Elwood Capital Partners LP Makes New $832,000 Investment in Woodward, Inc. (NASDAQ:WWD)

Elwood Capital Partners LP acquired a new stake in Woodward, Inc. (NASDAQ:WWD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,000 shares of the technology company’s stock, valued at approximately $832,000. Woodward makes up about 0.8% of Elwood Capital Partners LP’s portfolio, making the stock its 21st largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC purchased a new position in shares of Woodward in the 3rd quarter valued at about $28,000. Berbice Capital Management LLC purchased a new position in Woodward in the fourth quarter worth approximately $33,000. NBT Bank N A NY acquired a new position in Woodward during the 4th quarter worth approximately $34,000. Mather Group LLC. increased its position in shares of Woodward by 44.8% in the 4th 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. Finally, R Squared Ltd acquired a new stake in shares of Woodward in the 4th quarter valued at $57,000. 81.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WWD has been the topic of several recent analyst reports. Truist Financial increased their target price on Woodward from $226.00 to $229.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. StockNews.com upgraded Woodward from a “hold” rating to a “buy” rating in a report on Friday, March 7th. UBS Group boosted their target price on Woodward from $216.00 to $232.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Barclays increased their price target on shares of Woodward from $175.00 to $200.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company lifted their price target on shares of Woodward from $193.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $197.38.

Insider Buying and Selling

In other news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $184.50, for a total transaction of $1,845,000.00. Following the completion of the sale, the chief operating officer now directly owns 15,477 shares in the company, valued at approximately $2,855,506.50. This trade represents a 39.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregg C. Sengstack sold 4,600 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $187.86, for a total value of $864,156.00. Following the sale, the director now directly owns 17,450 shares in the company, valued at $3,278,157. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,900 shares of company stock valued at $5,215,444 over the last quarter. Company insiders own 0.82% of the company’s stock.

Woodward Trading Down 0.4 %

Shares of Woodward stock opened at $182.49 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.89. Woodward, Inc. has a 1 year low of $144.45 and a 1 year high of $201.64. The company’s fifty day moving average is $185.92 and its two-hundred day moving average is $176.89. The company has a market capitalization of $10.83 billion, a P/E ratio of 30.57, a PEG ratio of 2.37 and a beta of 1.39.

Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, February 3rd. The technology company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.21. Woodward had a return on equity of 16.76% and a net margin of 11.18%. During the same quarter in the previous year, the business posted $1.45 earnings per share. Analysts forecast that Woodward, Inc. will post 6.15 earnings per share for the current year.

Woodward Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This is an increase from Woodward’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. Woodward’s payout ratio is 18.76%.

Woodward 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.