Savant Capital LLC lessened its position in Woodward, Inc. (NASDAQ:WWD – Free Report) by 22.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 63,849 shares of the technology company’s stock after selling 18,433 shares during the quarter. Savant Capital LLC’s holdings in Woodward were worth $19,303,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in Woodward in the 3rd quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new position in shares of Woodward during the 3rd quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Woodward during the 4th quarter worth approximately $44,000. Global Retirement Partners LLC increased its position in shares of Woodward by 131.1% during the 4th quarter. Global Retirement Partners LLC now owns 282 shares of the technology company’s stock worth $85,000 after purchasing an additional 160 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Woodward by 36.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 347 shares of the technology company’s stock worth $88,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.
Woodward Stock Performance
Shares of NASDAQ WWD opened at $354.96 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18. Woodward, Inc. has a 12 month low of $213.46 and a 12 month high of $407.00. The stock has a 50 day moving average of $368.79 and a 200-day moving average of $343.91. The company has a market capitalization of $21.15 billion, a P/E ratio of 42.51, a P/E/G ratio of 2.14 and a beta of 0.92.
Woodward Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, May 21st. Woodward’s payout ratio is currently 15.33%.
Insider Transactions at Woodward
In other news, CEO Charles P. Blankenship sold 5,000 shares of Woodward stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $367.40, for a total transaction of $1,837,000.00. Following the completion of the transaction, the chief executive officer directly owned 65,854 shares in the company, valued at approximately $24,194,759.60. The trade was a 7.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Shawn M. Mclevige sold 1,850 shares of Woodward stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $384.37, for a total value of $711,084.50. Following the transaction, the executive vice president owned 3,095 shares of the company’s stock, valued at $1,189,625.15. This represents a 37.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 20,404 shares of company stock worth $7,741,205. 0.71% of the stock is owned by company insiders.
Analysts Set New Price Targets
WWD has been the topic of several recent analyst reports. Wells Fargo & Company initiated coverage on Woodward in a research report on Wednesday, April 1st. They set an “overweight” rating and a $440.00 price target on the stock. Zacks Research lowered Woodward from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Susquehanna initiated coverage on Woodward in a research report on Tuesday. They set a “positive” rating and a $423.00 price target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $470.00 price target on shares of Woodward in a research report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woodward in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $393.00.
Get Our Latest Research Report on WWD
Woodward Profile
Woodward, Inc (NASDAQ: WWD) is a global leader in the design, manufacture and service of control systems and components for the aerospace and industrial markets. Founded in 1870 and headquartered in Fort Collins, Colorado, the company specializes in motion control, fuel systems, actuation, and digital control solutions. Its offerings enable precision management of flow, pressure and motion in critical applications ranging from aircraft engines and power turbines to hydraulic systems.
Woodward’s product portfolio is organized into two primary segments: Aerospace and Industrial.
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