Pallas Capital Advisors LLC Sells 341 Shares of Woodward, Inc. $WWD

Pallas Capital Advisors LLC trimmed its position in shares of Woodward, Inc. (NASDAQ:WWD) by 13.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,224 shares of the technology company’s stock after selling 341 shares during the period. Pallas Capital Advisors LLC’s holdings in Woodward were worth $545,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WWD. MassMutual Private Wealth & Trust FSB lifted its holdings in Woodward by 191.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 166 shares of the technology company’s stock valued at $30,000 after purchasing an additional 109 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Woodward by 2,314.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the technology company’s stock valued at $31,000 after acquiring an additional 162 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Woodward by 189.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company’s stock worth $31,000 after purchasing an additional 112 shares during the last quarter. TCTC Holdings LLC lifted its position in Woodward by 116.7% during the first quarter. TCTC Holdings LLC now owns 182 shares of the technology company’s stock valued at $33,000 after buying an additional 98 shares in the last quarter. Finally, Virtus Advisers LLC bought a new stake in shares of Woodward in the first quarter worth $38,000. Institutional investors own 81.18% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Randall Hobbs sold 846 shares of Woodward stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $250.00, for a total transaction of $211,500.00. Following the completion of the transaction, the executive vice president directly owned 48,981 shares in the company, valued at $12,245,250. The trade was a 1.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John D. Cohn sold 1,750 shares of Woodward stock in a transaction on Monday, September 8th. The shares were sold at an average price of $244.32, for a total transaction of $427,560.00. Following the completion of the transaction, the director owned 20,963 shares in the company, valued at approximately $5,121,680.16. This trade represents a 7.70% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.82% of the company’s stock.

Woodward Trading Down 0.8%

Shares of WWD stock opened at $238.11 on Friday. Woodward, Inc. has a 12-month low of $146.82 and a 12-month high of $267.45. The stock’s 50-day moving average price is $248.95 and its 200-day moving average price is $219.59. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of 37.68, a price-to-earnings-growth ratio of 2.58 and a beta of 1.27. The company has a current ratio of 2.04, a quick ratio of 1.39 and a debt-to-equity ratio of 0.20.

Woodward (NASDAQ:WWD) last posted its earnings results on Monday, July 28th. The technology company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.14. The company had revenue of $915.45 million during the quarter, compared to analyst estimates of $884.98 million. Woodward had a return on equity of 16.57% and a net margin of 11.32%.Woodward’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.63 earnings per share. Woodward has set its FY 2025 guidance at 6.500-6.750 EPS. Equities research analysts predict that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.12 dividend on an annualized basis and a yield of 0.5%. Woodward’s payout ratio is presently 17.72%.

Wall Street Analyst Weigh In

A number of analysts recently commented on WWD shares. UBS Group boosted their target price on shares of Woodward from $283.00 to $299.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Barclays lifted their price objective on Woodward from $200.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Northcoast Research upgraded Woodward to a “hold” rating in a research note on Friday, July 25th. Wall Street Zen lowered Woodward from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Zacks Research downgraded Woodward from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $253.11.

Woodward 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.