Isthmus Partners LLC Purchases Shares of 1,620 Woodward, Inc. (NASDAQ:WWD)

Isthmus Partners LLC purchased a new stake in shares of Woodward, Inc. (NASDAQ:WWD) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 1,620 shares of the technology company’s stock, valued at approximately $278,000.

Several other institutional investors have also added to or reduced their stakes in WWD. Wolff Wiese Magana LLC purchased a new position in Woodward during the 3rd quarter valued at approximately $31,000. AlphaCentric Advisors LLC purchased a new position in shares of Woodward in the 2nd quarter worth approximately $37,000. Capital Performance Advisors LLP purchased a new position in shares of Woodward in the 3rd quarter worth approximately $41,000. UMB Bank n.a. boosted its holdings in shares of 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 during the period. Finally, Versant Capital Management Inc purchased a new position in shares of Woodward in the 2nd quarter worth approximately $69,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on WWD. StockNews.com cut Woodward from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. TD Cowen reiterated a “hold” rating and issued a $160.00 target price (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft lifted their target price on Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Truist Financial reiterated a “buy” rating and issued a $226.00 target price (up previously from $187.00) on shares of Woodward in a report on Tuesday. Finally, UBS Group raised their price target on Woodward from $209.00 to $228.00 and gave the stock a “buy” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Woodward has an average rating of “Hold” and a consensus price target of $184.67.

Woodward Trading Up 0.7 %

Shares of NASDAQ WWD opened at $180.32 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.89 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $169.11 and a two-hundred day simple moving average of $171.05. The firm has a market cap of $10.66 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. Woodward, Inc. has a twelve month low of $129.96 and a twelve month high of $201.64.

Woodward Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Thursday, November 21st. Woodward’s dividend payout ratio (DPR) is presently 16.64%.

Insider Buying and Selling at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $174.50, for a total transaction of $1,745,000.00. Following the completion of the sale, the chief operating officer now directly owns 11,511 shares of the company’s stock, valued at $2,008,669.50. The trade was a 46.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 27,913 shares of company stock valued at $4,907,304 in the last ninety days. Corporate insiders own 1.12% of the company’s stock.

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.