Woodward, Inc. (NASDAQ:WWD) Shares Sold by Northcape Wealth Management LLC

Northcape Wealth Management LLC cut its holdings in Woodward, Inc. (NASDAQ:WWD) by 3.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,583 shares of the technology company’s stock after selling 400 shares during the quarter. Northcape Wealth Management LLC’s holdings in Woodward were worth $1,815,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Wolff Wiese Magana LLC acquired a new stake in shares of Woodward during the third quarter worth $31,000. AlphaCentric Advisors LLC purchased a new position in Woodward in the 2nd quarter worth $37,000. Capital Performance Advisors LLP acquired a new stake in Woodward during the 3rd quarter worth about $41,000. UMB Bank n.a. grew its stake in Woodward by 101.6% during the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock valued at $42,000 after purchasing an additional 124 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in shares of Woodward in the second quarter valued at about $69,000. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Stock Performance

WWD opened at $169.55 on Friday. The stock has a market cap of $10.12 billion, a P/E ratio of 28.35, a P/E/G ratio of 1.84 and a beta of 1.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.29. The firm has a fifty day moving average price of $167.09 and a 200 day moving average price of $170.80. Woodward, Inc. has a 1 year low of $126.31 and a 1 year high of $188.35.

Woodward Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. Woodward’s dividend payout ratio (DPR) is currently 16.72%.

Wall Street Analyst Weigh In

WWD has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Jefferies Financial Group raised shares of Woodward from a “hold” rating to a “buy” rating and raised their price target for the stock from $170.00 to $190.00 in a research report on Wednesday, July 31st. The Goldman Sachs Group dropped their price objective on shares of Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. TD Cowen reiterated a “hold” rating and issued a $160.00 price objective (down previously from $186.00) on shares of Woodward in a research note on Friday, October 4th. Finally, Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and boosted their target price for the company from $152.00 to $187.00 in a research report on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $174.67.

Insider Transactions at Woodward

In related news, COO Thomas G. Cromwell sold 7,913 shares of Woodward stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $175.13, for a total value of $1,385,803.69. Following the sale, the chief operating officer now owns 11,511 shares of the company’s stock, valued at approximately $2,015,921.43. This trade represents a 40.74 % 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. Insiders have sold a total of 27,913 shares of company stock valued at $4,907,304 in the last ninety days. 1.12% of the stock is currently owned by corporate insiders.

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.