Woodward, Inc. (NASDAQ:WWD) Short Interest Declines in August 2023, Amidst Institutional Activity and Insiders’ Transactions

Woodward, Inc. (NASDAQ:WWD) experienced a significant decrease in short interest during the month of August 2023. According to recent data, the short interest totaled 621,700 shares as of August 31st, marking a decline of 34.0% from the previous total of 941,600 shares on August 15th. Currently, approximately 1.1% of the company’s stock is sold short. With an average daily volume of 325,700 shares, the days-to-cover ratio stands at 1.9 days.

Institutional investors and hedge funds have been actively adjusting their positions in Woodward recently. Bessemer Group Inc., for instance, increased its stake in Woodward by 8.4% during the second quarter and now owns 1,161 shares valued at $138,000. Van ECK Associates Corp also grew its holdings by 6.4% during the fourth quarter and now owns 1,707 shares worth $165,000.

Oppenheimer Asset Management Inc., Commonwealth Equity Services LLC, and Belpointe Asset Management LLC are among other institutional investors who have seen growth in their holdings in Woodward by acquiring additional shares during various periods.

Meanwhile, Vice President Christopher Fawzy sold a significant amount of Woodward stock on Thursday, August 31st. The transaction involved selling 5,000 shares at an average price of $130 per share for a total value of $650,000. Following this sale, Fawzy now holds directly about 4,989 shares valued at approximately $648,570.

In another notable transaction involving insiders’ activity within Woodward is Director Rajeev Bhalla purchasing 399 shares of the firm’s stock on Thursday, August 24th at an average price of $125.07 per share for a total value of roughly $49,902.93.

These transactions were made public through legal filings with the Securities & Exchange Commission (SEC) and can be accessed through their website. It is worth noting that insiders collectively sold 11,079 shares of Woodward stock over the past three months, amounting to a total value of $1,426,185. Approximately 1.19% of the company’s stock is owned by corporate insiders.

Furthermore, Woodward recently declared a quarterly dividend. Shareholders who were recorded on Monday, August 14th were entitled to receive a dividend payment of $0.22 per share. This translates to an annualized dividend of $0.88 and yields 0.68%. The ex-dividend date for this particular dividend was set on Friday, August 11th. Currently, Woodward’s payout ratio stands at 26.51%.

In conclusion, Woodward’s short interest witnessed a significant decline in August 2023. Institutional investors and hedge funds have been active in adjusting their positions within the company by either increasing or reducing their stakes in Woodward. Insiders’ buying and selling activities have also been observed during this period. Additionally, Woodward recently announced a quarterly dividend payment for its shareholders.

Woodward, Inc.


Strong Buy

Updated on: 16/09/2023

Price Target

Current $129.02

Concensus $108.00

Low $0.00

Median $117.00

High $0.00

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Social Sentiments

We did not find social sentiment data for this stock

Analyst Ratings

Analyst / firm Rating
Alembic Global Sell
Michael Ciarmoli
Truist Financial
Wells Fargo Sell

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Woodward (NASDAQ:WWD): Unraveling the Mysteries of a Surging Stock

In an unexpected turn of events, Woodward (NASDAQ:WWD) witnessed a notable opening on Friday, with its stock soaring to $129.32. This sent shockwaves through the market as analysts and investors tried to make sense of the sudden surge in value. The perplexing nature of this phenomenon is compounded by several key factors that contribute to Woodward’s financial performance.

Firstly, when examining the moving averages over the last 50 and 200 days, we observe a steady increase in share price over time. The 50-day moving average stands at $125.11, while the 200-day moving average rests at $111.12. These figures illustrate a consistent upward trajectory for Woodward’s stock, leaving many perplexed about the factors driving this remarkable growth.

Furthermore, crucial financial indicators shed light on Woodward’s robust position in the industry. With a quick ratio of 1.63 and a current ratio of 2.54, the company demonstrates its ability to meet short-term obligations effectively. The debt-to-equity ratio of 0.31 further exemplifies Woodward’s solid financial foundation.

Investors are also keen to assess Woodward’s market capitalization, which currently stands at an impressive $7.81 billion. Coupled with a PE ratio of 38.95 and a P/E/G ratio of 2.32, these numbers indicate that investors anticipate significant growth potential in the future.

The beta of Woodward is another factor contributing to its allure among investors and market observers alike. At 1.45, it suggests that the stock is more volatile than the overall market index—adding another layer of bustiness to an already complex situation.

To better comprehend these puzzling trends, one must delve into Woodward’s recent quarterly earnings report released on July 31st earlier this year—an occasion that caught many off guard with astonishing results. In Q3, Woodward reported an astounding EPS (earnings per share) of $1.37, surpassing the consensus estimate by an impressive $0.40.

It was not just the earnings that left the industry stunned; Woodward boasted a remarkable revenue of $800.66 million for the quarter, significantly exceeding analysts’ expectations of $703.49 million. This surge in revenue, amounting to a 30.3% increase compared to the same quarter last year, further perplexes experts, leaving them searching for answers.

The return on equity (ROE) for Woodward during this period also drew attention as it stood at 11.46%, highlighting the company’s ability to generate substantial profits with shareholders’ investments. Additionally, a net margin of 7.34% showcases its efficiency in managing costs and maximizing profitability.

Analysts foresee a promising future for Woodward, projecting an EPS of 4.15 for the current year—a testament to their confidence in the company’s continued success.

As perplexed as market participants are about these extraordinary results and stock movement, they eagerly await further updates from Woodward to gain insights into the factors responsible for this impressive performance. September 15, 2023 marked an unforgettable day in the financial world—one that will undoubtedly be studied and analyzed by experts for years to come.

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