Oppenheimer Asset Management Inc. Sells 199 Shares of Woodward, Inc. (NASDAQ:WWD)

Oppenheimer Asset Management Inc. lessened its position in Woodward, Inc. (NASDAQ:WWD) by 9.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,983 shares of the technology company’s stock after selling 199 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Woodward were worth $340,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bayesian Capital Management LP purchased a new stake in shares of Woodward during the first quarter valued at $1,911,000. Quadrature Capital Ltd grew its stake in shares of Woodward by 16.9% in the first quarter. Quadrature Capital Ltd now owns 26,042 shares of the technology company’s stock worth $4,011,000 after acquiring an additional 3,759 shares during the period. SG Americas Securities LLC raised its holdings in shares of Woodward by 114.4% during the second quarter. SG Americas Securities LLC now owns 17,038 shares of the technology company’s stock valued at $2,971,000 after purchasing an additional 9,092 shares during the last quarter. International Assets Investment Management LLC lifted 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 purchasing an additional 76,313 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in Woodward by 16.3% in the second quarter. Panagora Asset Management Inc. now owns 93,324 shares of the technology company’s stock worth $16,274,000 after purchasing an additional 13,097 shares during the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Insider Activity

In other Woodward news, COO Thomas G. Cromwell sold 7,913 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $175.13, for a total value of $1,385,803.69. Following the completion of the transaction, the chief operating officer now directly owns 11,511 shares in the company, valued at $2,015,921.43. This represents a 40.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 27,913 shares of company stock worth $4,907,304 in the last three months. Company insiders own 1.12% of the company’s stock.

Woodward Trading Up 0.8 %

Woodward stock opened at $172.17 on Thursday. Woodward, Inc. has a 12-month low of $128.52 and a 12-month high of $188.35. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 28.79, a P/E/G ratio of 1.81 and a beta of 1.38. The firm has a 50 day moving average of $167.50 and a 200 day moving average of $170.93. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.25 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Woodward’s dividend payout ratio (DPR) is presently 16.72%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WWD. StockNews.com upgraded shares of Woodward from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. The Goldman Sachs Group reduced their price objective on Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Truist Financial raised Woodward from a “hold” rating to a “buy” rating and increased their target price for the company from $152.00 to $187.00 in a report on Wednesday, August 21st. Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and boosted their price target for the company from $170.00 to $190.00 in a research note on Wednesday, July 31st. Finally, TD Cowen reiterated a “hold” rating and issued a $160.00 price objective (down previously from $186.00) on shares of Woodward in a research note on Friday, October 4th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $174.67.

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.