Bryce Point Capital LLC Lowers Holdings in Woodward, Inc. (NASDAQ:WWD)

Bryce Point Capital LLC decreased its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 61.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,412 shares of the technology company’s stock after selling 5,404 shares during the quarter. Bryce Point Capital LLC’s holdings in Woodward were worth $642,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Summit Financial LLC raised its stake in Woodward by 6.5% during the fourth quarter. Summit Financial LLC now owns 1,324 shares of the technology company’s stock valued at $220,000 after buying an additional 81 shares during the last quarter. Xponance Inc. raised its stake in Woodward by 1.2% during the first quarter. Xponance Inc. now owns 6,830 shares of the technology company’s stock valued at $1,246,000 after buying an additional 81 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Woodward by 1.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,649 shares of the technology company’s stock valued at $1,396,000 after buying an additional 82 shares during the last quarter. Merit Financial Group LLC raised its stake in Woodward by 6.2% during the first quarter. Merit Financial Group LLC now owns 1,501 shares of the technology company’s stock valued at $274,000 after buying an additional 88 shares during the last quarter. Finally, Rodgers Brothers Inc. raised its stake in Woodward by 2.0% during the fourth quarter. Rodgers Brothers Inc. now owns 5,110 shares of the technology company’s stock valued at $850,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Insider Activity at Woodward

In other Woodward news, EVP Randall Hobbs sold 846 shares of the business’s stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $250.00, for a total transaction of $211,500.00. Following the completion of the sale, the executive vice president owned 48,981 shares of the company’s stock, valued at approximately $12,245,250. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Terence J. Voskuil sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $231.03, for a total value of $2,310,300.00. Following the sale, the executive vice president directly owned 4,945 shares of the company’s stock, valued at $1,142,443.35. This represents a 66.91% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,096 shares of company stock worth $9,247,289. 0.82% of the stock is owned by insiders.

Woodward Stock Up 0.8%

Woodward stock opened at $257.26 on Monday. The stock has a market cap of $15.27 billion, a PE ratio of 41.56, a price-to-earnings-growth ratio of 3.00 and a beta of 1.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.30 and a current ratio of 1.95. Woodward, Inc. has a one year low of $145.98 and a one year high of $259.40. The stock has a fifty day moving average of $237.88 and a 200 day moving average of $202.90.

Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, April 28th. The technology company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.25. The company had revenue of $883.63 million during the quarter, compared to analysts’ expectations of $838.61 million. Woodward had a return on equity of 16.86% and a net margin of 11.36%. Woodward’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 earnings per share. As a group, sell-side analysts predict that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Thursday, August 21st. Woodward’s dividend payout ratio (DPR) is presently 18.09%.

Analysts Set New Price Targets

A number of research analysts have issued reports on WWD shares. Jefferies Financial Group reiterated a “buy” rating and set a $245.00 price objective (up previously from $225.00) on shares of Woodward in a research note on Friday, May 23rd. Truist Financial boosted their price target on Woodward from $267.00 to $294.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Wells Fargo & Company boosted their price target on Woodward from $175.00 to $193.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft upgraded Woodward from a “hold” rating to a “buy” rating and set a $291.00 price target for the company in a research note on Tuesday, June 3rd. Finally, The Goldman Sachs Group boosted their price target on Woodward from $229.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Woodward currently has an average rating of “Moderate Buy” and a consensus target price of $232.25.

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.