Victory Capital Management Inc. lowered its position in Woodward, Inc. (NASDAQ:WWD – Get Rating) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,204 shares of the technology company’s stock after selling 946 shares during the quarter. Victory Capital Management Inc.’s holdings in Woodward were worth $1,248,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC lifted its stake in Woodward by 226.6% during the third quarter. Quadrant Capital Group LLC now owns 307 shares of the technology company’s stock worth $25,000 after purchasing an additional 213 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of Woodward by 210.7% during the third quarter. Rockefeller Capital Management L.P. now owns 696 shares of the technology company’s stock worth $55,000 after buying an additional 472 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Woodward by 46.9% in the first quarter. Captrust Financial Advisors now owns 877 shares of the technology company’s stock valued at $110,000 after acquiring an additional 280 shares during the last quarter. Shell Asset Management Co. acquired a new position in shares of Woodward in the 3rd quarter worth approximately $106,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Woodward during the 3rd quarter worth approximately $110,000. Institutional investors and hedge funds own 81.74% of the company’s stock.
Woodward Trading Up 2.0 %
WWD opened at $107.57 on Friday. The firm has a 50 day simple moving average of $101.22 and a 200 day simple moving average of $99.81. Woodward, Inc. has a fifty-two week low of $79.26 and a fifty-two week high of $116.24. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 41.53, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.21 and a quick ratio of 1.35.
Woodward Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Shareholders of record on Monday, May 22nd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Friday, May 19th. Woodward’s dividend payout ratio (DPR) is currently 33.98%.
Insiders Place Their Bets
In other news, Director Rajeev Bhalla purchased 461 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were acquired at an average cost of $108.23 per share, for a total transaction of $49,894.03. Following the transaction, the director now directly owns 1,380 shares of the company’s stock, valued at approximately $149,357.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Woodward news, Director Rajeev Bhalla bought 461 shares of Woodward stock in a transaction on Monday, May 8th. The shares were purchased at an average cost of $108.23 per share, for a total transaction of $49,894.03. Following the completion of the acquisition, the director now owns 1,380 shares in the company, valued at approximately $149,357.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ronald M. Sega sold 1,395 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $111.20, for a total value of $155,124.00. Following the completion of the sale, the director now owns 13,689 shares of the company’s stock, valued at $1,522,216.80. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. TheStreet upgraded Woodward from a “c” rating to a “b-” rating in a research report on Monday, May 1st. Barclays upped their price target on shares of Woodward from $107.00 to $112.00 in a research report on Tuesday, May 9th. StockNews.com started coverage on shares of Woodward in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Credit Suisse Group upped their target price on shares of Woodward from $120.00 to $125.00 in a research report on Tuesday, May 2nd. Finally, Truist Financial raised their price target on shares of Woodward from $85.00 to $97.00 in a report on Tuesday, May 2nd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $104.25.
About Woodward
Woodward, Inc engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aerospace and Industrial. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air and combustion and motion control.
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