Thrivent Financial for Lutherans Lowers Stake in Woodward, Inc. (NASDAQ:WWD)

Thrivent Financial for Lutherans decreased its position in shares of Woodward, Inc. (NASDAQ:WWD) by 1.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 24,459 shares of the technology company’s stock after selling 391 shares during the period. Thrivent Financial for Lutherans’ holdings in Woodward were worth $4,266,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC boosted its stake in Woodward by 5.2% in the 4th quarter. Hsbc Holdings PLC now owns 10,093 shares of the technology company’s stock worth $1,375,000 after buying an additional 498 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Woodward by 2.1% during the 4th quarter. Treasurer of the State of North Carolina now owns 27,355 shares of the technology company’s stock worth $3,724,000 after acquiring an additional 564 shares during the period. TFO Wealth Partners LLC boosted its position in shares of Woodward by 25,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 518 shares of the technology company’s stock worth $71,000 after acquiring an additional 516 shares during the last quarter. Evoke Wealth LLC purchased a new stake in Woodward in the fourth quarter valued at approximately $631,000. Finally, Bank of Nova Scotia acquired a new position in Woodward during the fourth quarter worth approximately $1,416,000. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Trading Up 0.0 %

NASDAQ WWD opened at $170.51 on Friday. The stock has a market cap of $10.38 billion, a P/E ratio of 29.81, a PEG ratio of 1.77 and a beta of 1.37. The company’s fifty day simple moving average is $163.65 and its 200-day simple moving average is $166.87. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. Woodward, Inc. has a 52 week low of $119.03 and a 52 week high of $188.35.

Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Monday, July 29th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.11. The firm had revenue of $847.69 million for the quarter, compared to analyst estimates of $853.29 million. Woodward had a net margin of 11.47% and a return on equity of 17.16%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 EPS. Equities research analysts predict that Woodward, Inc. will post 5.91 EPS for the current fiscal year.

Woodward Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s dividend payout ratio is currently 17.48%.

Analysts Set New Price Targets

A number of analysts have recently commented on WWD shares. Deutsche Bank Aktiengesellschaft downgraded Woodward from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $197.00 to $158.00 in a report on Wednesday, July 31st. TD Cowen cut their price objective on Woodward from $200.00 to $186.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and boosted their target price for the stock from $170.00 to $190.00 in a report on Wednesday, July 31st. Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and raised their price target for the company from $152.00 to $187.00 in a report on Wednesday, August 21st. Finally, StockNews.com downgraded shares of Woodward from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Woodward presently has an average rating of “Moderate Buy” and an average target price of $177.11.

About Woodward

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.