Capital Performance Advisors LLP Takes $41,000 Position in Woodward, Inc. (NASDAQ:WWD)

Capital Performance Advisors LLP purchased a new position in shares of Woodward, Inc. (NASDAQ:WWD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 239 shares of the technology company’s stock, valued at approximately $41,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Woodward in the first quarter valued at about $295,000. Daiwa Securities Group Inc. bought a new position in Woodward during the first quarter valued at $46,000. Envestnet Portfolio Solutions Inc. increased its position in Woodward by 3.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,173 shares of the technology company’s stock worth $489,000 after buying an additional 97 shares during the last quarter. SG Americas Securities LLC increased its position in Woodward by 290.9% in the first quarter. SG Americas Securities LLC now owns 7,946 shares of the technology company’s stock worth $1,225,000 after buying an additional 5,913 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Woodward by 222.7% in the first quarter. Russell Investments Group Ltd. now owns 23,990 shares of the technology company’s stock valued at $3,716,000 after buying an additional 16,557 shares during the period. 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 the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $174.50, for a total transaction of $1,745,000.00. Following the completion of the transaction, the chief operating officer now owns 11,511 shares of the company’s stock, valued at approximately $2,008,669.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.12% of the company’s stock.

Woodward Stock Up 0.8 %

WWD opened at $178.45 on Monday. The firm has a market capitalization of $10.65 billion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. Woodward, Inc. has a one year low of $126.31 and a one year high of $188.35. The company has a fifty day moving average price of $165.87 and a 200-day moving average price of $170.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.29.

Woodward Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors 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 yield of 0.56%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s payout ratio is 16.72%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Woodward from $228.00 to $201.00 and set a “buy” rating for the company 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 company from $170.00 to $190.00 in a research report on Wednesday, July 31st. Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and raised their price objective for the stock from $152.00 to $187.00 in a report on Wednesday, August 21st. StockNews.com lowered shares of Woodward from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, 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. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $174.67.

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.