Meeder Asset Management Inc. Raises Stock Position in Woodward, Inc. (NASDAQ:WWD)

Meeder Asset Management Inc. lifted its stake in Woodward, Inc. (NASDAQ:WWDGet 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

In related news, CEO Charles P. Blankenship purchased 500 shares of Woodward stock in a transaction that occurred on Friday, August 26th. The stock was purchased at an average price of $98.00 per share, for a total transaction of $49,000.00. Following the transaction, the chief executive officer now directly owns 37,600 shares in the company, valued at $3,684,800. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In related news, Director David P. Hess bought 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The stock was purchased at an average cost of $93.93 per share, for a total transaction of $1,033,230.00. Following the completion of the acquisition, the director now owns 15,400 shares in the company, valued at approximately $1,446,522. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles P. Blankenship acquired 500 shares of Woodward stock in a transaction dated Friday, August 26th. The shares were bought at an average price of $98.00 per share, with a total value of $49,000.00. Following the transaction, the chief executive officer now directly owns 37,600 shares in the company, valued at approximately $3,684,800. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 15,500 shares of company stock worth $1,473,180. Company insiders own 3.90% of the company’s stock.

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 Profile

(Get Rating)

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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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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