Larson Financial Group LLC Grows Holdings in Woodward, Inc. (NASDAQ:WWD)

Larson Financial Group LLC increased its stake in Woodward, Inc. (NASDAQ:WWD) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,618 shares of the technology company’s stock after buying an additional 544 shares during the period. Larson Financial Group LLC’s holdings in Woodward were worth $3,879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WWD. Cerity Partners LLC grew its holdings in Woodward by 165.5% during the 3rd quarter. Cerity Partners LLC now owns 8,603 shares of the technology company’s stock worth $1,476,000 after acquiring an additional 5,363 shares in the last quarter. Citigroup Inc. lifted its position in shares of Woodward by 12.1% during the third quarter. Citigroup Inc. now owns 64,153 shares of the technology company’s stock worth $11,003,000 after purchasing an additional 6,917 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Woodward in the third quarter worth about $473,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Woodward by 10.2% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 83,980 shares of the technology company’s stock valued at $14,404,000 after buying an additional 7,798 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Woodward by 17.4% during the third quarter. Advisors Asset Management Inc. now owns 16,248 shares of the technology company’s stock valued at $2,787,000 after buying an additional 2,412 shares in the last quarter. Institutional investors own 81.18% of the company’s stock.

Woodward Stock Performance

Shares of WWD opened at $176.05 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. Woodward, Inc. has a 12 month low of $129.46 and a 12 month high of $188.35. The company’s fifty day moving average is $167.82 and its 200-day moving average is $170.96. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 1.87 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. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s dividend payout ratio is 16.72%.

Wall Street Analyst Weigh In

WWD has been the topic of several analyst reports. Truist Financial raised Woodward from a “hold” rating to a “buy” rating and increased their target price for the stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. The Goldman Sachs Group cut their price objective on Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. TD Cowen restated a “hold” rating and set a $160.00 price target (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. StockNews.com downgraded Woodward from a “buy” rating to a “hold” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $174.67.

Insider Buying and Selling at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 11,511 shares of the company’s stock, valued at $2,008,669.50. The trade was a 46.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 27,913 shares of company stock worth $4,907,304 over the last 90 days. Insiders own 1.12% of the company’s stock.

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.