Hantz Financial Services Inc. Buys 244 Shares of Woodward, Inc. $WWD

Hantz Financial Services Inc. increased its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 2,218.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 255 shares of the technology company’s stock after acquiring an additional 244 shares during the quarter. Hantz Financial Services Inc.’s holdings in Woodward were worth $62,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. lifted its position in Woodward by 2.5% during the first quarter. Crossmark Global Holdings Inc. now owns 4,223 shares of the technology company’s stock valued at $771,000 after purchasing an additional 105 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Woodward by 12.8% in the first quarter. Cerity Partners LLC now owns 12,153 shares of the technology company’s stock valued at $2,218,000 after acquiring an additional 1,381 shares during the period. State of Michigan Retirement System raised its stake in shares of Woodward by 0.7% in the first quarter. State of Michigan Retirement System now owns 14,210 shares of the technology company’s stock valued at $2,593,000 after acquiring an additional 100 shares during the period. Xponance Inc. raised its stake in shares of Woodward by 1.2% in the first quarter. Xponance Inc. now owns 6,830 shares of the technology company’s stock valued at $1,246,000 after acquiring an additional 81 shares during the period. Finally, Berbice Capital Management LLC raised its stake in shares of Woodward by 50.0% in the first quarter. Berbice Capital Management LLC now owns 300 shares of the technology company’s stock valued at $55,000 after acquiring an additional 100 shares during the period. Institutional investors own 81.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Woodward from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Alembic Global Advisors raised shares of Woodward from a “neutral” rating to an “overweight” rating and set a $281.00 price target on the stock in a research note on Wednesday, August 20th. Wolfe Research set a $300.00 price target on shares of Woodward and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Truist Financial raised their price target on shares of Woodward from $267.00 to $294.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, Wall Street Zen downgraded shares of Woodward from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $268.67.

Woodward Stock Up 1.3%

NASDAQ:WWD opened at $262.32 on Thursday. Woodward, Inc. has a fifty-two week low of $146.82 and a fifty-two week high of $270.21. The stock has a market capitalization of $15.73 billion, a P/E ratio of 41.51, a P/E/G ratio of 2.61 and a beta of 1.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 2.04. The company’s 50-day simple moving average is $249.90 and its 200-day simple moving average is $237.71.

Woodward Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be paid a $0.28 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.12 dividend on an annualized basis and a yield of 0.4%. Woodward’s dividend payout ratio (DPR) is 17.72%.

Insider Buying and Selling

In related news, Director John D. Cohn sold 1,750 shares of Woodward stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $244.32, for a total value of $427,560.00. Following the completion of the sale, the director directly owned 20,963 shares in the company, valued at $5,121,680.16. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.82% of the stock is owned by company 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.