Bank of Nova Scotia Makes New $1.42 Million Investment in Woodward, Inc. (NASDAQ:WWD)

Bank of Nova Scotia bought a new position in shares of Woodward, Inc. (NASDAQ:WWDFree Report) during the 4th quarter, Holdings Channel reports. The fund bought 10,400 shares of the technology company’s stock, valued at approximately $1,416,000.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Woodward by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,721,250 shares of the technology company’s stock worth $710,923,000 after purchasing an additional 59,884 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Woodward by 6.3% during the 3rd quarter. Earnest Partners LLC now owns 1,062,665 shares of the technology company’s stock worth $132,047,000 after purchasing an additional 62,897 shares in the last quarter. FMR LLC boosted its position in shares of Woodward by 6.5% during the 3rd quarter. FMR LLC now owns 998,396 shares of the technology company’s stock worth $124,061,000 after purchasing an additional 61,216 shares in the last quarter. Norges Bank purchased a new stake in shares of Woodward during the 4th quarter worth $84,157,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Woodward by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 500,991 shares of the technology company’s stock worth $68,200,000 after buying an additional 4,147 shares in the last quarter. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WWD shares. The Goldman Sachs Group boosted their price objective on shares of Woodward from $159.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Woodward from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Wells Fargo & Company boosted their price objective on shares of Woodward from $156.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. Barclays boosted their price objective on shares of Woodward from $140.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. Finally, Truist Financial boosted their price objective on shares of Woodward from $143.00 to $152.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Woodward currently has an average rating of “Moderate Buy” and a consensus target price of $174.38.

Get Our Latest Report on Woodward

Insider Activity

In other news, Director Gregg C. Sengstack sold 6,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $167.01, for a total transaction of $1,002,060.00. Following the completion of the transaction, the director now owns 17,450 shares of the company’s stock, valued at approximately $2,914,324.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.12% of the company’s stock.

Woodward Price Performance

NASDAQ:WWD opened at $182.07 on Friday. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average is $166.17 and its two-hundred day moving average is $148.18. Woodward, Inc. has a 12-month low of $109.24 and a 12-month high of $188.35.

Woodward (NASDAQ:WWDGet Free Report) last released its earnings results on Monday, April 29th. The technology company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.34. Woodward had a net margin of 11.09% and a return on equity of 16.50%. The company had revenue of $835.34 million for the quarter, compared to analyst estimates of $807.04 million. During the same period in the prior year, the firm earned $1.01 EPS. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. Research analysts expect that Woodward, Inc. will post 5.88 EPS for the current year.

Woodward Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Tuesday, May 21st. Woodward’s dividend payout ratio is currently 17.48%.

Woodward Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding WWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Woodward, Inc. (NASDAQ:WWDFree Report).

Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

Receive News & Ratings for Woodward Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward and related companies with MarketBeat.com's FREE daily email newsletter.