Woodward, Inc. (NASDAQ:WWD) Shares Sold by Algert Global LLC

Algert Global LLC lowered its position in shares of Woodward, Inc. (NASDAQ:WWD) by 57.3% during the third quarter, Holdings Channel reports. The fund owned 29,582 shares of the technology company’s stock after selling 39,659 shares during the quarter. Algert Global LLC’s holdings in Woodward were worth $5,074,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WWD. Wolff Wiese Magana LLC purchased a new position in shares of Woodward during the 3rd quarter worth about $31,000. AlphaCentric Advisors LLC acquired a new position in shares of Woodward in the 2nd quarter valued at $37,000. Capital Performance Advisors LLP purchased a new stake in shares of Woodward during the 3rd quarter valued at $41,000. UMB Bank n.a. increased its holdings in shares of Woodward by 101.6% during the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock worth $42,000 after buying an additional 124 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new stake in shares of Woodward during the 2nd quarter worth $69,000. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Woodward news, COO Thomas G. Cromwell sold 7,913 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $175.13, for a total transaction of $1,385,803.69. Following the transaction, the chief operating officer now directly owns 11,511 shares in the company, valued at $2,015,921.43. This represents a 40.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 27,913 shares of company stock worth $4,907,304. 1.12% of the stock is currently owned by corporate insiders.

Woodward Price Performance

WWD opened at $176.05 on Monday. Woodward, Inc. has a twelve month low of $129.46 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 firm has a market cap of $10.50 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.87 and a beta of 1.38. The company has a fifty day simple moving average of $167.82 and a 200 day simple moving average of $170.87.

Woodward Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s payout ratio is 16.72%.

Woodward 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.