Fox Run Management L.L.C. Has $1.57 Million Stock Position in Woodward, Inc. (NASDAQ:WWD)

Fox Run Management L.L.C. increased its position in shares of Woodward, Inc. (NASDAQ:WWD) by 194.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,416 shares of the technology company’s stock after acquiring an additional 6,221 shares during the quarter. Fox Run Management L.L.C.’s holdings in Woodward were worth $1,567,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. True Wealth Design LLC acquired a new stake in Woodward during the 3rd quarter valued at $28,000. Berbice Capital Management LLC purchased a new position in shares of Woodward during the fourth quarter valued at $33,000. NBT Bank N A NY purchased a new position in shares of Woodward during the fourth quarter valued at $34,000. Mather Group LLC. raised its position in Woodward by 44.8% during the fourth quarter. Mather Group LLC. now owns 278 shares of the technology company’s stock valued at $46,000 after buying an additional 86 shares during the period. Finally, R Squared Ltd purchased a new stake in Woodward in the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Insider Transactions at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $184.50, for a total value of $1,845,000.00. Following the sale, the chief operating officer now owns 15,477 shares of the company’s stock, valued at $2,855,506.50. This trade represents a 39.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gregg C. Sengstack sold 4,600 shares of Woodward 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 completion of the transaction, the director now directly owns 17,450 shares in the company, valued at approximately $3,278,157. This represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.82% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Woodward Trading Down 0.6 %

Shares of NASDAQ:WWD opened at $185.39 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $11.00 billion, a PE ratio of 31.05, a P/E/G ratio of 2.37 and a beta of 1.39. Woodward, Inc. has a 1 year low of $144.45 and a 1 year high of $201.64. The firm has a fifty day moving average price of $185.66 and a 200 day moving average price of $175.65.

Woodward (NASDAQ:WWD) last announced its quarterly earnings results 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 period in the previous year, the company earned $1.45 earnings per share. Analysts expect that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were given a $0.28 dividend. This is a positive change from Woodward’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.60%. Woodward’s dividend payout ratio (DPR) is currently 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.