Zions Bancorporation National Association UT Decreases Stake in Woodward, Inc. $WWD

Zions Bancorporation National Association UT lessened its position in shares of Woodward, Inc. (NASDAQ:WWD) by 12.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 16,006 shares of the technology company’s stock after selling 2,365 shares during the period. Zions Bancorporation National Association UT’s holdings in Woodward were worth $3,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WWD. Crossmark Global Holdings Inc. lifted its position 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 purchasing an additional 105 shares during the last quarter. Cerity Partners LLC raised its stake in Woodward by 12.8% in the first quarter. Cerity Partners LLC now owns 12,153 shares of the technology company’s stock valued at $2,218,000 after buying an additional 1,381 shares in the last quarter. State of Michigan Retirement System lifted its holdings in 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 buying an additional 100 shares during the last quarter. Xponance Inc. boosted its position in shares of Woodward by 1.2% during the 1st quarter. Xponance Inc. now owns 6,830 shares of the technology company’s stock worth $1,246,000 after acquiring an additional 81 shares in the last quarter. Finally, Berbice Capital Management LLC boosted its position in shares of Woodward by 50.0% during the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the technology company’s stock worth $55,000 after acquiring an additional 100 shares in the last quarter. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on WWD shares. Northcoast Research upgraded shares of Woodward to a “hold” rating in a research note on Friday, July 25th. Weiss Ratings restated a “buy (b)” rating on shares of Woodward in a report on Wednesday, October 8th. UBS Group increased their target price on shares of Woodward from $283.00 to $299.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Wall Street Zen cut shares of Woodward from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Barclays upped their price objective on shares of Woodward from $200.00 to $260.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $268.67.

Woodward Trading Up 0.8%

Shares of Woodward stock opened at $266.31 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 2.04. The company has a market capitalization of $15.97 billion, a P/E ratio of 42.14, a PEG ratio of 2.61 and a beta of 1.26. Woodward, Inc. has a 1 year low of $146.82 and a 1 year high of $270.21. The company’s fifty day moving average is $250.59 and its two-hundred day moving average is $239.09.

Woodward Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, November 20th. Woodward’s payout ratio is 17.72%.

Insider Buying and Selling

In other Woodward news, Director John D. Cohn sold 1,750 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $244.32, for a total transaction of $427,560.00. Following the completion of the sale, the director directly owned 20,963 shares of the company’s stock, valued at approximately $5,121,680.16. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.82% of the stock is currently owned by corporate insiders.

About Woodward

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.