Circle Wealth Management LLC Grows Holdings in Woodward, Inc. (NASDAQ:WWD)

Circle Wealth Management LLC raised its position in shares of Woodward, Inc. (NASDAQ:WWD) by 14.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,315 shares of the technology company’s stock after purchasing an additional 297 shares during the quarter. Circle Wealth Management LLC’s holdings in Woodward were worth $397,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WWD. Wolff Wiese Magana LLC purchased a new stake in shares of Woodward during the third quarter worth about $31,000. AlphaCentric Advisors LLC purchased a new stake in Woodward in the 2nd quarter worth $37,000. Capital Performance Advisors LLP bought a new position in shares of Woodward during the 3rd quarter valued at about $41,000. UMB Bank n.a. boosted its holdings in shares of 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 purchased a new position in shares of Woodward during the second quarter valued at about $69,000. 81.18% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $174.50, for a total value of $1,745,000.00. Following the completion of the sale, the chief operating officer now directly owns 11,511 shares in the company, valued at $2,008,669.50. The trade was a 46.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 27,913 shares of company stock worth $4,907,304 in the last three months. Corporate insiders own 1.12% of the company’s stock.

Woodward Stock Up 0.7 %

Shares of NASDAQ WWD opened at $180.32 on Friday. The firm has a 50-day simple moving average of $169.35 and a two-hundred day simple moving average of $171.08. Woodward, Inc. has a 1 year low of $129.96 and a 1 year high of $201.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.89 and a quick ratio of 1.29. The company has a market cap of $10.66 billion, a P/E ratio of 30.00, a PEG ratio of 1.91 and a beta of 1.38.

Woodward Dividend Announcement

The business 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 is Thursday, November 21st. This represents a $1.00 annualized dividend and a yield of 0.55%. Woodward’s dividend payout ratio (DPR) is 16.64%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WWD. Deutsche Bank Aktiengesellschaft increased their price target on Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. UBS Group raised their target price on shares of Woodward from $209.00 to $228.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. StockNews.com cut shares of Woodward from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. TD Cowen reiterated a “hold” rating and set a $160.00 price objective (down previously from $186.00) on shares of Woodward in a research report on Friday, October 4th. Finally, Truist Financial restated a “buy” rating and issued a $226.00 target price (up from $187.00) on shares of Woodward in a report on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $184.67.

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.