Quest Partners LLC Sells 3,265 Shares of Woodward, Inc. (NASDAQ:WWD)

Quest Partners LLC trimmed its stake in Woodward, Inc. (NASDAQ:WWD) by 77.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 971 shares of the technology company’s stock after selling 3,265 shares during the period. Quest Partners LLC’s holdings in Woodward were worth $167,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of Woodward by 114.4% in the second quarter. SG Americas Securities LLC now owns 17,038 shares of the technology company’s stock worth $2,971,000 after purchasing an additional 9,092 shares during the last quarter. International Assets Investment Management LLC grew its position in Woodward by 17,072.3% during the third quarter. International Assets Investment Management LLC now owns 76,760 shares of the technology company’s stock valued at $13,165,000 after acquiring an additional 76,313 shares during the last quarter. Panagora Asset Management Inc. grew its position in Woodward by 16.3% during the second quarter. Panagora Asset Management Inc. now owns 93,324 shares of the technology company’s stock valued at $16,274,000 after acquiring an additional 13,097 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Woodward during the second quarter valued at approximately $548,000. Finally, Sei Investments Co. grew its position in Woodward by 13.3% during the second quarter. Sei Investments Co. now owns 634,698 shares of the technology company’s stock valued at $110,679,000 after acquiring an additional 74,734 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors.

Woodward Stock Performance

Shares of WWD stock opened at $179.05 on Thursday. The stock has a fifty day moving average of $168.59 and a 200 day moving average of $170.94. Woodward, Inc. has a 52 week low of $129.46 and a 52 week high of $201.64. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 1.91 and a beta of 1.38. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Thursday, November 21st. Woodward’s payout ratio is 16.64%.

Analysts Set New Price Targets

WWD has been the topic of a number of recent research reports. StockNews.com cut shares of Woodward from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. Truist Financial reiterated a “buy” rating and set a $226.00 price target (up from $187.00) on shares of Woodward in a research report on Tuesday. UBS Group increased their price target on shares of Woodward from $209.00 to $228.00 and gave the company a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price objective on Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and increased their price objective for the company from $170.00 to $190.00 in a research note on Wednesday, July 31st. Six equities 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.com, Woodward presently has a consensus rating of “Hold” and an average target price of $184.67.

Insider Buying and Selling

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of the firm’s stock in a transaction on 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 completion of 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 filing with the SEC, which can be accessed through this link. Insiders sold 27,913 shares of company stock valued at $4,907,304 over the last quarter. 1.12% of the stock is owned by company insiders.

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.