Brooklyn Investment Group Takes $69,000 Position in Woodward, Inc. (NASDAQ:WWD)

Brooklyn Investment Group bought a new position in Woodward, Inc. (NASDAQ:WWD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 402 shares of the technology company’s stock, valued at approximately $69,000.

Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can grew its position in shares of Woodward by 3.2% during the 3rd quarter. Bank of Montreal Can now owns 47,151 shares of the technology company’s stock worth $8,040,000 after buying an additional 1,455 shares in the last quarter. Associated Banc Corp increased its holdings in Woodward by 6.1% in the 3rd quarter. Associated Banc Corp now owns 66,510 shares of the technology company’s stock worth $11,407,000 after buying an additional 3,836 shares during the period. DRW Securities LLC acquired a new position in shares of Woodward in the 3rd quarter valued at about $270,000. Larson Financial Group LLC lifted its stake in shares of Woodward by 2.5% in the 3rd quarter. Larson Financial Group LLC now owns 22,618 shares of the technology company’s stock valued at $3,879,000 after purchasing an additional 544 shares during the period. Finally, Cerity Partners LLC grew its holdings in Woodward by 165.5% in the third quarter. Cerity Partners LLC now owns 8,603 shares of the technology company’s stock valued at $1,476,000 after purchasing an additional 5,363 shares during the period. Institutional investors own 81.18% of the company’s stock.

Insider Buying and Selling

In related news, COO Thomas G. Cromwell sold 7,913 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 11,511 shares in the company, valued at approximately $2,015,921.43. This trade represents a 40.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 27,913 shares of company stock worth $4,907,304 over the last three months. 1.12% of the stock is currently owned by company insiders.

Woodward Stock Down 4.4 %

WWD opened at $179.05 on Friday. Woodward, Inc. has a fifty-two week low of $129.46 and a fifty-two week high of $201.64. The company has a market capitalization of $10.59 billion, a P/E ratio of 29.79, a P/E/G ratio of 1.91 and a beta of 1.38. The firm’s fifty day moving average price is $168.88 and its two-hundred day moving average price is $171.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.89 and a quick ratio of 1.29.

Woodward Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date is Thursday, November 21st. Woodward’s dividend payout ratio (DPR) is presently 16.64%.

Analysts Set New Price Targets

A number of analysts have issued reports on WWD shares. UBS Group raised their target price on Woodward from $209.00 to $228.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Cowen reissued a “hold” rating and set a $160.00 price objective (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. StockNews.com cut Woodward from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. Finally, Truist Financial reissued a “buy” rating and set a $226.00 price objective (up previously from $187.00) on shares of Woodward in a research note on Tuesday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Woodward currently has an average rating of “Hold” and an average price target of $184.67.

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.