Woodward, Inc. (NASDAQ:WWD) Stock Holdings Decreased by Agate Pass Investment Management LLC

Agate Pass Investment Management LLC lowered its position in shares of Woodward, Inc. (NASDAQ:WWD) by 2.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,498 shares of the technology company’s stock after selling 140 shares during the quarter. Agate Pass Investment Management LLC’s holdings in Woodward were worth $1,114,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP raised its stake in Woodward by 214.0% during the 4th quarter. GSA Capital Partners LLP now owns 20,654 shares of the technology company’s stock valued at $2,812,000 after purchasing an additional 14,077 shares during the period. Acadian Asset Management LLC raised its position in Woodward by 743.5% during the first quarter. Acadian Asset Management LLC now owns 223,639 shares of the technology company’s stock valued at $34,452,000 after buying an additional 197,125 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in Woodward in the 1st quarter worth about $3,962,000. Van ECK Associates Corp boosted its position in Woodward by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 20,216 shares of the technology company’s stock worth $3,116,000 after acquiring an additional 5,407 shares during the period. Finally, Ontario Teachers Pension Plan Board purchased a new position in Woodward during the 1st quarter valued at about $1,301,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Woodward Stock Down 1.4 %

WWD stock opened at $159.71 on Friday. The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 1.73 and a beta of 1.37. The company has a 50-day moving average of $162.56 and a two-hundred day moving average of $167.88. Woodward, Inc. has a 52-week low of $119.03 and a 52-week high of $188.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.29.

Woodward (NASDAQ:WWD) last announced its earnings results on Monday, July 29th. The technology company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.11. The firm had revenue of $847.69 million during the quarter, compared to the consensus estimate of $853.29 million. Woodward had a return on equity of 17.16% and a net margin of 11.47%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 EPS. As a group, equities research analysts anticipate that Woodward, Inc. will post 5.92 EPS for the current year.

Woodward Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Thursday, November 21st. Woodward’s dividend payout ratio (DPR) is currently 16.72%.

Analyst Ratings Changes

WWD has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their price target on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. TD Cowen reissued a “hold” rating and set a $160.00 target price (down previously from $186.00) on shares of Woodward in a research note on Friday, October 4th. StockNews.com upgraded Woodward from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Truist Financial raised Woodward from a “hold” rating to a “buy” rating and upped their target price for the stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $174.67.

Woodward Company 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.