Janney Montgomery Scott LLC Has $6.65 Million Holdings in Woodward, Inc. $WWD

Janney Montgomery Scott LLC boosted its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 0.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,120 shares of the technology company’s stock after acquiring an additional 233 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Woodward were worth $6,647,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB boosted its position in Woodward by 32.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 220 shares of the technology company’s stock worth $54,000 after acquiring an additional 54 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Woodward by 1.6% during the 1st quarter. Russell Investments Group Ltd. now owns 3,765 shares of the technology company’s stock valued at $687,000 after buying an additional 61 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Woodward by 1.2% during the 1st quarter. Xponance Inc. now owns 6,830 shares of the technology company’s stock valued at $1,246,000 after buying an additional 81 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Woodward by 1.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,649 shares of the technology company’s stock valued at $1,396,000 after buying an additional 82 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of Woodward by 6.2% during the 1st quarter. Merit Financial Group LLC now owns 1,501 shares of the technology company’s stock valued at $274,000 after buying an additional 88 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Woodward from $229.00 to $255.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a report on Saturday, September 27th. Alembic Global Advisors upgraded Woodward from a “neutral” rating to an “overweight” rating and set a $281.00 price target for the company in a report on Wednesday, August 20th. Truist Financial lifted their price target on Woodward from $267.00 to $294.00 and gave the company a “buy” rating in a report on Friday, July 11th. Finally, Wolfe Research set a $300.00 target price on Woodward and gave the stock an “outperform” rating in a report on Friday. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $268.67.

Woodward Stock Performance

Shares of NASDAQ WWD opened at $257.72 on Monday. The company has a quick ratio of 1.39, a current ratio of 2.04 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $247.49 and its two-hundred day moving average is $224.57. The company has a market cap of $15.46 billion, a P/E ratio of 40.78, a P/E/G ratio of 2.46 and a beta of 1.26. Woodward, Inc. has a 12 month low of $146.82 and a 12 month high of $267.45.

Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Monday, July 28th. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.62 by $0.14. The company had revenue of $915.45 million for the quarter, compared to the consensus estimate of $884.98 million. Woodward had a return on equity of 16.57% and a net margin of 11.32%.The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.63 EPS. Woodward has set its FY 2025 guidance at 6.500-6.750 EPS. On average, equities analysts expect that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Announces Dividend

The firm also recently declared 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. This represents a $1.12 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 20th. Woodward’s payout ratio is currently 17.72%.

Insider Buying and Selling

In other news, Director John D. Cohn sold 1,750 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $244.32, for a total transaction of $427,560.00. Following the sale, the director directly owned 20,963 shares in the company, valued at approximately $5,121,680.16. The trade was a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.82% of the stock is currently owned by corporate insiders.

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.