WINTON GROUP Ltd grew its position in shares of Woodward, Inc. (NASDAQ:WWD – Free Report) by 277.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,640 shares of the technology company’s stock after buying an additional 1,940 shares during the quarter. WINTON GROUP Ltd’s holdings in Woodward were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently modified their holdings of the company. Accel Wealth Management boosted its position in shares of Woodward by 3.2% in the second quarter. Accel Wealth Management now owns 963 shares of the technology company’s stock valued at $410,000 after acquiring an additional 30 shares during the period. NewEdge Advisors LLC increased its position in Woodward by 1.5% during the first quarter. NewEdge Advisors LLC now owns 2,059 shares of the technology company’s stock worth $737,000 after acquiring an additional 31 shares during the period. Bessemer Group Inc. raised its stake in Woodward by 3.1% in the 1st quarter. Bessemer Group Inc. now owns 1,116 shares of the technology company’s stock worth $399,000 after purchasing an additional 34 shares in the last quarter. Meeder Advisory Services Inc. boosted its holdings in Woodward by 5.4% in the 1st quarter. Meeder Advisory Services Inc. now owns 758 shares of the technology company’s stock valued at $271,000 after purchasing an additional 39 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in Woodward by 1.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 3,327 shares of the technology company’s stock valued at $841,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 81.18% of the company’s stock.
Woodward Price Performance
Shares of WWD stock opened at $337.26 on Monday. The business has a fifty day simple moving average of $370.28 and a 200 day simple moving average of $376.25. The company has a market cap of $19.92 billion, a P/E ratio of 37.52, a P/E/G ratio of 1.98 and a beta of 0.87. The company has a quick ratio of 1.14, a current ratio of 1.65 and a debt-to-equity ratio of 0.25. Woodward, Inc. has a twelve month low of $233.31 and a twelve month high of $450.92.
Woodward Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $1.28 annualized dividend and a yield of 0.4%. Woodward’s dividend payout ratio is presently 14.24%.
Insiders Place Their Bets
In other Woodward news, EVP Shawn McLevige sold 2,150 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $356.82, for a total value of $767,163.00. Following the sale, the executive vice president owned 3,098 shares in the company, valued at $1,105,428.36. This trade represents a 40.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.71% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
WWD has been the topic of several recent research reports. Susquehanna started coverage on shares of Woodward in a report on Tuesday, May 26th. They set a “positive” rating and a $423.00 target price on the stock. Royal Bank Of Canada reduced their price target on Woodward from $450.00 to $430.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woodward in a report on Friday, July 17th. Truist Financial upped their target price on Woodward from $415.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Finally, TD Cowen upped their target price on Woodward from $390.00 to $420.00 and gave the company a “hold” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $419.00.
Woodward Company Profile
Woodward, Inc (NASDAQ: WWD) designs and manufactures control systems and components for the aerospace and industrial markets. Its products help manage fuel, air, combustion, motion, actuation and electrical power in engines, turbines and other energy-conversion systems.
In aerospace, Woodward supplies systems and components for commercial aircraft, business aviation, military aircraft, helicopters and space applications. Its offerings include fuel metering and engine control systems, air-management products, actuators, electric power systems and other controls used in propulsion and aircraft subsystems.
Woodward also serves industrial customers with controls for power generation, gas and diesel engines, renewable-energy equipment, industrial turbines and other applications.
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