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Wealth Enhancement Advisory Services LLC Purchases 6,456 Shares of Woodward, Inc. (NASDAQ:WWD)

Woodward logo with Aerospace background

Wealth Enhancement Advisory Services LLC boosted its holdings in Woodward, Inc. (NASDAQ:WWD - Free Report) by 100.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,869 shares of the technology company's stock after purchasing an additional 6,456 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Woodward were worth $2,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Wolff Wiese Magana LLC bought a new position in shares of Woodward in the 3rd quarter valued at about $31,000. Fidelis Capital Partners LLC bought a new position in shares of Woodward in the 1st quarter valued at about $31,000. AlphaCentric Advisors LLC acquired a new stake in shares of Woodward during the 2nd quarter worth about $37,000. UMB Bank n.a. lifted its stake in shares of Woodward by 101.6% during the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company's stock worth $42,000 after buying an additional 124 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Woodward during the 1st quarter worth about $46,000. Institutional investors own 81.18% of the company's stock.

Woodward Trading Down 1.7 %

Shares of NASDAQ: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. The firm's fifty day moving average is $165.24 and its 200 day moving average is $169.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96. Woodward, Inc. has a 52 week low of $126.31 and a 52 week high of $188.35. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 1.74 and a beta of 1.38.

Woodward Dividend Announcement

The company also recently disclosed 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 0.62%. The ex-dividend date is Thursday, November 21st. Woodward's dividend payout ratio is currently 16.72%.

Analyst Upgrades and Downgrades

WWD has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Woodward from $158.00 to $162.00 and gave the stock a "hold" rating in a research note on Thursday, October 3rd. Truist Financial upgraded shares of Woodward from a "hold" rating to a "buy" rating and boosted their target price for the company from $152.00 to $187.00 in a research report on Wednesday, August 21st. The Goldman Sachs Group decreased their price target on shares of 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 lifted their price target for the company from $170.00 to $190.00 in a report on Wednesday, July 31st. Finally, TD Cowen reaffirmed a "hold" rating and set a $160.00 price target (down from $186.00) on shares of Woodward in a report on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $174.67.

View Our Latest Stock Report on WWD

About Woodward

(Free Report)

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.

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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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