Woodward, Inc. (NASDAQ:WWD) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its position in shares of Woodward, Inc. (NASDAQ:WWD) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,949 shares of the technology company’s stock after purchasing an additional 315 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Woodward were worth $2,392,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WWD. Wealth Enhancement Advisory Services LLC increased its stake in shares of Woodward by 5.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,711 shares of the technology company’s stock valued at $880,000 after purchasing an additional 299 shares in the last quarter. Toth Financial Advisory Corp lifted its position in shares of Woodward by 99.1% during the 1st quarter. Toth Financial Advisory Corp now owns 4,400 shares of the technology company’s stock valued at $678,000 after buying an additional 2,190 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Woodward in the 1st quarter valued at $332,000. Diversified Trust Co purchased a new stake in Woodward in the 1st quarter worth $698,000. Finally, State of Michigan Retirement System raised its position in Woodward by 2.1% during the first quarter. State of Michigan Retirement System now owns 14,810 shares of the technology company’s stock worth $2,283,000 after acquiring an additional 300 shares during the period. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and boosted their target price for the stock from $152.00 to $187.00 in a research note on Wednesday, August 21st. The Goldman Sachs Group reduced their target price on Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and lifted their price target for the stock from $170.00 to $190.00 in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft increased their price objective on Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. Finally, TD Cowen reaffirmed a “hold” rating and set a $160.00 target price (down previously from $186.00) on shares of Woodward in a research note on Friday, October 4th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Woodward presently has an average rating of “Hold” and an average price target of $174.67.

Woodward Stock Up 0.1 %

NASDAQ WWD opened at $164.41 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. Woodward, Inc. has a 52 week low of $119.03 and a 52 week high of $188.35. The business’s fifty day simple moving average is $164.37 and its 200-day simple moving average is $168.62. The firm has a market cap of $10.01 billion, a PE ratio of 28.74, a P/E/G ratio of 1.75 and a beta of 1.37.

Woodward (NASDAQ:WWD) last posted its earnings results on Monday, July 29th. The technology company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.11. The company had revenue of $847.69 million for the quarter, compared to analyst estimates of $853.29 million. Woodward had a net margin of 11.47% and a return on equity of 17.16%. Woodward’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.37 EPS. As a group, equities analysts anticipate that Woodward, Inc. will post 5.92 earnings per share for the current year.

Woodward Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.25 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.61%. Woodward’s dividend payout ratio is currently 17.48%.

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 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.