Olympiad Research LP Buys Shares of 1,665 Woodward, Inc. (NASDAQ:WWD)

Olympiad Research LP purchased a new stake in Woodward, Inc. (NASDAQ:WWD) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,665 shares of the technology company’s stock, valued at approximately $286,000.

Other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC boosted its holdings in shares of Woodward by 743.5% in the first quarter. Acadian Asset Management LLC now owns 223,639 shares of the technology company’s stock valued at $34,452,000 after purchasing an additional 197,125 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Woodward in the first quarter valued at approximately $3,962,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Woodward in the first quarter valued at approximately $1,301,000. Quadrature Capital Ltd boosted its holdings in shares of Woodward by 16.9% in the first quarter. Quadrature Capital Ltd now owns 26,042 shares of the technology company’s stock valued at $4,011,000 after purchasing an additional 3,759 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in shares of Woodward in the first quarter valued at approximately $1,911,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Woodward Stock Performance

Shares of WWD opened at $176.97 on Friday. Woodward, Inc. has a 12 month low of $126.31 and a 12 month high of $188.35. The stock has a fifty day moving average price of $165.63 and a 200-day moving average price of $169.76. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. The firm has a market cap of $10.56 billion, a PE ratio of 29.59, a P/E/G ratio of 1.83 and a beta of 1.38.

Woodward Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. Woodward’s dividend payout ratio is presently 16.72%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target on Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. StockNews.com cut Woodward from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and increased their target price for the company from $170.00 to $190.00 in a research report on Wednesday, July 31st. Finally, TD Cowen reaffirmed a “hold” rating and set a $160.00 target price (down previously from $186.00) on shares of Woodward in a research report on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $174.67.

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.