Los Angeles Capital Management LLC Sells 106,016 Shares of Woodward, Inc. (NASDAQ:WWD)

Los Angeles Capital Management LLC reduced its stake in Woodward, Inc. (NASDAQ:WWD - Free Report) by 98.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 2,148 shares of the technology company's stock after selling 106,016 shares during the quarter. Los Angeles Capital Management LLC's holdings in Woodward were worth $368,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WWD. Crossmark Global Holdings Inc. raised its stake in shares of Woodward by 21.9% in the third quarter. Crossmark Global Holdings Inc. now owns 4,550 shares of the technology company's stock valued at $780,000 after buying an additional 818 shares during the period. Bridges Investment Management Inc. increased its stake in shares of Woodward by 27.6% in the third quarter. Bridges Investment Management Inc. now owns 5,460 shares of the technology company's stock worth $936,000 after purchasing an additional 1,180 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Woodward in the third quarter worth about $41,000. Olympiad Research LP purchased a new stake in shares of Woodward during the 3rd quarter valued at approximately $286,000. Finally, Van ECK Associates Corp boosted its holdings in Woodward by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 35,274 shares of the technology company's stock worth $5,799,000 after buying an additional 10,080 shares during the period. Institutional investors own 81.18% of the company's stock.

Insider Activity at Woodward

In other news, COO Thomas G. Cromwell sold 10,000 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $174.50, for a total transaction of $1,745,000.00. Following the sale, the chief operating officer now owns 11,511 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders sold 27,913 shares of company stock worth $4,907,304 in the last ninety days. 1.12% of the stock is owned by company insiders.

Woodward Price Performance

Shares of WWD stock traded up $0.37 during trading hours on Monday, hitting $169.91. 289,026 shares of the company's stock were exchanged, compared to its average volume of 419,408. Woodward, Inc. has a 12-month low of $128.52 and a 12-month high of $188.35. The company has a market capitalization of $10.14 billion, a PE ratio of 28.41, a PEG ratio of 1.80 and a beta of 1.38. The business's 50 day simple moving average is $167.20 and its 200-day simple moving average is $170.91. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26.

Woodward Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 dividend yield of 0.59%. The ex-dividend date is Thursday, November 21st. Woodward's dividend payout ratio (DPR) is presently 16.72%.

Analyst Ratings Changes

WWD has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price objective on Woodward from $228.00 to $201.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. Jefferies Financial Group raised shares of 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 research note on Wednesday, July 31st. TD Cowen reaffirmed a "hold" rating and set a $160.00 target price (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. Truist Financial raised shares of Woodward from a "hold" rating to a "buy" rating and raised their price target for the company from $152.00 to $187.00 in a report on Wednesday, August 21st. Finally, StockNews.com upgraded shares of Woodward from a "hold" rating to a "buy" rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.67.

About Woodward

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.