Woodward, Inc. (NASDAQ:WWD) Shares Purchased by Citigroup Inc.

Citigroup Inc. grew its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 12.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,153 shares of the technology company’s stock after purchasing an additional 6,917 shares during the period. Citigroup Inc. owned 0.11% of Woodward worth $11,003,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Tidal Investments LLC raised its stake in Woodward by 66.9% during the first quarter. Tidal Investments LLC now owns 2,548 shares of the technology company’s stock worth $393,000 after acquiring an additional 1,021 shares during the period. Cetera Advisors LLC bought a new position in shares of Woodward during the first quarter valued at approximately $229,000. GAMMA Investing LLC lifted its holdings in shares of Woodward by 82.8% in the 2nd quarter. GAMMA Investing LLC now owns 660 shares of the technology company’s stock worth $115,000 after purchasing an additional 299 shares during the last quarter. Versant Capital Management Inc acquired a new position in Woodward during the 2nd quarter valued at approximately $69,000. Finally, Park Avenue Securities LLC grew its stake in Woodward by 2.4% during the 2nd quarter. Park Avenue Securities LLC now owns 3,277 shares of the technology company’s stock worth $571,000 after buying an additional 76 shares during the last quarter. 81.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. TD Cowen reissued a “hold” rating and set a $160.00 price target (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. StockNews.com cut shares of Woodward from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. Truist Financial reaffirmed a “buy” rating and set a $226.00 price target (up previously from $187.00) on shares of Woodward in a report on Tuesday. UBS Group increased their price objective on Woodward from $209.00 to $228.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $184.67.

Woodward Stock Down 4.4 %

Shares of WWD stock opened at $179.05 on Friday. Woodward, Inc. has a 1 year low of $129.46 and a 1 year high of $201.64. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96. The business’s fifty day moving average is $168.88 and its 200-day moving average is $171.00. The stock has a market cap of $10.68 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.01 and a beta of 1.38.

Woodward Dividend Announcement

The firm also recently declared 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 of this dividend is Thursday, November 21st. Woodward’s dividend payout ratio (DPR) is presently 16.64%.

Insider Buying and Selling at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $177.65, for a total value of $1,776,500.00. Following the transaction, the chief operating officer now owns 11,511 shares of the company’s stock, valued at approximately $2,044,929.15. This represents a 46.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 27,913 shares of company stock valued at $4,907,304. 1.12% of the stock is owned by insiders.

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.