Woodward, Inc. (NASDAQ:WWD) Shares Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC increased its position in shares of Woodward, Inc. (NASDAQ:WWD) by 28.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,038 shares of the technology company’s stock after buying an additional 3,120 shares during the quarter. Pathstone Holdings LLC’s holdings in Woodward were worth $2,408,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WWD. First Western Trust Bank grew its position in shares of Woodward by 359.6% during the third quarter. First Western Trust Bank now owns 70,023 shares of the technology company’s stock worth $12,010,000 after acquiring an additional 54,787 shares during the last quarter. Swiss National Bank increased its stake in Woodward by 0.3% in the third quarter. Swiss National Bank now owns 119,000 shares of the technology company’s stock valued at $20,410,000 after purchasing an additional 400 shares during the period. Natixis Advisors LLC raised its holdings in shares of Woodward by 14.5% in the third quarter. Natixis Advisors LLC now owns 86,219 shares of the technology company’s stock valued at $14,787,000 after buying an additional 10,908 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Woodward by 0.7% during the third quarter. Royce & Associates LP now owns 221,527 shares of the technology company’s stock worth $37,994,000 after buying an additional 1,486 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in shares of Woodward by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,758 shares of the technology company’s stock worth $302,000 after buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Trading Up 1.8 %

Shares of WWD opened at $179.29 on Tuesday. Woodward, Inc. has a twelve month low of $129.46 and a twelve month high of $188.35. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $10.70 billion, a P/E ratio of 29.98, a PEG ratio of 1.87 and a beta of 1.38. The firm’s 50-day moving average is $167.82 and its two-hundred day moving average is $170.87.

Woodward Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s payout ratio is currently 16.72%.

Insider Buying and Selling

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $177.65, for a total transaction of $1,776,500.00. Following the completion of the transaction, the chief operating officer now directly owns 11,511 shares in the company, valued at approximately $2,044,929.15. This trade represents a 46.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 27,913 shares of company stock valued at $4,907,304. 1.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on WWD. Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and upped their price objective for the company from $170.00 to $190.00 in a research note on Wednesday, July 31st. StockNews.com downgraded Woodward from a “buy” rating to a “hold” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group reduced their target price on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and increased their price target for the stock from $152.00 to $187.00 in a 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $174.67.

About Woodward

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.