Thrivent Financial for Lutherans Decreases Stock Position in Woodward, Inc. (NASDAQ:WWD)

Thrivent Financial for Lutherans decreased its position in shares of Woodward, Inc. (NASDAQ:WWD) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,635 shares of the technology company’s stock after selling 824 shares during the period. Thrivent Financial for Lutherans’ holdings in Woodward were worth $4,054,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CIBC Asset Management Inc boosted its position in shares of Woodward by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,758 shares of the technology company’s stock valued at $302,000 after acquiring an additional 59 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Woodward by 2.4% in the 2nd quarter. Park Avenue Securities LLC now owns 3,277 shares of the technology company’s stock worth $571,000 after buying an additional 76 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Woodward by 3.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,268 shares of the technology company’s stock valued at $570,000 after acquiring an additional 95 shares during the last quarter. UMB Bank n.a. grew its position in Woodward by 101.6% in the third 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, Exchange Traded Concepts LLC lifted its stake in shares of Woodward by 3.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,575 shares of the technology company’s stock valued at $785,000 after purchasing an additional 152 shares during the last quarter. 81.18% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO Thomas G. Cromwell sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 27,913 shares of company stock valued at $4,907,304 in the last ninety days. Company insiders own 1.12% of the company’s stock.

Woodward Price Performance

WWD opened at $176.05 on Monday. The stock’s 50-day moving average price is $167.82 and its 200 day moving average price is $170.87. Woodward, Inc. has a 12-month low of $129.46 and a 12-month high of $188.35. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.87 and a beta of 1.38. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s dividend payout ratio (DPR) is currently 16.72%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and increased their price target for the company from $170.00 to $190.00 in a report on Wednesday, July 31st. 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 report on Wednesday, August 21st. StockNews.com downgraded Woodward from a “buy” rating to a “hold” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft raised their price target 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. Finally, TD Cowen restated a “hold” rating and issued a $160.00 target price (down from $186.00) on shares of Woodward in a research note on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.