IFG Advisory LLC Acquires New Position in Woodward, Inc. $WWD

IFG Advisory LLC acquired a new position in shares of Woodward, Inc. (NASDAQ:WWD) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,075 shares of the technology company’s stock, valued at approximately $263,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WWD. Crossmark Global Holdings Inc. boosted its stake in shares of Woodward by 2.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 4,223 shares of the technology company’s stock worth $771,000 after acquiring an additional 105 shares in the last quarter. EULAV Asset Management raised its position in Woodward by 15.7% during the first quarter. EULAV Asset Management now owns 107,600 shares of the technology company’s stock worth $19,636,000 after acquiring an additional 14,600 shares during the last quarter. Beverly Hills Private Wealth LLC increased its stake in shares of Woodward by 3.6% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 2,966 shares of the technology company’s stock worth $541,000 after purchasing an additional 103 shares in the last quarter. Cerity Partners LLC raised its position in shares of Woodward by 12.8% during the 1st quarter. Cerity Partners LLC now owns 12,153 shares of the technology company’s stock worth $2,218,000 after purchasing an additional 1,381 shares during the last quarter. Finally, State of Michigan Retirement System raised its position in shares of Woodward by 0.7% during the 1st quarter. State of Michigan Retirement System now owns 14,210 shares of the technology company’s stock worth $2,593,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Trading Down 0.2%

NASDAQ WWD opened at $261.69 on Tuesday. Woodward, Inc. has a 12 month low of $146.82 and a 12 month high of $270.21. The company has a 50-day moving average of $249.52 and a 200-day moving average of $236.90. The company has a market cap of $15.69 billion, a P/E ratio of 41.41, a P/E/G ratio of 2.61 and a beta of 1.26. 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 Dividend Announcement

The company also recently disclosed 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. This represents a $1.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 20th. Woodward’s payout ratio is currently 17.72%.

Analysts Set New Price Targets

WWD has been the topic of a number of analyst reports. UBS Group increased their target price on Woodward from $283.00 to $299.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Truist Financial upped their price objective on Woodward from $267.00 to $294.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Barclays increased their price objective on Woodward from $200.00 to $260.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Northcoast Research upgraded Woodward to a “hold” rating in a research report on Friday, July 25th. Finally, Zacks Research downgraded shares of Woodward from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Woodward has an average rating of “Moderate Buy” and a consensus target price of $268.67.

Insider Activity

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

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.