Woodward, Inc. (NASDAQ:WWD) Shares Purchased by Harbour Investments Inc.

Harbour Investments Inc. boosted its holdings in Woodward, Inc. (NASDAQ:WWD) by 10.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,093 shares of the technology company’s stock after buying an additional 202 shares during the period. Harbour Investments Inc.’s holdings in Woodward were worth $359,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WWD. Wolff Wiese Magana LLC acquired a new stake in shares of Woodward in the third quarter valued at about $31,000. AlphaCentric Advisors LLC purchased a new stake in shares of Woodward during the second quarter valued at approximately $37,000. Capital Performance Advisors LLP acquired a new position in shares of Woodward during the third quarter worth $41,000. UMB Bank n.a. boosted its stake in shares of Woodward by 101.6% in the third 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 during the period. Finally, Versant Capital Management Inc acquired a new stake in Woodward during the 2nd quarter valued at $69,000. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WWD has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of 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 report on Wednesday, July 31st. StockNews.com upgraded Woodward from a “hold” rating to a “buy” rating in a report on Thursday. The Goldman Sachs Group cut their target price on Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. TD Cowen reissued a “hold” rating and set a $160.00 price target (down previously from $186.00) on shares of Woodward in a research report on Friday, October 4th. Finally, Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and increased their price objective for the company from $152.00 to $187.00 in a research note on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $174.67.

Insider Activity

In other news, COO Thomas G. Cromwell sold 10,000 shares of the business’s stock in a transaction on 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 owns 11,511 shares of the company’s stock, valued at approximately $2,044,929.15. The trade was a 46.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 27,913 shares of company stock valued at $4,907,304. 1.12% of the stock is currently owned by insiders.

Woodward Trading Down 1.9 %

Woodward stock opened at $169.55 on Friday. Woodward, Inc. has a 1 year low of $126.31 and a 1 year high of $188.35. The firm’s 50-day moving average is $167.09 and its 200-day moving average is $170.86. 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 cap of $10.12 billion, a P/E ratio of 28.35, a PEG ratio of 1.84 and a beta of 1.38.

Woodward Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. Woodward’s payout ratio is currently 16.72%.

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.