Atria Investments Inc Acquires 880 Shares of Woodward, Inc. $WWD

Atria Investments Inc raised its position in Woodward, Inc. (NASDAQ:WWD) by 30.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,797 shares of the technology company’s stock after buying an additional 880 shares during the period. Atria Investments Inc’s holdings in Woodward were worth $931,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 purchasing an additional 112 shares during the last quarter. TCTC Holdings LLC lifted its position in Woodward by 116.7% during the first quarter. TCTC Holdings LLC now owns 182 shares of the technology company’s stock valued at $33,000 after buying an additional 98 shares during the period. Virtus Advisers LLC purchased a new position in Woodward during the 1st quarter valued at about $38,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Woodward by 32.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 220 shares of the technology company’s stock worth $54,000 after purchasing an additional 54 shares in the last quarter. Finally, Berbice Capital Management LLC boosted its holdings in Woodward by 50.0% in the first quarter. Berbice Capital Management LLC now owns 300 shares of the technology company’s stock worth $55,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. UBS Group lifted their price target on shares of Woodward from $283.00 to $299.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Wolfe Research set a $300.00 price objective on Woodward and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Woodward in a research note on Wednesday, October 8th. Zacks Research downgraded Woodward from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Finally, Alembic Global Advisors upgraded shares of Woodward from a “neutral” rating to an “overweight” rating and set a $281.00 price objective for the company in a research report on Wednesday, August 20th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $268.67.

Insider Buying and Selling at Woodward

In other news, Director John D. Cohn sold 1,750 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $244.32, for a total transaction of $427,560.00. Following the transaction, the director owned 20,963 shares in the company, valued at $5,121,680.16. This represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.82% of the company’s stock.

Woodward Trading Up 0.8%

WWD opened at $266.31 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.04 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average is $250.59 and its two-hundred day moving average is $238.59. The company has a market capitalization of $15.97 billion, a P/E ratio of 42.14, a PEG 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 Announces Dividend

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