Sequoia Financial Advisors LLC grew its stake in Woodward, Inc. (NASDAQ:WWD – Free Report) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,504 shares of the technology company’s stock after purchasing an additional 1,933 shares during the period. Sequoia Financial Advisors LLC’s holdings in Woodward were worth $6,501,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. AlphaQuest LLC grew its stake in shares of Woodward by 300.8% in the 3rd quarter. AlphaQuest LLC now owns 6,766 shares of the technology company’s stock valued at $1,710,000 after purchasing an additional 5,078 shares during the period. Quantbot Technologies LP acquired a new position in shares of Woodward in the 3rd quarter worth approximately $2,937,000. Syntax Research Inc. acquired a new position in shares of Woodward in the 3rd quarter worth approximately $1,011,000. Allianz Asset Management GmbH acquired a new position in shares of Woodward in the 3rd quarter worth approximately $12,300,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Woodward in the 3rd quarter worth approximately $878,000. 81.18% of the stock is currently owned by institutional investors.
Woodward Stock Down 0.2%
Shares of WWD opened at $369.93 on Friday. The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of 44.30, a PEG ratio of 2.20 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 1.73. The business’s fifty day moving average price is $375.51 and its two-hundred day moving average price is $333.66. Woodward, Inc. has a 52 week low of $193.74 and a 52 week high of $407.00.
Woodward Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, May 21st. Woodward’s dividend payout ratio (DPR) is presently 15.33%.
Insiders Place Their Bets
In other Woodward news, CEO Charles P. Blankenship sold 5,000 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $367.40, for a total value of $1,837,000.00. Following the transaction, the chief executive officer directly owned 65,854 shares in the company, valued at approximately $24,194,759.60. This trade represents a 7.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shawn M. Mclevige sold 1,850 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $384.37, for a total value of $711,084.50. Following the completion of the transaction, the executive vice president owned 3,095 shares in the company, valued at $1,189,625.15. The trade was a 37.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,475 shares of company stock worth $7,405,135 over the last quarter. Corporate insiders own 0.71% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on WWD shares. Jefferies Financial Group reissued a “buy” rating and issued a $450.00 target price on shares of Woodward in a report on Sunday, February 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $470.00 target price on shares of Woodward in a report on Friday, May 1st. Wall Street Zen downgraded Woodward from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research downgraded Woodward from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada started coverage on Woodward in a report on Thursday, April 16th. They issued an “outperform” rating and a $450.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $390.27.
Get Our Latest Stock Analysis on Woodward
Woodward Company Profile
Woodward, Inc (NASDAQ: WWD) is a global leader in the design, manufacture and service of control systems and components for the aerospace and industrial markets. Founded in 1870 and headquartered in Fort Collins, Colorado, the company specializes in motion control, fuel systems, actuation, and digital control solutions. Its offerings enable precision management of flow, pressure and motion in critical applications ranging from aircraft engines and power turbines to hydraulic systems.
Woodward’s product portfolio is organized into two primary segments: Aerospace and Industrial.
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