Woodward, Inc. (NASDAQ:WWD) Shares Acquired by US Bancorp DE

US Bancorp DE grew its holdings in Woodward, Inc. (NASDAQ:WWD) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,376 shares of the technology company’s stock after acquiring an additional 521 shares during the quarter. US Bancorp DE’s holdings in Woodward were worth $5,038,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Woodward by 5.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,711 shares of the technology company’s stock worth $880,000 after purchasing an additional 299 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Woodward in the first quarter worth about $295,000. Janney Montgomery Scott LLC raised its stake in shares of Woodward by 4.5% in the first quarter. Janney Montgomery Scott LLC now owns 26,643 shares of the technology company’s stock worth $4,106,000 after purchasing an additional 1,154 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Woodward in the first quarter worth about $31,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Woodward in the first quarter worth about $46,000. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Stock Up 1.6 %

Shares of WWD opened at $163.88 on Tuesday. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. Woodward, Inc. has a 12 month low of $126.31 and a 12 month high of $188.35. The stock’s 50 day moving average is $165.24 and its two-hundred day moving average is $169.44. The firm has a market cap of $9.78 billion, a P/E ratio of 27.24, a PEG ratio of 1.74 and a beta of 1.38.

Woodward Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s dividend payout ratio is presently 16.72%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on WWD shares. StockNews.com cut Woodward from a “buy” rating to a “hold” rating in a research report on Friday. TD Cowen reiterated a “hold” rating and set a $160.00 price target (down from $186.00) on shares of Woodward in a research report on Friday, October 4th. The Goldman Sachs Group reduced their price target on Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price target on Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. Finally, Truist Financial upgraded Woodward from a “hold” rating to a “buy” rating and lifted their price target for the company from $152.00 to $187.00 in a research report on Wednesday, August 21st. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Woodward currently has a consensus rating of “Hold” and an average price target of $174.67.

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.