Maven Securities LTD Has $366,000 Holdings in Woodward, Inc. (NASDAQ:WWD)

Maven Securities LTD trimmed its position in shares of Woodward, Inc. (NASDAQ:WWD) by 27.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,200 shares of the technology company’s stock after selling 821 shares during the period. Maven Securities LTD’s holdings in Woodward were worth $366,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new position in shares of Woodward during the fourth quarter worth $33,000. NBT Bank N A NY acquired a new position in Woodward in the 4th quarter worth about $34,000. Mather Group LLC. raised its position in Woodward by 44.8% in the fourth quarter. Mather Group LLC. now owns 278 shares of the technology company’s stock valued at $46,000 after purchasing an additional 86 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Woodward during the fourth quarter valued at about $57,000. Finally, UMB Bank n.a. grew its holdings in shares of Woodward by 52.0% during the fourth quarter. UMB Bank n.a. now owns 374 shares of the technology company’s stock worth $62,000 after purchasing an additional 128 shares during the last quarter. 81.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WWD has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft set a $187.00 price target on shares of Woodward and gave the company a “hold” rating in a research report on Monday, April 14th. Wells Fargo & Company raised their target price on Woodward from $175.00 to $193.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. StockNews.com upgraded Woodward from a “hold” rating to a “buy” rating in a research report on Tuesday, April 29th. Truist Financial raised their price objective on Woodward from $205.00 to $209.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Finally, UBS Group upped their target price on Woodward from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $195.00.

Woodward Price Performance

Shares of NASDAQ:WWD opened at $203.33 on Wednesday. Woodward, Inc. has a twelve month low of $145.98 and a twelve month high of $204.77. The stock’s 50 day moving average is $180.51 and its 200-day moving average is $179.72. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 2.37 and a beta of 1.24.

Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Monday, April 28th. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.25. Woodward had a net margin of 11.18% and a return on equity of 16.76%. The firm had revenue of $883.63 million during the quarter, compared to analysts’ expectations of $838.61 million. During the same period last year, the company earned $1.62 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. Sell-side analysts forecast that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.12 annualized dividend and a yield of 0.55%. Woodward’s dividend payout ratio (DPR) is currently 18.09%.

Insider Activity at Woodward

In other Woodward news, Director John D. Cohn sold 2,800 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $191.52, for a total value of $536,256.00. Following the transaction, the director now directly owns 20,965 shares in the company, valued at $4,015,216.80. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Thomas G. Cromwell sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $184.50, for a total transaction of $1,845,000.00. Following the sale, the chief operating officer now owns 15,477 shares of the company’s stock, valued at approximately $2,855,506.50. The trade was a 39.25% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 30,700 shares of company stock valued at $5,751,700. 0.82% of the stock is owned by 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.