Van ECK Associates Corp Has $3.12 Million Stake in Woodward, Inc. (NASDAQ:WWD)

Van ECK Associates Corp increased its holdings in shares of Woodward, Inc. (NASDAQ:WWDFree Report) by 36.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,216 shares of the technology company’s stock after purchasing an additional 5,407 shares during the quarter. Van ECK Associates Corp’s holdings in Woodward were worth $3,116,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP raised its position in Woodward by 214.0% during the fourth quarter. GSA Capital Partners LLP now owns 20,654 shares of the technology company’s stock worth $2,812,000 after acquiring an additional 14,077 shares in the last quarter. Vanguard Group Inc. raised its position in Woodward by 1.1% during the third quarter. Vanguard Group Inc. now owns 5,721,250 shares of the technology company’s stock worth $710,923,000 after acquiring an additional 59,884 shares in the last quarter. Bank of Nova Scotia bought a new position in shares of Woodward in the fourth quarter valued at about $1,416,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Woodward by 20.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,204 shares of the technology company’s stock valued at $164,000 after purchasing an additional 204 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Woodward by 2.1% in the fourth quarter. Fifth Third Bancorp now owns 28,648 shares of the technology company’s stock valued at $3,900,000 after purchasing an additional 594 shares during the period. Institutional investors and hedge funds own 81.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WWD shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Woodward from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Barclays raised their target price on shares of Woodward from $140.00 to $175.00 and gave the company an “equal weight” rating in a report on Monday, May 6th. The Goldman Sachs Group raised their target price on shares of Woodward from $159.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Truist Financial raised their target price on shares of Woodward from $143.00 to $152.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Finally, Wells Fargo & Company raised their target price on shares of Woodward from $156.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Woodward has a consensus rating of “Moderate Buy” and a consensus target price of $174.38.

View Our Latest Research Report on WWD

Insiders Place Their Bets

In other Woodward news, Director Gregg C. Sengstack sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $167.01, for a total transaction of $1,002,060.00. Following the sale, the director now directly owns 17,450 shares of the company’s stock, valued at approximately $2,914,324.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.12% of the company’s stock.

Woodward Trading Down 1.1 %

Shares of Woodward stock opened at $172.10 on Friday. The firm has a market capitalization of $10.48 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 1.78 and a beta of 1.37. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $178.70 and its 200 day moving average is $155.21. Woodward, Inc. has a 1 year low of $115.90 and a 1 year high of $188.35.

Woodward (NASDAQ:WWDGet Free Report) last posted its earnings results on Monday, April 29th. The technology company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.34. Woodward had a net margin of 11.09% and a return on equity of 16.50%. The firm had revenue of $835.34 million for the quarter, compared to analyst estimates of $807.04 million. During the same period in the previous year, the firm posted $1.01 EPS. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. Equities research analysts forecast that Woodward, Inc. will post 5.88 earnings per share for the current fiscal year.

Woodward Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 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 0.58%. The ex-dividend date is Thursday, August 22nd. Woodward’s payout ratio is 17.48%.

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.

Further Reading

Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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