Focus Partners Advisor Solutions LLC lowered its position in shares of Woodward, Inc. (NASDAQ:WWD – Free Report) by 51.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,813 shares of the technology company’s stock after selling 42,918 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Woodward were worth $12,339,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its stake in shares of Woodward by 3.5% during the third quarter. Bessemer Group Inc. now owns 1,221 shares of the technology company’s stock valued at $308,000 after buying an additional 41 shares during the period. Wealthstream Advisors Inc. increased its stake in shares of Woodward by 2.8% during the third quarter. Wealthstream Advisors Inc. now owns 1,553 shares of the technology company’s stock valued at $392,000 after buying an additional 42 shares during the period. IFP Advisors Inc increased its stake in shares of Woodward by 4.2% during the third quarter. IFP Advisors Inc now owns 1,036 shares of the technology company’s stock valued at $267,000 after buying an additional 42 shares during the period. Compound Planning Inc. increased its stake in shares of Woodward by 3.0% during the third quarter. Compound Planning Inc. now owns 1,596 shares of the technology company’s stock valued at $403,000 after buying an additional 47 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Woodward by 1.5% during the third quarter. Quadrant Capital Group LLC now owns 3,327 shares of the technology company’s stock valued at $841,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 81.18% of the company’s stock.
Woodward Price Performance
Shares of NASDAQ WWD opened at $359.79 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 1.73. The company has a market cap of $21.44 billion, a PE ratio of 43.09, a P/E/G ratio of 2.13 and a beta of 0.89. The business has a 50-day simple moving average of $367.03 and a two-hundred day simple moving average of $348.19. Woodward, Inc. has a fifty-two week low of $227.00 and a fifty-two week high of $407.00.
Woodward Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, May 21st. Woodward’s dividend payout ratio (DPR) is currently 15.33%.
Insider Activity
In other Woodward news, Director Daniel G. Korte sold 14,700 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $356.05, for a total value of $5,233,935.00. Following the completion of the sale, the director owned 4,434 shares of the company’s stock, valued at approximately $1,578,725.70. This trade represents a 76.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Karrie M. Bem sold 185 shares of Woodward stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $355.00, for a total value of $65,675.00. Following the sale, the executive vice president directly owned 3,648 shares of the company’s stock, valued at $1,295,040. This trade represents a 4.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 15,629 shares of company stock valued at $5,570,005. Corporate insiders own 0.71% of the company’s stock.
Wall Street Analysts Forecast Growth
WWD has been the topic of several research reports. UBS Group raised their price target on Woodward from $427.00 to $429.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen downgraded Woodward from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Susquehanna began coverage on Woodward in a research report on Tuesday, May 26th. They set a “positive” rating and a $423.00 price objective on the stock. Wells Fargo & Company began coverage on Woodward in a research report on Wednesday, April 1st. They set an “overweight” rating and a $440.00 price objective on the stock. Finally, Zacks Research downgraded Woodward from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Woodward presently has a consensus rating of “Moderate Buy” and an average target price of $393.00.
View Our Latest Stock Report on Woodward
About Woodward
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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