Vestmark Advisory Solutions Inc. Takes Position in Woodward, Inc. $WWD

Vestmark Advisory Solutions Inc. acquired a new stake in shares of Woodward, Inc. (NASDAQ:WWD) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,364 shares of the technology company’s stock, valued at approximately $334,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WWD. Anchor Capital Advisors LLC bought a new position in shares of Woodward during the 2nd quarter worth $246,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Woodward by 0.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 165,286 shares of the technology company’s stock worth $30,163,000 after acquiring an additional 1,146 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Woodward during the 2nd quarter valued at about $3,682,000. Calamos Wealth Management LLC bought a new stake in shares of Woodward in the 2nd quarter valued at about $250,000. Finally, XTX Topco Ltd bought a new stake in shares of Woodward in the 1st quarter valued at about $294,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Woodward Stock Down 0.3%

WWD stock opened at $268.45 on Thursday. The company has a market capitalization of $16.10 billion, a P/E ratio of 42.60, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26. Woodward, Inc. has a 12 month low of $146.82 and a 12 month high of $274.50. The firm’s fifty day simple moving average is $252.14 and its 200-day simple moving average is $241.03. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.04 and a quick ratio of 1.39.

Woodward Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be paid a $0.28 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.4%. Woodward’s dividend payout ratio is presently 17.72%.

Insider Buying and Selling

In other Woodward news, Director John D. Cohn sold 1,750 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $244.32, for a total value of $427,560.00. Following the completion of the transaction, the director directly owned 20,963 shares of the company’s stock, valued at approximately $5,121,680.16. The trade was a 7.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.82% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Northcoast Research raised Woodward to a “hold” rating in a research report on Friday, July 25th. Wolfe Research set a $300.00 target price on shares of Woodward and gave the company an “outperform” rating in a research note on Friday, October 3rd. Wall Street Zen downgraded Woodward from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. Zacks Research cut Woodward from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Finally, UBS Group upped their target price on Woodward from $283.00 to $299.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $268.67.

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.