE ratio of 30.98, a P/E/G ratio of 1.84 and a beta of 1.31. Woodward, Inc. has a 1 year low of $105.18 and a 1 year high of $180.35. The stock’s 50 day simple moving average is $155.23 and its 200-day simple moving average is $142.43. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.28.

Woodward (NASDAQ:WWDGet Free Report) last announced its quarterly earnings results on Monday, April 29th. The technology company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.34. The firm had revenue of $835.34 million for the quarter, compared to analyst estimates of $807.04 million. Woodward had a net margin of 11.09% and a return on equity of 16.50%. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 EPS. Sell-side analysts forecast that Woodward, Inc. will post 5.89 EPS for the current year.

Woodward Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Tuesday, May 21st. Woodward’s payout ratio is 17.48%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Woodward from $156.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Barclays boosted their price objective on Woodward from $140.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. 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 report on Tuesday, April 16th. Alembic Global Advisors lowered Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 price target for the company. in a report on Thursday, February 1st. Finally, UBS Group raised 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Woodward has a consensus rating of “Moderate Buy” and a consensus price target of $173.13.

Read Our Latest Report on WWD

Insider Activity

In other Woodward news, COO Thomas G. Cromwell sold 38,700 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $141.98, for a total value of $5,494,626.00. Following the sale, the chief operating officer now directly owns 11,833 shares in the company, valued at $1,680,049.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director John D. Cohn sold 1,500 shares of Woodward stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $138.86, for a total value of $208,290.00. Following the completion of the transaction, the director now owns 20,531 shares in the company, valued at $2,850,934.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Thomas G. Cromwell sold 38,700 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $141.98, for a total value of $5,494,626.00. Following the sale, the chief operating officer now owns 11,833 shares in the company, valued at $1,680,049.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,200 shares of company stock worth $8,244,976. Company insiders own 1.12% of the company’s stock.

Woodward Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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