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

Venturi Wealth Management LLC reduced its holdings in 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 firm 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.

A number of other institutional investors have also recently modified their holdings of the business. Wolff Wiese Magana LLC acquired a new stake in Woodward in the third quarter valued at $31,000. AlphaCentric Advisors LLC purchased a new stake in Woodward during the second quarter worth about $37,000. Capital Performance Advisors LLP acquired a new position in Woodward during the third quarter worth about $41,000. UMB Bank n.a. increased its holdings in 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 buying an additional 124 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new stake in shares of Woodward during the 2nd quarter valued at approximately $69,000. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and raised their price objective for the company from $170.00 to $190.00 in a research note on Wednesday, July 31st. StockNews.com raised Woodward from a “hold” rating to a “buy” rating in a research note on Thursday. The Goldman Sachs Group lowered their price objective 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 restated 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. Finally, Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and increased their price target for the company from $152.00 to $187.00 in a research report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $174.67.

Woodward Trading Down 1.9 %

Shares of WWD opened at $169.55 on Friday. Woodward, Inc. has a fifty-two week low of $126.31 and a fifty-two week high of $188.35. The stock has a fifty day moving average of $167.09 and a two-hundred day moving average of $170.80. 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 PE ratio of 28.35, a price-to-earnings-growth ratio of 1.87 and a beta of 1.38.

Woodward Announces Dividend

The firm also recently declared 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, November 21st. Woodward’s payout ratio is 16.72%.

Insider Buying and Selling at Woodward

In related news, COO Thomas G. Cromwell sold 10,000 shares of the company’s stock in a transaction that occurred 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. This represents a 46.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 27,913 shares of company stock worth $4,907,304 in the last 90 days. 1.12% of the stock is owned by company insiders.

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.