PEAK6 Investments LLC Purchases New Shares in Woodward, Inc. (NASDAQ:WWD)

PEAK6 Investments LLC purchased a new stake in shares of Woodward, Inc. (NASDAQ:WWD) in the third quarter, Holdings Channel.com reports. The fund purchased 14,276 shares of the technology company’s stock, valued at approximately $2,448,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WWD. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Woodward by 10.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,496 shares of the technology company’s stock valued at $2,486,000 after buying an additional 1,361 shares during the period. Glenmede Trust Co. NA increased its stake in shares of Woodward by 29.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 26,266 shares of the technology company’s stock valued at $4,505,000 after buying an additional 6,050 shares during the period. Alpha Wave Global LP increased its stake in shares of Woodward by 26.0% in the 3rd quarter. Alpha Wave Global LP now owns 311,253 shares of the technology company’s stock valued at $53,383,000 after buying an additional 64,212 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Woodward by 14.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,574 shares of the technology company’s stock valued at $5,244,000 after buying an additional 3,932 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Woodward in the 3rd quarter valued at $69,000. 81.18% of the stock is owned by institutional investors and hedge funds.

Woodward Stock Up 0.7 %

Woodward stock opened at $180.32 on Monday. The company has a 50 day moving average of $169.35 and a 200-day moving average of $171.04. The company has a quick ratio of 1.29, a current ratio of 1.89 and a debt-to-equity ratio of 0.26. Woodward, Inc. has a twelve month low of $129.96 and a twelve month high of $201.64. The stock has a market capitalization of $10.66 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38.

Woodward Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s payout ratio is presently 16.64%.

Analyst Ratings Changes

Several equities research analysts have recently commented on WWD shares. TD Cowen reissued a “hold” rating and issued a $160.00 target price (down from $186.00) on shares of Woodward in a research note on Friday, October 4th. StockNews.com cut Woodward from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lifted 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. Truist Financial reaffirmed a “buy” rating and set a $226.00 price objective (up from $187.00) on shares of Woodward in a research note on Tuesday, November 26th. Finally, UBS Group lifted their price objective on Woodward from $209.00 to $228.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $184.67.

Insider Buying and Selling at Woodward

In other news, COO Thomas G. Cromwell sold 10,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $177.65, for a total transaction of $1,776,500.00. Following the completion of the transaction, the chief operating officer now directly owns 11,511 shares of the company’s stock, valued at $2,044,929.15. This represents a 46.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 27,913 shares of company stock valued at $4,907,304 in the last 90 days. 1.12% of the stock is currently owned by company 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.