Wealth Enhancement Advisory Services LLC Acquires 6,456 Shares of Woodward, Inc. (NASDAQ:WWD)

Wealth Enhancement Advisory Services LLC lifted its holdings in Woodward, Inc. (NASDAQ:WWD) by 100.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 12,869 shares of the technology company’s stock after acquiring an additional 6,456 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Woodward were worth $2,207,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Fidelis Capital Partners LLC bought a new position in Woodward during the 1st quarter worth approximately $31,000. Wolff Wiese Magana LLC purchased a new position in shares of Woodward in the third quarter worth $31,000. AlphaCentric Advisors LLC purchased a new position in shares of Woodward in the second quarter worth $37,000. UMB Bank n.a. raised its holdings in Woodward by 101.6% during the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock valued at $42,000 after buying an additional 124 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in Woodward during the 1st quarter valued at $46,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and increased their target price for the stock from $152.00 to $187.00 in a report on Wednesday, August 21st. Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $170.00 to $190.00 in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft upped their target price on Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. The Goldman Sachs Group cut their price target on shares of Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, TD Cowen reaffirmed a “hold” rating and issued a $160.00 target price (down from $186.00) on shares of Woodward in a research report on Friday, October 4th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $174.67.

Woodward Stock Down 1.7 %

WWD stock opened at $161.32 on Friday. The business has a 50 day moving average of $165.24 and a 200 day moving average of $169.14. The firm has a market cap of $9.62 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.74 and a beta of 1.38. Woodward, Inc. has a twelve month low of $126.31 and a twelve month high of $188.35. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26.

Woodward Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s payout ratio is 16.72%.

About Woodward

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.