Anchor Capital Advisors LLC Sells 217 Shares of Woodward, Inc. (NASDAQ:WWD)

Anchor Capital Advisors LLC reduced its position in Woodward, Inc. (NASDAQ:WWDGet Rating) by 8.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,353 shares of the technology company’s stock after selling 217 shares during the period. Anchor Capital Advisors LLC’s holdings in Woodward were worth $227,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Tredje AP fonden bought a new position in shares of Woodward in the fourth quarter worth approximately $1,117,000. Pinebridge Investments L.P. bought a new position in shares of Woodward in the fourth quarter worth approximately $368,000. First Trust Advisors LP boosted its position in shares of Woodward by 16.1% during the fourth quarter. First Trust Advisors LP now owns 9,868 shares of the technology company’s stock worth $953,000 after acquiring an additional 1,369 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Woodward by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 697,441 shares of the technology company’s stock worth $67,379,000 after acquiring an additional 33,282 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Woodward by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 235,855 shares of the technology company’s stock worth $22,786,000 after acquiring an additional 1,385 shares during the last quarter. 81.74% of the stock is currently owned by institutional investors.

Woodward Price Performance

Woodward stock opened at $106.32 on Friday. Woodward, Inc. has a 52-week low of $79.26 and a 52-week high of $116.24. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 41.05, a PEG ratio of 2.21 and a beta of 1.46. The company has a quick ratio of 1.35, a current ratio of 2.21 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average is $99.55 and its 200 day moving average is $99.45.

Woodward (NASDAQ:WWDGet Rating) last announced its earnings results on Monday, May 1st. The technology company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.24. Woodward had a net margin of 6.12% and a return on equity of 9.39%. The business had revenue of $718.21 million for the quarter, compared to the consensus estimate of $648.42 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. Sell-side analysts forecast that Woodward, Inc. will post 3.58 EPS for the current fiscal year.

Woodward Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Stockholders of record on Monday, May 22nd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, May 19th. Woodward’s dividend payout ratio is currently 33.98%.

Analyst Ratings Changes

A number of brokerages recently weighed in on WWD. Credit Suisse Group upped their target price on shares of Woodward from $120.00 to $125.00 in a research report on Tuesday, May 2nd. Barclays upped their target price on shares of Woodward from $107.00 to $112.00 in a research report on Tuesday, May 9th. StockNews.com began coverage on shares of Woodward in a research report on Thursday, May 18th. They set a “hold” rating for the company. TheStreet upgraded shares of Woodward from a “c” rating to a “b-” rating in a research report on Monday, May 1st. Finally, Truist Financial upped their price target on shares of Woodward from $85.00 to $97.00 in a research note on Tuesday, May 2nd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $104.25.

Insider Activity

In other news, Director Rajeev Bhalla bought 461 shares of Woodward stock in a transaction dated Monday, May 8th. The shares were acquired at an average price of $108.23 per share, with a total value of $49,894.03. Following the completion of the purchase, the director now owns 1,380 shares in the company, valued at approximately $149,357.40. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Ronald M. Sega sold 1,395 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $111.20, for a total value of $155,124.00. Following the transaction, the director now directly owns 13,689 shares in the company, valued at $1,522,216.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Rajeev Bhalla purchased 461 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was bought at an average price of $108.23 per share, for a total transaction of $49,894.03. Following the completion of the acquisition, the director now owns 1,380 shares of the company’s stock, valued at approximately $149,357.40. The disclosure for this purchase can be found here. Insiders own 1.19% of the company’s stock.

Woodward Profile

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Woodward, Inc engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aerospace and Industrial. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air and combustion and motion control.

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Want to see what other hedge funds are holding WWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Woodward, Inc. (NASDAQ:WWDGet Rating).

Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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