11,550 Shares in Woodward, Inc. $WWD Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of Woodward, Inc. (NASDAQ:WWD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,550 shares of the technology company’s stock, valued at approximately $3,795,000.

Other hedge funds have also recently modified their holdings of the company. New York Life Investment Management LLC grew its stake in shares of Woodward by 9.4% in the 3rd quarter. New York Life Investment Management LLC now owns 1,394 shares of the technology company’s stock valued at $458,000 after buying an additional 120 shares during the period. AlphaCore Capital LLC grew its stake in shares of Woodward by 16.7% in the third quarter. AlphaCore Capital LLC now owns 1,228 shares of the technology company’s stock valued at $404,000 after buying an additional 176 shares in the last quarter. Fulcrum Asset Management LLP grew its position in Woodward by 11.3% in the 3rd quarter. Fulcrum Asset Management LLP now owns 18,022 shares of the technology company’s stock valued at $5,943,000 after acquiring an additional 1,828 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Woodward by 88.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 46,314 shares of the technology company’s stock worth $15,570,000 after buying an additional 21,780 shares during the period. Finally, Beverly Hills Private Wealth LLC increased its position in shares of Woodward by 17.7% during the third quarter. Beverly Hills Private Wealth LLC now owns 1,199 shares of the technology company’s stock worth $394,000 after acquiring an additional 180 shares during the period. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Woodward Stock Performance

NASDAQ WWD opened at $331.90 on Friday. The business’s 50-day moving average price is $325.80 and its 200 day moving average price is $363.92. The company has a current ratio of 1.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. Woodward, Inc. has a twelve month low of $253.52 and a twelve month high of $450.92. The company has a market capitalization of $19.60 billion, a PE ratio of 36.92, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91.

Woodward Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, November 19th. Woodward’s dividend payout ratio (DPR) is 14.24%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Guggenheim initiated coverage on Woodward in a report on Monday, September 14th. They issued a “buy” rating and a $404.00 target price on the stock. Melius Research downgraded shares of Woodward from a “buy” rating to a “hold” rating and set a $388.00 price objective for the company. in a research report on Monday, September 14th. Royal Bank Of Canada decreased their target price on shares of Woodward from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 28th. Jefferies Financial Group dropped their price objective on Woodward from $450.00 to $420.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Finally, TD Cowen dropped their target price on shares of Woodward from $420.00 to $380.00 and set a “hold” rating for the company in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $413.82.

Woodward Company Profile

Woodward, Inc. designs and manufactures control systems and components for the aerospace and industrial markets. Its products help manage the operation of aircraft engines, turbines, and other equipment used in power generation and industrial applications. In aerospace, Woodward supplies systems and components for commercial and military aircraft, helicopters, business aviation, and space applications. These include engine controls, fuel systems, actuation equipment, and components that regulate airflow and combustion.