Truist Financial Corp Sells 9,580 Shares of Woodward, Inc. (NASDAQ:WWD)

Truist Financial Corp trimmed its holdings in Woodward, Inc. (NASDAQ:WWDGet 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.

Woodward (NASDAQ:WWDGet Rating) last posted its earnings results on Thursday, November 17th. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.12. Woodward had a net margin of 7.21% and a return on equity of 8.60%. The firm had revenue of $640.03 million during the quarter, compared to analysts’ expectations of $626.12 million. Equities research analysts anticipate that Woodward, Inc. will post 3.41 earnings per share for the current year.

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 Profile

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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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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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