Woodward, Inc. (NASDAQ:WWD) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC lifted its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 28.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,038 shares of the technology company’s stock after acquiring an additional 3,120 shares during the period. Pathstone Holdings LLC’s holdings in Woodward were worth $2,408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Western Trust Bank boosted its stake in shares of Woodward by 359.6% during the 3rd quarter. First Western Trust Bank now owns 70,023 shares of the technology company’s stock worth $12,010,000 after purchasing an additional 54,787 shares during the last quarter. Swiss National Bank lifted its stake in shares of Woodward by 0.3% during the third quarter. Swiss National Bank now owns 119,000 shares of the technology company’s stock valued at $20,410,000 after buying an additional 400 shares during the period. Natixis Advisors LLC boosted its position in Woodward by 14.5% during the third quarter. Natixis Advisors LLC now owns 86,219 shares of the technology company’s stock worth $14,787,000 after acquiring an additional 10,908 shares during the last quarter. Royce & Associates LP grew its stake in Woodward by 0.7% in the 3rd quarter. Royce & Associates LP now owns 221,527 shares of the technology company’s stock worth $37,994,000 after acquiring an additional 1,486 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Woodward by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,758 shares of the technology company’s stock valued at $302,000 after acquiring an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Insiders Place Their Bets

In other news, COO Thomas G. Cromwell sold 10,000 shares of Woodward 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 sale, the chief operating officer now owns 11,511 shares in the company, valued at $2,044,929.15. This trade represents a 46.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 27,913 shares of company stock worth $4,907,304 over the last quarter. 1.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WWD. StockNews.com downgraded 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 company from $170.00 to $190.00 in a report on Wednesday, July 31st. TD Cowen reiterated a “hold” rating and set a $160.00 price objective (down from $186.00) on shares of Woodward in a report on Friday, October 4th. Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and boosted their target price for the company from $152.00 to $187.00 in a report on Wednesday, August 21st. Finally, The Goldman Sachs Group cut their price target 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. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $174.67.

Woodward Stock Performance

Shares of WWD stock opened at $179.29 on Tuesday. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. The company has a market cap of $10.70 billion, a PE ratio of 29.98, a P/E/G ratio of 1.87 and a beta of 1.38. The company’s fifty day simple moving average is $167.82 and its 200-day simple moving average is $170.87. Woodward, Inc. has a 52 week low of $129.46 and a 52 week high of $188.35.

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. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date is Thursday, November 21st. Woodward’s dividend payout ratio (DPR) is presently 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.