Quest Partners LLC Sells 3,265 Shares of Woodward, Inc. (NASDAQ:WWD)

Quest Partners LLC lessened its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 77.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 971 shares of the technology company’s stock after selling 3,265 shares during the quarter. Quest Partners LLC’s holdings in Woodward were worth $167,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WWD. SG Americas Securities LLC grew its stake in shares of Woodward by 114.4% in the 2nd quarter. SG Americas Securities LLC now owns 17,038 shares of the technology company’s stock worth $2,971,000 after acquiring an additional 9,092 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Woodward by 17,072.3% in the 3rd quarter. International Assets Investment Management LLC now owns 76,760 shares of the technology company’s stock worth $13,165,000 after acquiring an additional 76,313 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Woodward by 16.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 93,324 shares of the technology company’s stock worth $16,274,000 after acquiring an additional 13,097 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Woodward in the 2nd quarter worth $548,000. Finally, Sei Investments Co. grew its stake in shares of Woodward by 13.3% in the 2nd quarter. Sei Investments Co. now owns 634,698 shares of the technology company’s stock worth $110,679,000 after acquiring an additional 74,734 shares in the last quarter. Institutional investors own 81.18% of the company’s stock.

Woodward Trading Down 4.4 %

Shares of WWD opened at $179.05 on Thursday. The business’s 50-day moving average price is $168.59 and its 200-day moving average price is $170.94. Woodward, Inc. has a twelve month low of $129.46 and a twelve month high of $201.64. The stock has a market cap of $10.68 billion, a PE ratio of 31.16, a P/E/G ratio of 1.91 and a beta of 1.38. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s dividend payout ratio is presently 16.64%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WWD. TD Cowen reissued a “hold” rating and issued a $160.00 price target (down from $186.00) on shares of Woodward in a report on Friday, October 4th. 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 report on Wednesday, July 31st. Jefferies Financial Group raised shares of 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 report on Wednesday, July 31st. UBS Group boosted their price target on shares of Woodward from $209.00 to $228.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, StockNews.com downgraded shares of Woodward from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $184.67.

Insider Activity

In other news, COO Thomas G. Cromwell sold 10,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was 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 directly owns 11,511 shares in the company, valued at $2,044,929.15. This represents a 46.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 27,913 shares of company stock worth $4,907,304 over the last ninety days. Company insiders own 1.12% of the company’s stock.

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.