Woodward, Inc. (NASDAQ:WWD) Stock Holdings Increased by Alpha Wave Global LP

Alpha Wave Global LP lifted its holdings in Woodward, Inc. (NASDAQ:WWD) by 26.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 311,253 shares of the technology company’s stock after acquiring an additional 64,212 shares during the quarter. Woodward accounts for 16.5% of Alpha Wave Global LP’s holdings, making the stock its 3rd biggest position. Alpha Wave Global LP’s holdings in Woodward were worth $53,383,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC grew its position in Woodward by 114.4% during the 2nd quarter. SG Americas Securities LLC now owns 17,038 shares of the technology company’s stock worth $2,971,000 after purchasing an additional 9,092 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Woodward by 17,072.3% in the 3rd quarter. International Assets Investment Management LLC now owns 76,760 shares of the technology company’s stock valued at $13,165,000 after buying an additional 76,313 shares during the period. Panagora Asset Management Inc. raised its position in Woodward by 16.3% during the second quarter. Panagora Asset Management Inc. now owns 93,324 shares of the technology company’s stock valued at $16,274,000 after acquiring an additional 13,097 shares in the last quarter. Associated Banc Corp lifted its stake in shares of Woodward by 6.1% in the 3rd quarter. Associated Banc Corp now owns 66,510 shares of the technology company’s stock valued at $11,407,000 after purchasing an additional 3,836 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Woodward during the second quarter worth $548,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Woodward Price Performance

WWD stock opened at $187.29 on Wednesday. The business’s fifty day moving average price is $168.14 and its 200 day moving average price is $170.87. Woodward, Inc. has a 12-month low of $129.46 and a 12-month high of $201.64. 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 company has a market capitalization of $11.17 billion, a PE ratio of 31.16, a P/E/G ratio of 1.91 and a beta of 1.38.

Woodward Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given 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 0.53%. Woodward’s dividend payout ratio is presently 16.64%.

Analysts Set New Price Targets

WWD has been the subject of a number of analyst reports. TD Cowen reaffirmed a “hold” rating and issued a $160.00 price target (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of 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 upgraded Woodward from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $170.00 to $190.00 in a research note on Wednesday, July 31st. UBS Group boosted their price target on Woodward from $209.00 to $228.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Truist Financial reaffirmed a “buy” rating and set a $226.00 target price (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 MarketBeat, Woodward presently has an average rating of “Hold” and a consensus price target of $184.67.

Insider Transactions at Woodward

In other news, COO Thomas G. Cromwell sold 10,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $177.65, for a total value of $1,776,500.00. Following the sale, the chief operating officer now directly owns 11,511 shares in the company, valued at approximately $2,044,929.15. This trade represents a 46.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 27,913 shares of company stock valued at $4,907,304. 1.12% of the stock is currently owned by corporate insiders.

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.