Midland Wealth Advisors LLC Has $4.78 Million Stock Position in Woodward, Inc. $WWD

Midland Wealth Advisors LLC reduced its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 59.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 19,485 shares of the technology company’s stock after selling 29,001 shares during the period. Woodward makes up 0.3% of Midland Wealth Advisors LLC’s holdings, making the stock its 24th biggest holding. Midland Wealth Advisors LLC’s holdings in Woodward were worth $4,776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. ProShare Advisors LLC raised its stake in Woodward by 4.3% during the second quarter. ProShare Advisors LLC now owns 2,638 shares of the technology company’s stock worth $647,000 after acquiring an additional 109 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Woodward by 813.9% in the 2nd quarter. Acadian Asset Management LLC now owns 46,088 shares of the technology company’s stock valued at $11,290,000 after purchasing an additional 41,045 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Woodward during the 2nd quarter valued at approximately $1,289,000. Los Angeles Capital Management LLC increased its position in Woodward by 39.4% during the 2nd quarter. Los Angeles Capital Management LLC now owns 2,188 shares of the technology company’s stock worth $536,000 after purchasing an additional 618 shares in the last quarter. Finally, AE Wealth Management LLC lifted its stake in Woodward by 1.7% in the 2nd quarter. AE Wealth Management LLC now owns 2,626 shares of the technology company’s stock valued at $644,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 81.18% of the company’s stock.

Woodward Trading Up 0.8%

Shares of WWD stock opened at $266.31 on Monday. Woodward, Inc. has a 1-year low of $146.82 and a 1-year high of $270.21. The company has a current ratio of 2.04, a quick ratio of 1.39 and a debt-to-equity ratio of 0.20. The stock has a market cap of $15.97 billion, a price-to-earnings ratio of 42.14, a PEG ratio of 2.61 and a beta of 1.26. The stock has a 50-day moving average of $250.59 and a 200-day moving average of $239.55.

Woodward Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be given 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 payout ratio is 17.72%.

Wall Street Analyst Weigh In

WWD has been the topic of a number of research reports. Wall Street Zen cut shares of Woodward from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. UBS Group boosted their price objective on Woodward from $283.00 to $299.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Barclays increased their target price on Woodward from $200.00 to $260.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of Woodward in a report on Wednesday, October 8th. 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 report on Wednesday, August 20th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Woodward presently has an average rating of “Moderate Buy” and an average price target of $268.67.

Insider Activity at Woodward

In other news, Director John D. Cohn sold 1,750 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $244.32, for a total value of $427,560.00. Following the sale, the director directly owned 20,963 shares of the company’s stock, valued at approximately $5,121,680.16. This represents a 7.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.82% of the company’s stock.

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.