DRW Securities LLC Buys Shares of 1,576 Woodward, Inc. (NASDAQ:WWD)

DRW Securities LLC purchased a new stake in shares of Woodward, Inc. (NASDAQ:WWD) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,576 shares of the technology company’s stock, valued at approximately $270,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Earnest Partners LLC increased its holdings in Woodward by 2.6% in the 2nd quarter. Earnest Partners LLC now owns 1,380,384 shares of the technology company’s stock valued at $240,711,000 after purchasing an additional 34,946 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Woodward by 13.3% in the 2nd quarter. Sei Investments Co. now owns 634,698 shares of the technology company’s stock valued at $110,679,000 after buying an additional 74,734 shares during the period. Bank of New York Mellon Corp lifted its stake in Woodward by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 541,496 shares of the technology company’s stock worth $94,426,000 after acquiring an additional 16,083 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Woodward by 94.2% during the 2nd quarter. Acadian Asset Management LLC now owns 434,385 shares of the technology company’s stock valued at $75,735,000 after acquiring an additional 210,746 shares during the period. Finally, AQR Capital Management LLC grew its position in Woodward by 7.2% in the 2nd quarter. AQR Capital Management LLC now owns 425,854 shares of the technology company’s stock valued at $74,261,000 after acquiring an additional 28,698 shares in the last quarter. 81.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WWD has been the subject of several recent research reports. The Goldman Sachs Group lowered their price objective on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Truist Financial reissued a “buy” rating and issued a $226.00 price target (up previously from $187.00) on shares of Woodward in a research report on Tuesday. Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and upped their price objective for the stock from $170.00 to $190.00 in a research report on Wednesday, July 31st. UBS Group lifted their target price on Woodward from $209.00 to $228.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $184.67.

Insiders Place Their Bets

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $177.65, for a total transaction of $1,776,500.00. Following the transaction, the chief operating officer now owns 11,511 shares of the company’s stock, valued at approximately $2,044,929.15. This trade represents a 46.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 27,913 shares of company stock valued at $4,907,304. 1.12% of the stock is owned by corporate insiders.

Woodward Trading Down 4.4 %

NASDAQ:WWD opened at $179.05 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96. Woodward, Inc. has a 1 year low of $129.46 and a 1 year high of $201.64. The stock has a market cap of $10.68 billion, a P/E ratio of 29.79, a P/E/G ratio of 1.91 and a beta of 1.38. The stock has a 50-day simple moving average of $168.59 and a 200-day simple moving average of $170.94.

Woodward Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a $0.25 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.00 annualized dividend and a yield of 0.56%. Woodward’s dividend payout ratio is currently 16.64%.

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.