Fox Run Management L.L.C. Makes New Investment in Woodward, Inc. $WWD

Fox Run Management L.L.C. bought a new stake in shares of Woodward, Inc. (NASDAQ:WWD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,776 shares of the technology company’s stock, valued at approximately $925,000.

Other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Woodward by 189.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company’s stock valued at $31,000 after acquiring an additional 112 shares in the last quarter. TCTC Holdings LLC lifted its stake in shares of Woodward by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 182 shares of the technology company’s stock valued at $33,000 after purchasing an additional 98 shares during the period. Virtus Advisers LLC purchased a new position in shares of Woodward in the 1st quarter valued at approximately $38,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Woodward by 32.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 220 shares of the technology company’s stock valued at $54,000 after purchasing an additional 54 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in Woodward by 2,218.2% in the second quarter. Hantz Financial Services Inc. now owns 255 shares of the technology company’s stock worth $62,000 after purchasing an additional 244 shares during the period. 81.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on WWD shares. Northcoast Research raised Woodward to a “hold” rating in a research report on Friday, July 25th. UBS Group lifted their price target on shares of Woodward from $283.00 to $299.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Zacks Research cut shares of Woodward from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Wall Street Zen downgraded shares of Woodward from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $268.67.

Insider Transactions at Woodward

In other Woodward news, Director John D. Cohn sold 1,750 shares of Woodward stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $244.32, for a total value of $427,560.00. Following the completion of the sale, the director owned 20,963 shares of the company’s stock, valued at approximately $5,121,680.16. The trade was a 7.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

Woodward Price Performance

WWD opened at $266.31 on Monday. The company’s 50-day simple moving average is $250.59 and its two-hundred day simple moving average is $239.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 2.04. The stock has a market capitalization of $15.97 billion, a P/E ratio of 42.14, a P/E/G ratio of 2.61 and a beta of 1.26. Woodward, Inc. has a 52-week low of $146.82 and a 52-week high of $270.21.

Woodward Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, November 20th. This represents a $1.12 dividend on an annualized basis and a yield of 0.4%. Woodward’s dividend payout ratio is 17.72%.

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.