Woodward, Inc. (NASDAQ:WWD) Shares Sold by Algert Global LLC

Algert Global LLC cut its stake in Woodward, Inc. (NASDAQ:WWD - Free Report) by 57.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,582 shares of the technology company's stock after selling 39,659 shares during the quarter. Algert Global LLC's holdings in Woodward were worth $5,074,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Earnest Partners LLC boosted its position in Woodward by 2.6% during the second quarter. Earnest Partners LLC now owns 1,380,384 shares of the technology company's stock worth $240,711,000 after acquiring an additional 34,946 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Woodward by 13.3% during the 2nd quarter. Sei Investments Co. now owns 634,698 shares of the technology company's stock worth $110,679,000 after purchasing an additional 74,734 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Woodward by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 541,496 shares of the technology company's stock valued at $94,426,000 after acquiring an additional 16,083 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Woodward by 94.2% in the 2nd quarter. Acadian Asset Management LLC now owns 434,385 shares of the technology company's stock worth $75,735,000 after acquiring an additional 210,746 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Woodward by 7.2% during the 2nd quarter. AQR Capital Management LLC now owns 425,854 shares of the technology company's stock worth $74,261,000 after purchasing an additional 28,698 shares during the period. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

Woodward Stock Up 1.8 %

Shares of NASDAQ WWD traded up $3.24 during midday trading on Monday, hitting $179.29. 1,038,724 shares of the company's stock were exchanged, compared to its average volume of 427,028. The company has a market cap of $10.70 billion, a PE ratio of 29.98, a P/E/G ratio of 1.87 and a beta of 1.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.29. Woodward, Inc. has a twelve month low of $129.46 and a twelve month high of $188.35. The firm's fifty day simple moving average is $167.82 and its 200-day simple moving average is $170.87.

Woodward Announces Dividend

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 paid a $0.25 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.00 annualized dividend and a yield of 0.56%. Woodward's dividend payout ratio is presently 16.72%.

Wall Street Analyst Weigh In

WWD has been the topic of several research analyst reports. Jefferies Financial Group upgraded Woodward from a "hold" rating to a "buy" rating and boosted their price objective for the company from $170.00 to $190.00 in a report on Wednesday, July 31st. The Goldman Sachs Group reduced their price target on shares of Woodward from $228.00 to $201.00 and set a "buy" rating on the stock in a research report on Wednesday, July 31st. Truist Financial upgraded shares of Woodward from a "hold" rating to a "buy" rating and lifted their price objective for the company from $152.00 to $187.00 in a report on Wednesday, August 21st. StockNews.com lowered shares of Woodward from a "buy" rating to a "hold" rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Woodward from $158.00 to $162.00 and gave the stock a "hold" rating in a research note on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $174.67.

Insider Transactions at Woodward

In other news, COO Thomas G. Cromwell sold 7,913 shares of the company's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $175.13, for a total value of $1,385,803.69. Following the completion of the sale, the chief operating officer now directly owns 11,511 shares of the company's stock, valued at approximately $2,015,921.43. This represents a 40.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 27,913 shares of company stock worth $4,907,304. Corporate insiders own 1.12% of the company's stock.

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.