Bridges Investment Management Inc. Boosts Position in Woodward, Inc. (NASDAQ:WWD)

Bridges Investment Management Inc. boosted its position in shares of Woodward, Inc. (NASDAQ:WWD) by 27.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,460 shares of the technology company’s stock after buying an additional 1,180 shares during the period. Bridges Investment Management Inc.’s holdings in Woodward were worth $936,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC boosted its position in Woodward by 94.2% during the second quarter. Acadian Asset Management LLC now owns 434,385 shares of the technology company’s stock valued at $75,735,000 after purchasing an additional 210,746 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of Woodward by 12.3% in the 1st quarter. Earnest Partners LLC now owns 1,345,438 shares of the technology company’s stock valued at $207,359,000 after buying an additional 147,856 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Woodward by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 5,835,915 shares of the technology company’s stock worth $899,431,000 after buying an additional 77,654 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Woodward by 17,072.3% in the 3rd quarter. International Assets Investment Management LLC now owns 76,760 shares of the technology company’s stock worth $13,165,000 after buying an additional 76,313 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Woodward by 13.3% during the 2nd quarter. Sei Investments Co. now owns 634,698 shares of the technology company’s stock worth $110,679,000 after acquiring an additional 74,734 shares in the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Wall Street Analyst Weigh In

WWD has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. StockNews.com downgraded Woodward from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and increased their price target for the company from $170.00 to $190.00 in a research note on Wednesday, July 31st. TD Cowen reissued a “hold” rating and issued a $160.00 price target (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. Finally, Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and upped their price objective for the company from $152.00 to $187.00 in a report on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $174.67.

Insider Buying and Selling

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $174.50, for a total value of $1,745,000.00. Following the sale, the chief operating officer now directly owns 11,511 shares of the company’s stock, valued at approximately $2,008,669.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.12% of the stock is currently owned by corporate insiders.

Woodward Price Performance

Shares of NASDAQ:WWD opened at $178.45 on Friday. Woodward, Inc. has a twelve month low of $126.31 and a twelve month high of $188.35. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. The company has a market cap of $10.65 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. The company’s 50 day moving average is $165.87 and its 200 day moving average is $170.11.

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 paid a $0.25 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. Woodward’s payout ratio is currently 16.72%.

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.