Yousif Capital Management LLC Has $4.97 Million Stake in Woodward, Inc. $WWD

Yousif Capital Management LLC decreased its position in Woodward, Inc. (NASDAQ:WWD) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,268 shares of the technology company’s stock after selling 335 shares during the quarter. Yousif Capital Management LLC’s holdings in Woodward were worth $4,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Woodward by 189.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company’s stock valued at $31,000 after purchasing an additional 112 shares during the period. TCTC Holdings LLC grew its holdings in shares of Woodward by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 182 shares of the technology company’s stock valued at $33,000 after acquiring an additional 98 shares in the last quarter. Virtus Advisers LLC bought a new position in shares of Woodward in the 1st quarter valued at about $38,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Woodward by 32.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 220 shares of the technology company’s stock valued at $54,000 after acquiring an additional 54 shares in the last quarter. Finally, Berbice Capital Management LLC grew its holdings in shares of Woodward by 50.0% in the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the technology company’s stock valued at $55,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Insider Activity

In other news, Director John D. Cohn sold 1,750 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $244.32, for a total transaction of $427,560.00. Following the completion of the sale, the director owned 20,963 shares in the company, valued at $5,121,680.16. The trade was a 7.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.82% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wolfe Research set a $300.00 price objective on Woodward and gave the company an “outperform” rating in a report on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Woodward in a report on Wednesday, October 8th. Northcoast Research upgraded Woodward to a “hold” rating in a report on Friday, July 25th. Zacks Research cut Woodward from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Finally, Wall Street Zen cut Woodward from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 13th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $268.67.

Woodward Trading Up 0.7%

Woodward stock opened at $255.34 on Wednesday. Woodward, Inc. has a 52 week low of $146.82 and a 52 week high of $267.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 2.04. The stock has a market capitalization of $15.31 billion, a P/E ratio of 40.40, a PEG ratio of 2.49 and a beta of 1.26. The stock has a 50-day simple moving average of $246.61 and a 200 day simple moving average of $227.47.

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

Woodward Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, November 20th. Woodward’s payout ratio is currently 17.72%.

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.