Commerce Bank Buys 95 Shares of Woodward, Inc. (NASDAQ:WWD)

Commerce Bank lifted its stake in Woodward, Inc. (NASDAQ:WWD) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,624 shares of the technology company’s stock after buying an additional 95 shares during the period. Commerce Bank’s holdings in Woodward were worth $793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC boosted its position in Woodward by 94.2% during the 2nd quarter. Acadian Asset Management LLC now owns 434,385 shares of the technology company’s stock valued at $75,735,000 after buying an additional 210,746 shares during the period. International Assets Investment Management LLC raised its stake in shares of Woodward by 17,072.3% during the third quarter. International Assets Investment Management LLC now owns 76,760 shares of the technology company’s stock valued at $13,165,000 after acquiring an additional 76,313 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Woodward by 13.3% during the second quarter. Sei Investments Co. now owns 634,698 shares of the technology company’s stock worth $110,679,000 after purchasing an additional 74,734 shares during the period. First Western Trust Bank grew its stake in shares of Woodward by 359.6% in the third 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. Finally, American Century Companies Inc. increased its holdings in Woodward by 136.3% during the 2nd quarter. American Century Companies Inc. now owns 68,877 shares of the technology company’s stock valued at $12,011,000 after purchasing an additional 39,732 shares during the period. Institutional investors own 81.18% of the company’s stock.

Insiders Place Their Bets

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction 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 completion of the sale, the chief operating officer now owns 11,511 shares of the company’s stock, valued at approximately $2,008,669.50. This trade represents a 46.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 27,913 shares of company stock valued at $4,907,304. Insiders own 1.12% of the company’s stock.

Woodward Trading Up 1.8 %

Woodward stock opened at $179.29 on Tuesday. Woodward, Inc. has a 12 month low of $129.46 and a 12 month high of $188.35. The company has a market capitalization of $10.70 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth 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 current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26.

Woodward Announces Dividend

The company also recently disclosed 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 dividend payout ratio (DPR) is 16.72%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. TD Cowen reiterated a “hold” rating and issued a $160.00 price objective (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group decreased their price target on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and lifted their price objective for the company from $170.00 to $190.00 in a research report on Wednesday, July 31st. Finally, Truist Financial raised Woodward from a “hold” rating to a “buy” rating and increased their target price for the stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Woodward presently has a consensus rating of “Hold” and a consensus price target of $174.67.

About Woodward

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.