Nisa Investment Advisors LLC Has $3.84 Million Stock Position in Woodward, Inc. (NASDAQ:WWD)

Nisa Investment Advisors LLC cut its stake in Woodward, Inc. (NASDAQ:WWD - Free Report) by 12.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,380 shares of the technology company's stock after selling 3,213 shares during the period. Nisa Investment Advisors LLC's holdings in Woodward were worth $3,838,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new stake in shares of Woodward in the 1st quarter valued at approximately $31,000. Wolff Wiese Magana LLC acquired a new stake in shares of Woodward during the third quarter worth $31,000. AlphaCentric Advisors LLC bought a new position in shares of Woodward in the 2nd quarter worth about $37,000. UMB Bank n.a. boosted its holdings in shares of Woodward by 101.6% in the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company's stock valued at $42,000 after buying an additional 124 shares during the period. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Woodward during the 1st quarter valued at about $46,000. 81.18% of the stock is currently owned by institutional investors.

Woodward Price Performance

WWD traded down $2.77 during trading on Friday, reaching $161.32. The stock had a trading volume of 458,409 shares, compared to its average volume of 338,832. Woodward, Inc. has a 1-year low of $126.31 and a 1-year high of $188.35. The firm has a market capitalization of $9.62 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.74 and a beta of 1.38. The stock has a 50 day moving average of $165.24 and a two-hundred day moving average of $169.14. 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 Announces Dividend

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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, November 21st. Woodward's payout ratio is currently 16.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WWD shares. Jefferies Financial Group raised Woodward from a "hold" rating to a "buy" rating and upped their target price for the company from $170.00 to $190.00 in a report on Wednesday, July 31st. 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. StockNews.com downgraded shares of Woodward from a "buy" rating to a "hold" rating in a report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Woodward from $158.00 to $162.00 and gave the stock a "hold" rating in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group reduced their target price on shares of Woodward from $228.00 to $201.00 and set a "buy" rating for the company in a research note on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.