Intech Investment Management LLC Sells 1,894 Shares of Woodward, Inc. (NASDAQ:WWD)

Intech Investment Management LLC trimmed its holdings in Woodward, Inc. (NASDAQ:WWD) by 13.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,699 shares of the technology company’s stock after selling 1,894 shares during the period. Intech Investment Management LLC’s holdings in Woodward were worth $2,178,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Wolff Wiese Magana LLC bought a new stake in shares of Woodward in the third quarter worth about $31,000. AlphaCentric Advisors LLC bought a new stake in Woodward in the 2nd quarter worth approximately $37,000. Capital Performance Advisors LLP purchased a new stake in shares of Woodward during the 3rd quarter worth approximately $41,000. UMB Bank n.a. raised its holdings in shares of Woodward by 101.6% during the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock worth $42,000 after acquiring an additional 124 shares in the last quarter. Finally, Versant Capital Management Inc bought a new position in shares of Woodward during the 2nd quarter valued at approximately $69,000. Institutional investors own 81.18% of the company’s stock.

Insiders Place Their Bets

In related news, COO Thomas G. Cromwell sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $174.50, for a total value of $1,745,000.00. Following the transaction, the chief operating officer now owns 11,511 shares of the company’s stock, valued at $2,008,669.50. This represents a 46.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 27,913 shares of company stock worth $4,907,304 in the last three months. Corporate insiders own 1.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on WWD. StockNews.com lowered shares of Woodward from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and lifted their price target for the stock from $170.00 to $190.00 in a research report on Wednesday, July 31st. Truist Financial upgraded Woodward from a “hold” rating to a “buy” rating and upped their price objective for the company from $152.00 to $187.00 in a research report on Wednesday, August 21st. The Goldman Sachs Group dropped their target price on Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, TD Cowen restated a “hold” rating and issued a $160.00 price target (down from $186.00) on shares of Woodward in a research report on Friday, October 4th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Woodward currently has an average rating of “Hold” and a consensus target price of $174.67.

Woodward Stock Performance

WWD stock opened at $176.05 on Monday. Woodward, Inc. has a twelve month low of $129.46 and a twelve month high of $188.35. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.87 and a beta of 1.38. The business’s fifty day simple moving average is $167.82 and its two-hundred day simple moving average is $170.87. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26.

Woodward Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 annualized dividend and a yield of 0.57%. Woodward’s dividend payout ratio (DPR) is 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.