Corient Private Wealth LLC Sells 1,186 Shares of Woodward, Inc. (NASDAQ:WWD)

Corient Private Wealth LLC lowered its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,886 shares of the technology company’s stock after selling 1,186 shares during the quarter. Corient Private Wealth LLC’s holdings in Woodward were worth $3,975,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Atria Wealth Solutions Inc. purchased a new stake in shares of Woodward in the fourth quarter valued at $465,000. JPMorgan Chase & Co. raised its stake in shares of Woodward by 135.1% in the third quarter. JPMorgan Chase & Co. now owns 992,189 shares of the technology company’s stock valued at $170,170,000 after acquiring an additional 570,124 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Woodward in the third quarter valued at $2,547,000. PEAK6 Investments LLC purchased a new stake in shares of Woodward in the third quarter valued at $2,448,000. Finally, Citigroup Inc. raised its stake in shares of Woodward by 12.1% in the third quarter. Citigroup Inc. now owns 64,153 shares of the technology company’s stock valued at $11,003,000 after acquiring an additional 6,917 shares during the period. Institutional investors own 81.18% of the company’s stock.

Insider Activity

In other news, COO Thomas G. Cromwell sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $184.50, for a total value of $1,845,000.00. Following the sale, the chief operating officer now directly owns 15,477 shares in the company, valued at approximately $2,855,506.50. This trade represents a 39.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregg C. Sengstack sold 4,600 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $187.86, for a total transaction of $864,156.00. Following the completion of the sale, the director now owns 17,450 shares in the company, valued at $3,278,157. This represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

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

Woodward Trading Down 0.6 %

NASDAQ WWD opened at $185.39 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.89. The company has a market capitalization of $11.00 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 2.37 and a beta of 1.39. The company’s 50-day simple moving average is $185.66 and its two-hundred day simple moving average is $175.76. Woodward, Inc. has a one year low of $144.45 and a one year high of $201.64.

Woodward (NASDAQ:WWD) last posted its earnings results 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 net margin of 11.18% and a return on equity of 16.76%. During the same quarter in the prior year, the business posted $1.45 EPS. Equities analysts forecast that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Thursday, February 20th. Woodward’s dividend payout ratio (DPR) is currently 18.76%.

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.