Midland Wealth Advisors LLC Sells 29,001 Shares of Woodward, Inc. $WWD

Midland Wealth Advisors LLC reduced its position in shares of Woodward, Inc. (NASDAQ:WWD) by 59.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,485 shares of the technology company’s stock after selling 29,001 shares during the quarter. Woodward accounts for approximately 0.3% of Midland Wealth Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. Midland Wealth Advisors LLC’s holdings in Woodward were worth $4,776,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC raised its holdings in shares of Woodward by 4.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,638 shares of the technology company’s stock valued at $647,000 after purchasing an additional 109 shares during the period. Acadian Asset Management LLC increased its position in Woodward by 813.9% during the second quarter. Acadian Asset Management LLC now owns 46,088 shares of the technology company’s stock worth $11,290,000 after buying an additional 41,045 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Woodward in the second quarter valued at approximately $1,289,000. Los Angeles Capital Management LLC raised its stake in Woodward by 39.4% in the second quarter. Los Angeles Capital Management LLC now owns 2,188 shares of the technology company’s stock valued at $536,000 after buying an additional 618 shares during the period. Finally, AE Wealth Management LLC lifted its position in shares of Woodward by 1.7% in the second quarter. AE Wealth Management LLC now owns 2,626 shares of the technology company’s stock valued at $644,000 after buying an additional 43 shares during the last quarter. Institutional investors own 81.18% of the company’s stock.

Insiders Place Their Bets

In other Woodward news, Director John D. Cohn sold 1,750 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $244.32, for a total transaction of $427,560.00. Following the sale, the director directly owned 20,963 shares in the company, valued at $5,121,680.16. This represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.82% of the stock is owned by corporate insiders.

Woodward Price Performance

Shares of NASDAQ WWD opened at $266.31 on Monday. The business has a fifty day moving average price of $250.59 and a two-hundred day moving average price of $239.55. The stock has a market capitalization of $15.97 billion, a PE ratio of 42.14, 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, Inc. has a fifty-two week low of $146.82 and a fifty-two week high of $270.21.

Woodward Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on WWD. Wolfe Research set a $300.00 price target on Woodward and gave the company an “outperform” rating in a report on Friday, October 3rd. Northcoast Research raised shares of Woodward to a “hold” rating in a report on Friday, July 25th. Zacks Research lowered shares of Woodward from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Wall Street Zen downgraded shares of Woodward from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, UBS Group upped their target price on Woodward from $283.00 to $299.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $268.67.

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.