Fidelis Capital Partners LLC Invests $31,000 in Woodward, Inc. (NASDAQ:WWD)

Fidelis Capital Partners LLC purchased a new position in Woodward, Inc. (NASDAQ:WWDFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 203 shares of the technology company’s stock, valued at approximately $31,000.

Other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC grew its position in shares of Woodward by 21.7% in the third quarter. AQR Capital Management LLC now owns 47,326 shares of the technology company’s stock valued at $5,881,000 after purchasing an additional 8,446 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Woodward in the third quarter valued at $817,000. Graham Capital Management L.P. grew its position in shares of Woodward by 85.4% in the third quarter. Graham Capital Management L.P. now owns 19,568 shares of the technology company’s stock valued at $2,432,000 after purchasing an additional 9,012 shares during the period. Citigroup Inc. grew its position in shares of Woodward by 29.9% in the third quarter. Citigroup Inc. now owns 40,901 shares of the technology company’s stock valued at $5,082,000 after purchasing an additional 9,423 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of Woodward by 93.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,512 shares of the technology company’s stock valued at $2,548,000 after purchasing an additional 9,898 shares during the period. 81.18% of the stock is owned by institutional investors and hedge funds.

Woodward Trading Up 0.2 %

Shares of WWD opened at $173.11 on Wednesday. The stock’s 50-day moving average is $179.35 and its two-hundred day moving average is $155.89. The stock has a market cap of $10.54 billion, a PE ratio of 30.26, a P/E/G ratio of 1.79 and a beta of 1.37. Woodward, Inc. has a 12 month low of $117.20 and a 12 month high of $188.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.62 and a quick ratio of 1.78.

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

Woodward Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Thursday, August 22nd. Woodward’s dividend payout ratio (DPR) is 17.48%.

Insider Buying and Selling

In related news, Director Gregg C. Sengstack sold 6,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $167.01, for a total value of $1,002,060.00. Following the transaction, the director now owns 17,450 shares in the company, valued at $2,914,324.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.12% of the company’s stock.

Analyst Ratings Changes

WWD has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Woodward from $156.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Woodward from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. The Goldman Sachs Group boosted their price target on Woodward from $159.00 to $201.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Truist Financial boosted their price target on Woodward from $143.00 to $152.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Finally, Barclays boosted their price target on Woodward from $140.00 to $175.00 and gave the company an “equal weight” rating in a research report on Monday, May 6th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.38.

Get Our Latest Research Report on WWD

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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