Allspring Global Investments Holdings LLC Has $231,000 Stock Holdings in Woodward, Inc. (NASDAQ:WWD)

Allspring Global Investments Holdings LLC lessened its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 22.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,347 shares of the technology company’s stock after selling 390 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Woodward were worth $231,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of WWD. Fidelis Capital Partners LLC acquired a new stake in Woodward in the 1st quarter worth about $31,000. Wolff Wiese Magana LLC acquired a new stake in Woodward in the 3rd quarter worth about $31,000. AlphaCentric Advisors LLC acquired a new stake in Woodward in the 2nd quarter worth about $37,000. UMB Bank n.a. raised its stake in Woodward by 101.6% in 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 in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in Woodward in the 1st quarter worth about $46,000. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Trading Down 1.7 %

Shares of Woodward stock opened at $161.32 on Monday. The firm’s 50 day moving average is $165.24 and its 200 day moving average is $169.28. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. Woodward, Inc. has a 1 year low of $126.31 and a 1 year high of $188.35. The firm has a market capitalization 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.00 annualized dividend and a yield of 0.62%. Woodward’s dividend payout ratio is presently 16.72%.

Analysts Set New Price Targets

Several analysts have weighed in on WWD shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. TD Cowen reissued a “hold” rating and issued a $160.00 target price (down from $186.00) on shares of Woodward in a report on Friday, October 4th. The Goldman Sachs Group decreased their target price 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. StockNews.com lowered shares of Woodward from a “buy” rating to a “hold” rating in a report on Friday. Finally, Jefferies Financial Group raised shares of 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 report on Wednesday, July 31st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $174.67.

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.