Chicago Partners Investment Group LLC Acquires New Stake in Woodward, Inc. (NASDAQ:WWD)

Chicago Partners Investment Group LLC bought a new position in Woodward, Inc. (NASDAQ:WWD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,223 shares of the technology company’s stock, valued at approximately $201,000.

A number of other institutional investors have also recently modified their holdings of WWD. Wealth Enhancement Advisory Services LLC boosted its stake in Woodward by 5.5% in the 1st 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 in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Woodward in the first quarter worth approximately $295,000. Janney Montgomery Scott LLC grew its holdings in shares of Woodward by 4.5% during the first quarter. Janney Montgomery Scott LLC now owns 26,643 shares of the technology company’s stock valued at $4,106,000 after buying an additional 1,154 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Woodward during the first quarter valued at approximately $31,000. Finally, Daiwa Securities Group Inc. purchased a new position in Woodward in the 1st quarter worth approximately $46,000. 81.18% of the stock is owned by hedge funds and other institutional investors.

Woodward Trading Up 1.6 %

NASDAQ:WWD opened at $166.57 on Wednesday. Woodward, Inc. has a one year low of $126.31 and a one year high of $188.35. The business has a fifty day moving average price of $165.28 and a 200-day moving average price of $169.69. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 1.72 and a beta of 1.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.29.

Woodward Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Thursday, November 21st. Woodward’s payout ratio is 16.72%.

Analyst Upgrades and Downgrades

WWD has been the subject of several recent analyst reports. Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and boosted their price target for the stock from $170.00 to $190.00 in a research note on Wednesday, July 31st. The Goldman Sachs Group lowered their target price on shares of Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. TD Cowen reiterated a “hold” rating and issued a $160.00 price target (down from $186.00) on shares of Woodward in a research note on Friday, October 4th. StockNews.com downgraded shares of Woodward from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and lifted their target price for the stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Woodward currently has an average 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.