Woodward, Inc. (NASDAQ:WWD) Shares Sold by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. reduced its position in shares of Woodward, Inc. (NASDAQ:WWD) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,049 shares of the technology company’s stock after selling 120 shares during the period. YHB Investment Advisors Inc. owned about 0.05% of Woodward worth $5,001,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WWD. CIBC Asset Management Inc raised its holdings in shares of Woodward by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,758 shares of the technology company’s stock worth $302,000 after purchasing an additional 59 shares during the period. Atomi Financial Group Inc. raised its stake in Woodward by 5.1% during the fourth quarter. Atomi Financial Group Inc. now owns 1,355 shares of the technology company’s stock worth $225,000 after acquiring an additional 66 shares during the period. Delta Capital Management LLC lifted its holdings in Woodward by 4.0% in the fourth quarter. Delta Capital Management LLC now owns 1,805 shares of the technology company’s stock worth $300,000 after acquiring an additional 70 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in Woodward by 5.3% in the fourth quarter. AdvisorNet Financial Inc now owns 1,790 shares of the technology company’s stock valued at $298,000 after acquiring an additional 90 shares during the period. Finally, Commerce Bank boosted its stake in Woodward by 2.1% in the third quarter. Commerce Bank now owns 4,624 shares of the technology company’s stock valued at $793,000 after acquiring an additional 95 shares during the period. 81.18% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Woodward news, Director John D. Cohn sold 2,400 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $179.57, for a total transaction of $430,968.00. Following the transaction, the director now directly owns 20,963 shares of the company’s stock, valued at $3,764,325.91. This represents a 10.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Thomas G. Cromwell sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $181.85, for a total value of $1,818,500.00. Following the completion of the sale, the chief operating officer now directly owns 11,511 shares of the company’s stock, valued at $2,093,275.35. This represents a 46.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,313 shares of company stock worth $10,752,072. Insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Wells Fargo & Company reduced their price target on shares of Woodward from $197.00 to $193.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Truist Financial raised their price target on shares of Woodward from $226.00 to $229.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Barclays raised their price target on Woodward from $175.00 to $200.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. Finally, TD Cowen reissued a “hold” rating and set a $160.00 target price (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Woodward presently has an average rating of “Moderate Buy” and an average price target of $190.11.

Woodward Price Performance

NASDAQ WWD opened at $184.09 on Tuesday. The company has a 50 day simple moving average of $178.02 and a 200-day simple moving average of $170.30. Woodward, Inc. has a 52-week low of $133.56 and a 52-week high of $201.64. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 2.42 and a beta of 1.39. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.89 and a quick ratio of 1.23.

Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Monday, November 25th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.22 by $0.19. Woodward had a net margin of 11.22% and a return on equity of 17.13%. The business had revenue of $855.00 million for the quarter, compared to analysts’ expectations of $810.39 million. During the same period in the previous year, the company posted $1.33 EPS. Woodward’s revenue was up 10.0% on a year-over-year basis. Equities research analysts predict that Woodward, Inc. will post 6 earnings per share for the current fiscal year.

Woodward Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. Woodward’s payout ratio is 16.64%.

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.