Northcape Wealth Management LLC Sells 400 Shares of Woodward, Inc. (NASDAQ:WWD)

Northcape Wealth Management LLC reduced its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,583 shares of the technology company’s stock after selling 400 shares during the quarter. Northcape Wealth Management LLC’s holdings in Woodward were worth $1,815,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. increased its position in shares of Woodward by 3.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,173 shares of the technology company’s stock valued at $489,000 after purchasing an additional 97 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Woodward by 222.7% in the first quarter. Russell Investments Group Ltd. now owns 23,990 shares of the technology company’s stock valued at $3,716,000 after acquiring an additional 16,557 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Woodward by 4.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 61,484 shares of the technology company’s stock worth $9,476,000 after purchasing an additional 2,778 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Woodward by 13.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 870 shares of the technology company’s stock worth $133,000 after purchasing an additional 100 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Woodward by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 5,835,915 shares of the technology company’s stock valued at $899,431,000 after purchasing an additional 77,654 shares during the last quarter. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

Woodward Trading Down 1.9 %

NASDAQ:WWD opened at $169.55 on Friday. The firm has a 50-day simple moving average of $167.09 and a 200-day simple moving average of $170.80. Woodward, Inc. has a one year low of $126.31 and a one year high of $188.35. The firm has a market cap of $10.12 billion, a P/E ratio of 28.35, a P/E/G ratio of 1.84 and a beta of 1.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96.

Woodward Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. Woodward’s dividend payout ratio is currently 16.72%.

Insider Buying and Selling at Woodward

In other news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $174.50, for a total value of $1,745,000.00. Following the transaction, the chief operating officer now owns 11,511 shares of the company’s stock, valued at $2,008,669.50. The trade was a 46.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 27,913 shares of company stock valued at $4,907,304. 1.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WWD. The Goldman Sachs Group decreased their price objective on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Truist Financial raised Woodward from a “hold” rating to a “buy” rating and raised their price target for the stock from $152.00 to $187.00 in a research note on Wednesday, August 21st. Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and increased their target price for the stock from $170.00 to $190.00 in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Finally, TD Cowen reiterated a “hold” rating and set a $160.00 price objective (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Woodward has a consensus rating of “Moderate Buy” and an average target price of $174.67.

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.