Meeder Asset Management Inc. lifted its stake in Woodward, Inc. (NASDAQ:WWD – Get Rating) by 41.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 468 shares of the technology company’s stock after buying an additional 136 shares during the quarter. Meeder Asset Management Inc.’s holdings in Woodward were worth $43,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ellevest Inc. increased its holdings in shares of Woodward by 73.8% in the second quarter. Ellevest Inc. now owns 497 shares of the technology company’s stock worth $46,000 after purchasing an additional 211 shares during the last quarter. Captrust Financial Advisors raised its holdings in Woodward by 46.9% during the 1st quarter. Captrust Financial Advisors now owns 877 shares of the technology company’s stock valued at $110,000 after buying an additional 280 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in Woodward by 1,142.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,131 shares of the technology company’s stock worth $141,000 after buying an additional 1,040 shares during the last quarter. Prospera Financial Services Inc bought a new stake in Woodward in the first quarter worth $154,000. Finally, Van ECK Associates Corp lifted its holdings in shares of Woodward by 15.9% in the 1st quarter. Van ECK Associates Corp now owns 1,378 shares of the technology company’s stock worth $172,000 after acquiring an additional 189 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on WWD shares. Jefferies Financial Group reissued a “hold” rating and issued a $90.00 price objective on shares of Woodward in a research note on Wednesday, September 14th. Truist Financial decreased their price target on shares of Woodward from $88.00 to $80.00 in a research note on Wednesday, October 12th. Wells Fargo & Company dropped their price objective on Woodward from $117.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 2nd. Wolfe Research began coverage on Woodward in a research report on Monday, October 10th. They set an “outperform” rating and a $100.00 price target on the stock. Finally, StockNews.com assumed coverage on shares of Woodward in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Woodward presently has an average rating of “Hold” and a consensus target price of $106.43.
Insiders Place Their Bets
Woodward Stock Up 0.1 %
NASDAQ:WWD opened at $100.02 on Monday. The company has a current ratio of 2.95, a quick ratio of 1.77 and a debt-to-equity ratio of 0.38. Woodward, Inc. has a twelve month low of $79.26 and a twelve month high of $129.12. The company has a market cap of $6.02 billion, a PE ratio of 38.32, a P/E/G ratio of 1.96 and a beta of 1.50. The company’s 50 day moving average is $89.03 and its two-hundred day moving average is $94.51.
Woodward Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, November 10th. Woodward’s dividend payout ratio (DPR) is 29.12%.
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through 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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