Woodward, Inc. (NASDAQ:WWD) Shares Acquired by Centiva Capital LP

Centiva Capital LP grew its holdings in Woodward, Inc. (NASDAQ:WWD) by 20.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,708 shares of the technology company’s stock after purchasing an additional 958 shares during the quarter. Centiva Capital LP’s holdings in Woodward were worth $979,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. True Wealth Design LLC purchased a new position in Woodward in the 3rd quarter valued at approximately $28,000. Wolff Wiese Magana LLC acquired a new stake in shares of Woodward in the third quarter valued at $31,000. AlphaCentric Advisors LLC purchased a new position in Woodward in the second quarter valued at $37,000. Capital Performance Advisors LLP acquired a new position in Woodward during the 3rd quarter worth $41,000. Finally, UMB Bank n.a. increased its holdings in Woodward by 101.6% during the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock worth $42,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Stock Performance

NASDAQ WWD opened at $181.32 on Friday. The company has a fifty day moving average of $170.27 and a two-hundred day moving average of $171.15. The company has a market capitalization of $10.72 billion, a PE ratio of 30.17, a P/E/G ratio of 1.91 and a beta of 1.38. Woodward, Inc. has a 1 year low of $131.12 and a 1 year high of $201.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.89 and a quick ratio of 1.23.

Woodward (NASDAQ:WWD) last announced its earnings results on Monday, November 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.19. The firm had revenue of $855.00 million during the quarter, compared to analysts’ expectations of $810.39 million. Woodward had a return on equity of 17.13% and a net margin of 11.22%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 EPS. As a group, analysts expect that Woodward, Inc. will post 5.98 earnings per share for the current year.

Woodward Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. Woodward’s payout ratio is 16.64%.

Insider Activity at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $177.65, for a total value of $1,776,500.00. Following the transaction, the chief operating officer now directly owns 11,511 shares in the company, valued at approximately $2,044,929.15. This trade represents a 46.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John D. Cohn sold 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $179.57, for a total value of $430,968.00. Following the sale, the director now owns 20,963 shares of the company’s stock, valued at $3,764,325.91. This trade represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,313 shares of company stock worth $8,933,572 in the last 90 days. 1.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WWD has been the subject of several recent research reports. Truist Financial reiterated a “buy” rating and issued a $226.00 price objective (up previously from $187.00) on shares of Woodward in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. UBS Group increased their price objective on shares of Woodward from $209.00 to $228.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. TD Cowen reaffirmed a “hold” rating and set a $160.00 price objective (down from $186.00) on shares of Woodward in a research report on Friday, October 4th. Finally, Barclays increased their target price on Woodward from $175.00 to $200.00 and gave the company an “equal weight” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Woodward currently has an average rating of “Moderate Buy” and a consensus price target of $187.44.

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.