Legal & General Group Plc cut its position in shares of Woodward, Inc. (NASDAQ:WWD – Free Report) by 6.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,192 shares of the technology company’s stock after selling 7,615 shares during the quarter. Legal & General Group Plc’s holdings in Woodward were worth $31,802,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in WWD. Artisan Partners Limited Partnership bought a new position in Woodward during the third quarter worth $184,721,000. Invesco Ltd. increased its position in Woodward by 122.0% in the third quarter. Invesco Ltd. now owns 905,578 shares of the technology company’s stock worth $228,849,000 after buying an additional 497,722 shares during the period. Two Sigma Investments LP increased its position in Woodward by 1,086.9% in the third quarter. Two Sigma Investments LP now owns 330,514 shares of the technology company’s stock worth $83,524,000 after buying an additional 302,666 shares during the period. Findlay Park Partners LLP acquired a new stake in Woodward in the third quarter worth $73,406,000. Finally, Kinetic Partners Management LP acquired a new stake in Woodward in the third quarter worth $56,556,000. 81.18% of the stock is currently owned by institutional investors.
Woodward Price Performance
Shares of WWD opened at $350.03 on Friday. The firm has a market capitalization of $20.85 billion, a price-to-earnings ratio of 41.92, a price-to-earnings-growth ratio of 2.09 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 1.73. Woodward, Inc. has a one year low of $213.46 and a one year high of $407.00. The stock’s fifty day moving average is $368.34 and its 200-day moving average is $343.95.
Woodward Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, May 21st. Woodward’s dividend payout ratio is presently 15.33%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on WWD shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $470.00 target price on shares of Woodward in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woodward in a research report on Monday, April 20th. Zacks Research lowered Woodward from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada started coverage on Woodward in a research report on Thursday, April 16th. They issued an “outperform” rating and a $450.00 target price on the stock. Finally, Wells Fargo & Company began coverage on Woodward in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $440.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Woodward currently has a consensus rating of “Moderate Buy” and an average price target of $393.00.
Get Our Latest Analysis on WWD
Insider Activity
In other news, CEO Charles P. Blankenship sold 5,000 shares of Woodward stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $367.40, for a total value of $1,837,000.00. Following the transaction, the chief executive officer owned 65,854 shares of the company’s stock, valued at $24,194,759.60. The trade was a 7.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Shawn M. Mclevige sold 1,850 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $384.37, for a total transaction of $711,084.50. Following the completion of the sale, the executive vice president owned 3,095 shares in the company, valued at $1,189,625.15. The trade was a 37.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 20,404 shares of company stock worth $7,741,205. Corporate insiders own 0.71% of the company’s stock.
Woodward Company Profile
Woodward, Inc (NASDAQ: WWD) is a global leader in the design, manufacture and service of control systems and components for the aerospace and industrial markets. Founded in 1870 and headquartered in Fort Collins, Colorado, the company specializes in motion control, fuel systems, actuation, and digital control solutions. Its offerings enable precision management of flow, pressure and motion in critical applications ranging from aircraft engines and power turbines to hydraulic systems.
Woodward’s product portfolio is organized into two primary segments: Aerospace and Industrial.
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