SG Americas Securities LLC Has $480,000 Stock Position in Woodward, Inc. (NASDAQ:WWD)

SG Americas Securities LLC decreased its holdings in Woodward, Inc. (NASDAQ:WWD - Free Report) by 83.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,796 shares of the technology company's stock after selling 14,242 shares during the period. SG Americas Securities LLC's holdings in Woodward were worth $480,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fidelis Capital Partners LLC acquired a new stake in Woodward during the first quarter valued at $31,000. Mather Group LLC. bought a new stake in shares of Woodward in the 1st quarter valued at approximately $34,000. AlphaCentric Advisors LLC acquired a new position in Woodward in the second quarter worth approximately $37,000. Daiwa Securities Group Inc. bought a new position in Woodward during the first quarter valued at approximately $46,000. Finally, Versant Capital Management Inc acquired a new stake in Woodward in the second quarter valued at approximately $69,000. 81.18% of the stock is owned by hedge funds and other institutional investors.

Woodward Stock Performance

WWD traded down $0.19 during midday trading on Thursday, reaching $165.44. The company's stock had a trading volume of 334,868 shares, compared to its average volume of 422,015. Woodward, Inc. has a twelve month low of $119.03 and a twelve month high of $188.35. The stock has a market cap of $10.08 billion, a P/E ratio of 28.92, a PEG ratio of 1.76 and a beta of 1.37. The company has a fifty day simple moving average of $163.66 and a 200 day simple moving average of $168.28. 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 (NASDAQ:WWD - Get Free Report) last announced its earnings results on Monday, July 29th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.11. Woodward had a net margin of 11.47% and a return on equity of 17.16%. The business had revenue of $847.69 million for the quarter, compared to analyst estimates of $853.29 million. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Woodward's revenue was up 5.9% compared to the same quarter last year. Research analysts expect that Woodward, Inc. will post 5.92 earnings per share for the current year.

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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Thursday, November 21st. Woodward's dividend payout ratio (DPR) is presently 17.48%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. TD Cowen restated a "hold" rating and set a $160.00 price target (down previously from $186.00) on shares of Woodward in a research note on Friday, October 4th. Truist Financial raised shares of 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 reduced their price target on Woodward from $228.00 to $201.00 and set a "buy" rating for the company in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft increased their price objective on Woodward from $158.00 to $162.00 and gave the company a "hold" rating in a report on Thursday, October 3rd. Finally, Jefferies Financial Group upgraded Woodward from a "hold" rating to a "buy" rating and boosted their target price for the stock from $170.00 to $190.00 in a report on Wednesday, July 31st. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" 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.