Truist Financial Corp trimmed its holdings in Woodward, Inc. (NASDAQ:WWD – Get Rating) by 52.0% in the third quarter, HoldingsChannel reports. The fund owned 8,849 shares of the technology company’s stock after selling 9,580 shares during the period. Truist Financial Corp’s holdings in Woodward were worth $710,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new stake in shares of Woodward in the second quarter worth about $28,000. Wipfli Financial Advisors LLC bought a new stake in Woodward during the 3rd quarter valued at approximately $35,000. Meeder Asset Management Inc. lifted its holdings in shares of Woodward by 41.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 468 shares of the technology company’s stock worth $43,000 after buying an additional 136 shares during the period. Ellevest Inc. lifted its holdings in shares of Woodward by 73.8% in the 2nd quarter. Ellevest Inc. now owns 497 shares of the technology company’s stock worth $46,000 after buying an additional 211 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in shares of Woodward by 46.9% in the 1st quarter. Captrust Financial Advisors now owns 877 shares of the technology company’s stock worth $110,000 after buying an additional 280 shares during the period. 81.74% of the stock is currently owned by institutional investors.
Woodward Stock Performance
WWD opened at $106.99 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.43 and a quick ratio of 1.48. The firm has a fifty day moving average price of $97.90 and a 200 day moving average price of $94.52. Woodward, Inc. has a 1 year low of $79.26 and a 1 year high of $129.12. The stock has a market cap of $6.39 billion, a P/E ratio of 39.19, a P/E/G ratio of 2.34 and a beta of 1.46.
Analysts Set New Price Targets
Several brokerages have weighed in on WWD. Wolfe Research downgraded Woodward from an “outperform” rating to a “peer perform” rating in a report on Tuesday, November 22nd. TheStreet raised shares of Woodward from a “c” rating to a “b-” rating in a research report on Friday, December 2nd. Wells Fargo & Company boosted their target price on shares of Woodward from $100.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, November 18th. Truist Financial lifted their price objective on shares of Woodward from $88.00 to $93.00 in a research note on Monday, January 9th. Finally, Barclays decreased their price objective on shares of Woodward from $110.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday, November 21st. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $106.57.
Woodward, Inc engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aerospace and Industrial. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air and combustion and motion control.
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