Woodward, Inc. (NASDAQ:WWD) Stock Position Raised by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its holdings in Woodward, Inc. (NASDAQ:WWD) by 21.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,550 shares of the technology company’s stock after buying an additional 818 shares during the period. Crossmark Global Holdings Inc.’s holdings in Woodward were worth $780,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Acadian Asset Management LLC increased its stake in shares of Woodward by 743.5% in the first quarter. Acadian Asset Management LLC now owns 223,639 shares of the technology company’s stock worth $34,452,000 after acquiring an additional 197,125 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Woodward during the 1st quarter worth about $1,301,000. Bayesian Capital Management LP acquired a new stake in shares of Woodward during the 1st quarter valued at about $1,911,000. Quadrature Capital Ltd grew its stake in shares of Woodward by 16.9% in the 1st quarter. Quadrature Capital Ltd now owns 26,042 shares of the technology company’s stock valued at $4,011,000 after buying an additional 3,759 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Woodward by 114.4% in the second quarter. SG Americas Securities LLC now owns 17,038 shares of the technology company’s stock worth $2,971,000 after buying an additional 9,092 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of Woodward from a “hold” rating to a “buy” rating in a research note on Thursday. Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and lifted their price objective for the company from $152.00 to $187.00 in a research note on Wednesday, August 21st. TD Cowen reissued a “hold” rating and set a $160.00 target price (down from $186.00) on shares of Woodward in a research report on Friday, October 4th. The Goldman Sachs Group reduced their price target on Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.67.

Insider Transactions at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 7,913 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $175.13, for a total value of $1,385,803.69. Following the completion of the sale, the chief operating officer now owns 11,511 shares in the company, valued at approximately $2,015,921.43. This trade represents a 40.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 27,913 shares of company stock worth $4,907,304. Insiders own 1.12% of the company’s stock.

Woodward Price Performance

Shares of NASDAQ:WWD opened at $169.55 on Friday. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.87 and a beta of 1.38. The business has a 50 day moving average price of $167.09 and a 200 day moving average price of $170.80. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. Woodward, Inc. has a twelve month low of $126.31 and a twelve month high of $188.35.

Woodward Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. Woodward’s dividend payout ratio is 16.72%.

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.