New York State Common Retirement Fund Has $14.66 Million Stock Position in Woodward, Inc. (NASDAQ:WWD)

New York State Common Retirement Fund reduced its holdings in Woodward, Inc. (NASDAQ:WWD - Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,490 shares of the technology company's stock after selling 4,200 shares during the quarter. New York State Common Retirement Fund owned 0.14% of Woodward worth $14,662,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

WWD has been the topic of a number of recent research reports. TD Cowen restated a "hold" rating and issued a $160.00 target price (down from $186.00) on shares of Woodward in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Woodward from $158.00 to $162.00 and gave the stock a "hold" rating in a research report on Thursday, October 3rd. The Goldman Sachs Group reduced their price target on shares of Woodward from $228.00 to $201.00 and set a "buy" rating for the company 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 stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. Finally, Jefferies Financial Group raised Woodward from a "hold" rating to a "buy" rating and raised their target price for the stock from $170.00 to $190.00 in a research report on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $174.67.

Woodward Stock Performance

Woodward stock traded up $5.95 during trading hours on Wednesday, reaching $172.52. 736,960 shares of the company were exchanged, compared to its average volume of 418,414. Woodward, Inc. has a 12 month low of $126.31 and a 12 month high of $188.35. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 1.74 and a beta of 1.38. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $165.28 and a 200 day moving average of $169.69.

Woodward Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders 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 0.58%. The ex-dividend date is Thursday, November 21st. Woodward's dividend payout ratio is 16.72%.

Woodward 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.