Navellier & Associates Inc. Decreases Holdings in Woodward, Inc. (NASDAQ:WWD)

Navellier & Associates Inc. decreased its position in Woodward, Inc. (NASDAQ:WWD) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,230 shares of the technology company’s stock after selling 299 shares during the quarter. Navellier & Associates Inc.’s holdings in Woodward were worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC purchased a new position in shares of Woodward in the third quarter valued at about $31,000. AlphaCentric Advisors LLC bought a new position in Woodward in the 2nd quarter worth $37,000. Capital Performance Advisors LLP bought a new stake in shares of Woodward during the 3rd quarter valued at about $41,000. UMB Bank n.a. boosted its position in 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 acquiring an additional 124 shares in the last quarter. Finally, Versant Capital Management Inc bought a new position in shares of Woodward in the 2nd quarter worth approximately $69,000. 81.18% of the stock is currently owned by institutional investors.

Woodward Trading Up 0.8 %

Shares of WWD stock opened at $172.17 on Thursday. The firm has a fifty day moving average price of $167.50 and a 200-day moving average price of $170.93. Woodward, Inc. has a 1 year low of $128.52 and a 1 year high of $188.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.29. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 1.82 and a beta of 1.38.

Woodward Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.58%. The ex-dividend date is Thursday, November 21st. Woodward’s dividend payout ratio is 16.72%.

Insider Buying and Selling

In other Woodward news, COO Thomas G. Cromwell sold 7,913 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $175.13, for a total transaction of $1,385,803.69. Following the sale, the chief operating officer now directly owns 11,511 shares of the company’s stock, valued at $2,015,921.43. This trade represents a 40.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 27,913 shares of company stock valued at $4,907,304. 1.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WWD has been the topic of a number of recent research reports. Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and upped their target price for the stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. StockNews.com upgraded shares of Woodward from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their price target on Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. TD Cowen reissued a “hold” rating and issued a $160.00 target price (down previously from $186.00) on shares of Woodward in a research report on Friday, October 4th. Finally, The Goldman Sachs Group dropped their price target on shares of Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $174.67.

Woodward Company 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.