Woodward, Inc. (NASDAQ:WWD) Shares Sold by FormulaFolio Investments LLC

FormulaFolio Investments LLC lessened its position in Woodward, Inc. (NASDAQ:WWD) by 69.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,642 shares of the technology company’s stock after selling 8,207 shares during the period. FormulaFolio Investments LLC’s holdings in Woodward were worth $443,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WWD. FMR LLC lifted its stake in shares of Woodward by 114.4% in the 1st quarter. FMR LLC now owns 540,692 shares of the technology company’s stock worth $51,306,000 after acquiring an additional 288,545 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Woodward by 24.2% in the 3rd quarter. Guggenheim Capital LLC now owns 10,535 shares of the technology company’s stock worth $844,000 after acquiring an additional 2,050 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Woodward by 3.2% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 77,209 shares of the technology company’s stock worth $6,189,000 after acquiring an additional 2,365 shares during the period. ProShare Advisors LLC lifted its stake in shares of Woodward by 3.9% in the 3rd quarter. ProShare Advisors LLC now owns 4,104 shares of the technology company’s stock worth $329,000 after acquiring an additional 154 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Woodward by 259.4% in the third quarter. Morgan Stanley now owns 132,167 shares of the technology company’s stock valued at $10,595,000 after purchasing an additional 95,392 shares during the period. Institutional investors own 81.02% of the company’s stock.

In other news, VP Christopher Fawzy sold 7,000 shares of Woodward stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $119.75, for a total transaction of $838,250.00. Following the completion of the sale, the vice president now directly owns 10,506 shares in the company, valued at $1,258,093.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas A. Gendron sold 16,828 shares of Woodward stock in a transaction dated Monday, March 1st. The stock was sold at an average price of $118.32, for a total transaction of $1,991,088.96. Following the sale, the chief executive officer now owns 22,615 shares of the company’s stock, valued at $2,675,806.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 213,604 shares of company stock valued at $25,151,523. Insiders own 4.20% of the company’s stock.

Several analysts recently commented on WWD shares. Truist upgraded shares of Woodward from a “sell” rating to a “hold” rating and raised their price objective for the company from $70.00 to $101.00 in a research note on Monday, January 11th. Credit Suisse Group raised their price objective on shares of Woodward from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, February 2nd. Finally, The Goldman Sachs Group started coverage on shares of Woodward in a research note on Sunday, December 13th. They issued a “neutral” rating and a $108.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Woodward presently has a consensus rating of “Hold” and an average price target of $99.63.

NASDAQ:WWD opened at $121.30 on Thursday. The company has a current ratio of 2.31, a quick ratio of 1.36 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $119.13 and a two-hundred day moving average price of $108.99. Woodward, Inc. has a twelve month low of $50.50 and a twelve month high of $127.91. The company has a market capitalization of $7.65 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 1.84 and a beta of 1.51.

Woodward (NASDAQ:WWD) last posted its earnings results on Sunday, January 31st. The technology company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.04). Woodward had a net margin of 9.25% and a return on equity of 15.51%. The business had revenue of $537.62 million for the quarter, compared to analysts’ expectations of $543.91 million. On average, equities research analysts predict that Woodward, Inc. will post 3.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 8th. Stockholders of record on Monday, February 22nd were issued a dividend of $0.162 per share. The ex-dividend date was Friday, February 19th. This is an increase from Woodward’s previous quarterly dividend of $0.08. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.53%. Woodward’s payout ratio is 13.32%.

Woodward 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 offers 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, servo controls, and motors and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.

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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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