Woodward, Inc. $WWD Stock Sold by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC cut its position in Woodward, Inc. (NASDAQ:WWD) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,079 shares of the technology company’s stock after selling 2,079 shares during the quarter. Woodward accounts for 2.1% of LaFleur & Godfrey LLC’s holdings, making the stock its 14th largest holding. LaFleur & Godfrey LLC’s holdings in Woodward were worth $17,770,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Bard Associates Inc. acquired a new stake in Woodward during the 2nd quarter worth approximately $28,000. Washington Trust Advisors Inc. acquired a new position in shares of Woodward in the second quarter worth $33,000. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Woodward in the third quarter worth $34,000. Elevation Wealth Partners LLC grew its stake in shares of Woodward by 550.0% in the second quarter. Elevation Wealth Partners LLC now owns 91 shares of the technology company’s stock worth $39,000 after acquiring an additional 77 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Woodward by 82.5% during the first quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock worth $41,000 after acquiring an additional 52 shares during the period. 81.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Shawn McLevige sold 2,150 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $356.82, for a total value of $767,163.00. Following the transaction, the executive vice president owned 3,098 shares in the company, valued at approximately $1,105,428.36. This represents a 40.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WWD shares. Truist Financial increased their price objective on Woodward from $415.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Wall Street Zen cut Woodward from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Woodward in a research note on Thursday, October 15th. Royal Bank Of Canada cut their price target on Woodward from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Zacks Research lowered Woodward from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Woodward presently has an average rating of “Moderate Buy” and a consensus price target of $413.82.

Woodward Price Performance

Shares of WWD opened at $304.06 on Thursday. The firm has a market capitalization of $17.95 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 1.58 and a beta of 0.86. The firm’s fifty day simple moving average is $329.89 and its 200-day simple moving average is $364.29. Woodward, Inc. has a twelve month low of $253.52 and a twelve month high of $450.92. The company has a current ratio of 1.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25.

Woodward (NASDAQ:WWD) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Woodward had a net margin of 13.17% and a return on equity of 21.89%. The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.76 earnings per share. Equities analysts forecast that Woodward, Inc. will post 9.46 EPS for the current fiscal year.

Woodward Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 19th. Woodward’s dividend payout ratio is currently 14.24%.

Woodward Company Profile

Woodward, Inc is an independent designer, manufacturer and service provider of control systems and components for the aerospace and industrial markets. The company develops technologies that help manage the flow of fuel, air, and other fluids, as well as mechanical and electrical energy, in engines and other power-generation systems.

Its aerospace products include fuel pumps and metering systems, engine controls, actuators, air valves, and electric power-management systems for commercial aircraft, business aviation, military aircraft, helicopters, and space applications.