Brown Advisory Inc. Purchases 1,503 Shares of Woodward, Inc. (NASDAQ:WWD)

Brown Advisory Inc. grew its position in Woodward, Inc. (NASDAQ:WWDGet Rating) by 0.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 642,531 shares of the technology company’s stock after acquiring an additional 1,503 shares during the period. Brown Advisory Inc. owned about 1.02% of Woodward worth $79,837,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cooke & Bieler LP grew its position in shares of Woodward by 0.7% in the 4th quarter. Cooke & Bieler LP now owns 1,725,550 shares of the technology company’s stock valued at $188,879,000 after acquiring an additional 12,695 shares during the period. State Street Corp lifted its stake in shares of Woodward by 1.8% during the 4th quarter. State Street Corp now owns 1,512,737 shares of the technology company’s stock worth $165,584,000 after buying an additional 27,090 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Woodward by 1.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,445,893 shares of the technology company’s stock worth $158,267,000 after buying an additional 18,752 shares during the last quarter. Ceredex Value Advisors LLC lifted its stake in shares of Woodward by 9.1% during the 4th quarter. Ceredex Value Advisors LLC now owns 1,025,143 shares of the technology company’s stock worth $112,212,000 after buying an additional 85,343 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Woodward by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 844,050 shares of the technology company’s stock worth $92,389,000 after buying an additional 51,623 shares during the last quarter. Institutional investors own 80.05% of the company’s stock.

Insider Activity

In related news, Director Paul Donovan purchased 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were bought at an average cost of $92.46 per share, with a total value of $101,706.00. Following the acquisition, the director now owns 1,100 shares of the company’s stock, valued at approximately $101,706. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Charles P. Blankenship purchased 500 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The shares were bought at an average cost of $98.10 per share, with a total value of $49,050.00. Following the acquisition, the chief executive officer now owns 1,100 shares of the company’s stock, valued at approximately $107,910. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Donovan purchased 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were bought at an average cost of $92.46 per share, for a total transaction of $101,706.00. Following the completion of the acquisition, the director now directly owns 1,100 shares in the company, valued at approximately $101,706. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 2,500 shares of company stock worth $237,861. 3.90% of the stock is currently owned by corporate insiders.

Woodward Price Performance

Shares of Woodward stock opened at $95.23 on Friday. The company has a 50-day simple moving average of $95.21 and a two-hundred day simple moving average of $107.80. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 36.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.48. The company has a quick ratio of 2.29, a current ratio of 2.95 and a debt-to-equity ratio of 0.38. Woodward, Inc. has a twelve month low of $87.43 and a twelve month high of $129.12.

Woodward (NASDAQ:WWDGet Rating) last issued its earnings results on Monday, August 1st. The technology company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.27). The firm had revenue of $614.33 million during the quarter, compared to analyst estimates of $625.04 million. Woodward had a net margin of 7.24% and a return on equity of 8.38%. Woodward’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Analysts forecast that Woodward, Inc. will post 2.68 EPS for the current year.

Woodward Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 29th. Stockholders of record on Monday, August 15th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Friday, August 12th. Woodward’s payout ratio is presently 29.12%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Cowen cut their target price on shares of Woodward from $130.00 to $125.00 in a research note on Tuesday, May 3rd. Wells Fargo & Company cut their target price on shares of Woodward from $117.00 to $100.00 and set an “equal weight” rating for the company in a research note on Tuesday. Truist Financial cut shares of Woodward from a “buy” rating to a “hold” rating and cut their target price for the stock from $121.00 to $88.00 in a research note on Tuesday. Finally, Cowen dropped their price objective on shares of Woodward from $130.00 to $125.00 in a research note on Tuesday, May 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $114.29.

Woodward Company Profile

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Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through 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.

Further Reading

Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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