Iron Financial LLC Takes Position in Woodward, Inc. (NASDAQ:WWD)


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Iron Financial LLC acquired a new stake in shares of Woodward, Inc. (NASDAQ:WWD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,708 shares of the technology company’s stock, valued at approximately $208,000.

Several other large investors have also bought and sold shares of WWD. Deccan Value Investors L.P. acquired a new stake in Woodward in the second quarter valued at about $78,079,000. FMR LLC lifted its stake in Woodward by 114.4% in the first quarter. FMR LLC now owns 540,692 shares of the technology company’s stock valued at $51,306,000 after acquiring an additional 288,545 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in Woodward in the third quarter valued at approximately $17,543,000. Arrowstreet Capital Limited Partnership acquired a new stake in Woodward in the third quarter valued at approximately $15,453,000. Finally, BP PLC acquired a new stake in shares of Woodward in the third quarter worth $10,188,000. Institutional investors own 81.02% of the company’s stock.

In other Woodward news, Director Paul Donovan sold 1,695 shares of Woodward stock in a transaction dated Friday, December 4th. The stock was sold at an average price of $118.21, for a total value of $200,365.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert F. Weber, Jr. sold 30,300 shares of Woodward stock in a transaction dated Tuesday, November 24th. The shares were sold at an average price of $114.75, for a total value of $3,476,925.00. Following the completion of the transaction, the chief financial officer now owns 56,853 shares in the company, valued at approximately $6,523,881.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,400 shares of company stock worth $5,983,238. Company insiders own 4.20% of the company’s stock.

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Woodward in a research report on Sunday, December 13th. They set a “neutral” rating and a $108.00 target price on the stock. TheStreet raised shares of Woodward from a “c+” rating to a “b” rating in a report on Thursday, November 19th. Credit Suisse Group upped their price target on shares of Woodward from $100.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, November 20th. Truist upgraded shares of Woodward from a “sell” rating to a “hold” rating and upped their price target for the stock from $70.00 to $101.00 in a research report on Monday. Finally, Barclays downgraded shares of Woodward from an “overweight” rating to an “equal weight” rating and set a $130.00 target price on the stock. in a research report on Friday, December 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $96.38.

Shares of NASDAQ WWD traded down $2.31 during mid-day trading on Wednesday, reaching $124.33. The company had a trading volume of 208,837 shares, compared to its average volume of 310,280. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.36 and a current ratio of 2.31. Woodward, Inc. has a one year low of $46.51 and a one year high of $127.91. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 1.84 and a beta of 1.51. The business’s 50-day simple moving average is $119.12 and its 200 day simple moving average is $92.71.

Woodward (NASDAQ:WWD) last released its earnings results on Wednesday, November 18th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.21. Woodward had a return on equity of 15.51% and a net margin of 9.25%. The firm had revenue of $531.26 million for the quarter, compared to analysts’ expectations of $520.33 million. On average, sell-side analysts anticipate that Woodward, Inc. will post 3.72 EPS for the current year.

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 offers 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, servo controls, and motors and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.

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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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