Chicago Partners Investment Group LLC Buys 347 Shares of Woodward, Inc. $WWD

Chicago Partners Investment Group LLC raised its stake in Woodward, Inc. (NASDAQ:WWD) by 27.7% during the second quarter, HoldingsChannel.com reports. The fund owned 1,598 shares of the technology company’s stock after acquiring an additional 347 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Woodward were worth $411,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Woodward by 189.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company’s stock valued at $31,000 after acquiring an additional 112 shares during the period. TCTC Holdings LLC grew its holdings in shares of Woodward by 116.7% during the first quarter. TCTC Holdings LLC now owns 182 shares of the technology company’s stock worth $33,000 after purchasing an additional 98 shares during the last quarter. Virtus Advisers LLC bought a new stake in shares of Woodward during the first quarter worth $38,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Woodward by 32.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 220 shares of the technology company’s stock worth $54,000 after purchasing an additional 54 shares during the last quarter. Finally, Berbice Capital Management LLC grew its holdings in shares of Woodward by 50.0% during the first quarter. Berbice Capital Management LLC now owns 300 shares of the technology company’s stock worth $55,000 after purchasing an additional 100 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors.

Insider Activity at Woodward

In related news, Director John D. Cohn sold 1,750 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $244.32, for a total transaction of $427,560.00. Following the sale, the director owned 20,963 shares in the company, valued at $5,121,680.16. This represents a 7.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.82% of the company’s stock.

Woodward Trading Down 2.7%

NASDAQ:WWD opened at $247.40 on Thursday. Woodward, Inc. has a 1-year low of $146.82 and a 1-year high of $267.45. The business’s 50-day moving average price is $246.63 and its two-hundred day moving average price is $230.09. The company has a current ratio of 2.04, a quick ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $14.84 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 2.48 and a beta of 1.26.

Woodward (NASDAQ:WWD) last released its earnings results on Monday, July 28th. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.14. The firm had revenue of $915.45 million for the quarter, compared to analyst estimates of $884.98 million. Woodward had a return on equity of 16.57% and a net margin of 11.32%.The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 earnings per share. Woodward has set its FY 2025 guidance at 6.500-6.750 EPS. On average, equities analysts expect that Woodward, Inc. will post 6.15 earnings per share for the current year.

Woodward Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, November 20th. Woodward’s payout ratio is 17.72%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WWD. Alembic Global Advisors upgraded Woodward from a “neutral” rating to an “overweight” rating and set a $281.00 target price on the stock in a report on Wednesday, August 20th. Truist Financial increased their target price on Woodward from $267.00 to $294.00 and gave the stock a “buy” rating in a report on Friday, July 11th. UBS Group increased their target price on Woodward from $283.00 to $299.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Zacks Research cut Woodward from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Finally, Northcoast Research raised Woodward to a “hold” rating in a research note on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Woodward presently has a consensus rating of “Moderate Buy” and an average price target of $268.67.

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.