Farther Finance Advisors LLC Raises Stock Holdings in Woodward, Inc. (NASDAQ:WWD)

Farther Finance Advisors LLC raised its position in shares of Woodward, Inc. (NASDAQ:WWD) by 72.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,731 shares of the technology company’s stock after buying an additional 1,567 shares during the quarter. Farther Finance Advisors LLC’s holdings in Woodward were worth $640,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC raised its stake in Woodward by 2.4% during the second quarter. Park Avenue Securities LLC now owns 3,277 shares of the technology company’s stock valued at $571,000 after buying an additional 76 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Woodward by 3.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,268 shares of the technology company’s stock worth $570,000 after purchasing an additional 95 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Woodward by 13.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 870 shares of the technology company’s stock worth $133,000 after purchasing an additional 100 shares during the period. CIBC Asset Management Inc raised its position in shares of Woodward by 7.7% during the 2nd quarter. CIBC Asset Management Inc now owns 1,699 shares of the technology company’s stock worth $296,000 after purchasing an additional 121 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Woodward by 101.6% during the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock worth $42,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Stock Performance

Shares of NASDAQ WWD opened at $166.57 on Wednesday. The stock has a fifty day moving average price of $165.28 and a two-hundred day moving average price of $169.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96. The firm has a market cap of $9.94 billion, a P/E ratio of 27.85, a PEG ratio of 1.72 and a beta of 1.38. Woodward, Inc. has a 1 year low of $126.31 and a 1 year high of $188.35.

Woodward Dividend Announcement

The company 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Thursday, November 21st. Woodward’s payout ratio is currently 16.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WWD. TD Cowen reiterated a “hold” rating and set a $160.00 price target (down from $186.00) on shares of Woodward in a research report on Friday, October 4th. Truist Financial upgraded Woodward from a “hold” rating to a “buy” rating and increased their price target for the stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. StockNews.com cut Woodward from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. Finally, Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and raised their target price for the company from $170.00 to $190.00 in a research report on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Woodward presently has a consensus rating of “Hold” and an average target price of $174.67.

Woodward Company 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.