Delta Capital Management LLC Acquires 70 Shares of Woodward, Inc. (NASDAQ:WWD)

Delta Capital Management LLC lifted its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,805 shares of the technology company’s stock after acquiring an additional 70 shares during the quarter. Delta Capital Management LLC’s holdings in Woodward were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC purchased a new stake in Woodward in the third quarter worth about $28,000. Wolff Wiese Magana LLC bought a new position in shares of Woodward in the 3rd quarter worth approximately $31,000. Capital Performance Advisors LLP bought a new position in shares of Woodward in the 3rd quarter worth approximately $41,000. UMB Bank n.a. lifted its stake in shares of Woodward by 101.6% in the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock valued at $42,000 after purchasing an additional 124 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Woodward during the third quarter valued at approximately $69,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Insider Buying and Selling

In related news, Director John D. Cohn sold 2,400 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $179.57, for a total value of $430,968.00. Following the completion of the transaction, the director now owns 20,963 shares of the company’s stock, valued at approximately $3,764,325.91. This represents a 10.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Thomas G. Cromwell sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $174.50, for a total value of $1,745,000.00. Following the sale, the chief operating officer now directly owns 11,511 shares in the company, valued at approximately $2,008,669.50. This represents a 46.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,313 shares of company stock valued at $10,752,072. 0.82% of the stock is owned by company insiders.

Woodward Stock Performance

WWD stock opened at $189.12 on Friday. 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, Inc. has a 1 year low of $133.56 and a 1 year high of $201.64. The company has a market cap of $11.18 billion, a P/E ratio of 31.47, a price-to-earnings-growth ratio of 2.28 and a beta of 1.39. The stock’s fifty day moving average price is $176.17 and its 200-day moving average price is $169.72.

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, topping the consensus estimate of $1.22 by $0.19. The business had revenue of $855.00 million for 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 for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $1.33 earnings per share. On average, equities analysts forecast that Woodward, Inc. will post 6.02 earnings per share for the current year.

Woodward Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.53%. Woodward’s dividend payout ratio (DPR) is 16.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Cowen reiterated a “hold” rating and issued a $160.00 price objective (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft increased 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. Truist Financial boosted their price objective on shares of Woodward from $226.00 to $229.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Barclays raised their target price on shares of Woodward from $175.00 to $200.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. Finally, UBS Group boosted their price target on Woodward from $209.00 to $228.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Woodward has a consensus rating of “Moderate Buy” and a consensus target price of $190.11.

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.