Woodward, Inc. (NASDAQ:WWD) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC trimmed its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 44.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245 shares of the technology company’s stock after selling 198 shares during the quarter. Venturi Wealth Management LLC’s holdings in Woodward were worth $42,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WWD. Wolff Wiese Magana LLC acquired a new position in shares of Woodward during the third quarter worth about $31,000. AlphaCentric Advisors LLC acquired a new position in Woodward during the 2nd quarter worth approximately $37,000. Capital Performance Advisors LLP purchased a new stake in shares of Woodward in the 3rd quarter valued at approximately $41,000. UMB Bank n.a. raised its holdings in shares of Woodward by 101.6% in the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock valued at $42,000 after purchasing an additional 124 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new stake in shares of Woodward in the 2nd quarter valued at $69,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Analyst Upgrades and Downgrades

WWD has been the topic of several recent analyst reports. Truist Financial raised Woodward from a “hold” rating to a “buy” rating and increased their target price for the company from $152.00 to $187.00 in a report on Wednesday, August 21st. TD Cowen reissued a “hold” rating and set a $160.00 target price (down previously from $186.00) on shares of Woodward in a research report on Friday, October 4th. StockNews.com upgraded Woodward from a “hold” rating to a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group lowered their target price on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.67.

Woodward Trading Down 1.9 %

Shares of Woodward stock opened at $169.55 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96. The company has a market capitalization of $10.12 billion, a P/E ratio of 28.35, a PEG ratio of 1.87 and a beta of 1.38. Woodward, Inc. has a 1 year low of $126.31 and a 1 year high of $188.35. The company’s fifty day moving average is $167.09 and its two-hundred day moving average is $170.80.

Woodward Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.59%. The ex-dividend date is Thursday, November 21st. Woodward’s dividend payout ratio (DPR) is presently 16.72%.

Insider Buying and Selling at Woodward

In related news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction on Monday, November 11th. The shares were sold at an average price of $177.65, for a total value of $1,776,500.00. Following the transaction, the chief operating officer now directly owns 11,511 shares in the company, valued at $2,044,929.15. This trade represents a 46.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 27,913 shares of company stock valued at $4,907,304 in the last ninety days. Insiders own 1.12% of the company’s stock.

Woodward Company 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.