Woodward, Inc. (NASDAQ:WWD) Shares Acquired by First Western Trust Bank

First Western Trust Bank raised its stake in Woodward, Inc. (NASDAQ:WWD) by 359.6% in the third quarter, HoldingsChannel.com reports. The fund owned 70,023 shares of the technology company’s stock after buying an additional 54,787 shares during the quarter. Woodward accounts for 0.5% of First Western Trust Bank’s portfolio, making the stock its 15th biggest position. First Western Trust Bank’s holdings in Woodward were worth $12,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC bought a new position in shares of Woodward in the third quarter valued at $31,000. AlphaCentric Advisors LLC bought a new position in Woodward during the second quarter valued at approximately $37,000. Capital Performance Advisors LLP acquired a new stake in shares of Woodward in the 3rd quarter valued at $41,000. UMB Bank n.a. boosted its stake 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 acquiring an additional 124 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new position in Woodward during the second quarter valued at approximately $69,000. 81.18% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $174.50, for a total value 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 approximately $2,008,669.50. The trade was a 46.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 27,913 shares of company stock valued at $4,907,304. 1.12% of the stock is currently owned by company insiders.

Woodward Stock Performance

Woodward stock opened at $169.54 on Monday. The stock has a market cap of $10.11 billion, a PE ratio of 28.35, a P/E/G ratio of 1.80 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, Inc. has a 12-month low of $126.31 and a 12-month high of $188.35. The business’s 50-day moving average price is $167.09 and its two-hundred day moving average price is $170.89.

Woodward Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. Woodward’s dividend payout ratio (DPR) is presently 16.72%.

Analyst Ratings Changes

A number of research analysts have recently commented on WWD shares. Truist Financial upgraded Woodward from a “hold” rating to a “buy” rating and upped their price target for the stock from $152.00 to $187.00 in a report on Wednesday, August 21st. StockNews.com upgraded Woodward from a “hold” rating to a “buy” rating in a research report on Thursday. TD Cowen reaffirmed a “hold” rating and set a $160.00 price objective (down from $186.00) on shares of Woodward in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group cut their target price on shares of Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.