Woodward, Inc. (NASDAQ:WWD) Stake Raised by Citigroup Inc.

Citigroup Inc. boosted its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 12.1% in the third quarter, HoldingsChannel reports. The fund owned 64,153 shares of the technology company’s stock after buying an additional 6,917 shares during the quarter. Citigroup Inc.’s holdings in Woodward were worth $11,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Tidal Investments LLC lifted its position in shares of Woodward by 66.9% in the first quarter. Tidal Investments LLC now owns 2,548 shares of the technology company’s stock worth $393,000 after purchasing an additional 1,021 shares in the last quarter. Cetera Advisors LLC acquired a new position in Woodward in the 1st quarter valued at approximately $229,000. GAMMA Investing LLC lifted its position in Woodward by 82.8% in the 2nd quarter. GAMMA Investing LLC now owns 660 shares of the technology company’s stock worth $115,000 after buying an additional 299 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Woodward during the 2nd quarter valued at $69,000. Finally, Park Avenue Securities LLC grew its holdings in shares of Woodward by 2.4% during the 2nd quarter. Park Avenue Securities LLC now owns 3,277 shares of the technology company’s stock valued at $571,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Wall Street Analysts Forecast Growth

WWD has been the subject of several recent research reports. StockNews.com lowered Woodward from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. TD Cowen reaffirmed a “hold” rating and set a $160.00 price target (down from $186.00) on shares of Woodward in a research note on Friday, October 4th. UBS Group boosted their price target on Woodward from $209.00 to $228.00 and gave the company a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of 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 reiterated a “buy” rating and issued a $226.00 target price (up from $187.00) on shares of Woodward in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $184.67.

Woodward Trading Down 4.4 %

Shares of WWD stock opened at $179.05 on Friday. Woodward, Inc. has a 12 month low of $129.46 and a 12 month high of $201.64. The company has a market cap of $10.68 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.01 and a beta of 1.38. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $168.88 and its two-hundred day moving average is $171.00.

Woodward Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 annualized dividend and a yield of 0.56%. Woodward’s dividend payout ratio (DPR) is presently 16.64%.

Insiders Place Their Bets

In other news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction dated Monday, November 11th. The stock was 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 approximately $2,044,929.15. The trade was a 46.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 27,913 shares of company stock valued at $4,907,304 in the last quarter. Insiders own 1.12% of the company’s stock.

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.