Sequoia Financial Advisors LLC Grows Stock Position in Woodward, Inc. (NASDAQ:WWD)

Sequoia Financial Advisors LLC boosted its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 11.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,577 shares of the technology company’s stock after buying an additional 1,628 shares during the period. Sequoia Financial Advisors LLC’s holdings in Woodward were worth $2,592,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in Woodward in the third quarter worth $28,000. Berbice Capital Management LLC bought a new position in shares of Woodward during the 4th quarter worth $33,000. NBT Bank N A NY bought a new position in shares of Woodward during the 4th quarter worth $34,000. Mather Group LLC. grew its position in shares of Woodward by 44.8% during the 4th quarter. Mather Group LLC. now owns 278 shares of the technology company’s stock worth $46,000 after buying an additional 86 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Woodward during the 4th quarter worth $57,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays increased their price target on Woodward from $175.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Truist Financial raised their price objective on Woodward from $226.00 to $229.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. StockNews.com raised Woodward from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Wells Fargo & Company raised their price target on Woodward from $193.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Finally, UBS Group raised their price objective on Woodward from $216.00 to $232.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Woodward currently has an average rating of “Moderate Buy” and a consensus price target of $197.38.

Woodward Stock Up 2.1 %

Woodward stock opened at $180.53 on Friday. The stock has a market capitalization of $10.72 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 2.37 and a beta of 1.39. Woodward, Inc. has a 12 month low of $144.29 and a 12 month high of $201.64. The business has a 50 day simple moving average of $184.98 and a 200-day simple moving average of $174.87. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 1.19.

Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, February 3rd. The technology company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.21. Woodward had a return on equity of 16.76% and a net margin of 11.18%. During the same period in the previous year, the firm earned $1.45 earnings per share. On average, analysts anticipate that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were issued a $0.28 dividend. This is a boost from Woodward’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 0.62%. The ex-dividend date was Thursday, February 20th. Woodward’s dividend payout ratio is presently 18.76%.

Insider Buying and Selling at Woodward

In other news, Director Gregg C. Sengstack sold 4,600 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $187.86, for a total transaction of $864,156.00. Following the completion of the transaction, the director now directly owns 17,450 shares in the company, valued at approximately $3,278,157. This represents a 20.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.82% of the stock is owned by company insiders.

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.