Savant Capital LLC Boosts Stake in Woodward, Inc. $WWD

by · The Cerbat Gem

Savant Capital LLC boosted its position in Woodward, Inc. (NASDAQ:WWD – Free Report) by 9.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,914 shares of the technology company’s stock after purchasing an additional 7,138 shares during the period. Savant Capital LLC’s holdings in Woodward were worth $19,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Woodward by 189.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company’s stock worth $31,000 after buying an additional 112 shares during the period. TCTC Holdings LLC grew its position in Woodward by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 182 shares of the technology company’s stock valued at $33,000 after acquiring an additional 98 shares during the last quarter. Virtus Advisers LLC purchased a new stake in Woodward in the first quarter worth $38,000. MassMutual Private Wealth & Trust FSB increased its stake in Woodward by 32.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 220 shares of the technology company’s stock worth $54,000 after purchasing an additional 54 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of Woodward by 2,218.2% during the second quarter. Hantz Financial Services Inc. now owns 255 shares of the technology company’s stock worth $62,000 after purchasing an additional 244 shares during the last quarter. Institutional investors own 81.18% of the company’s stock.

Insider Buying and Selling at Woodward

In other news, Director John D. Cohn sold 1,750 shares of Woodward stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $244.32, for a total value of $427,560.00. Following the transaction, the director owned 20,963 shares of the company’s stock, valued at $5,121,680.16. The trade was a 7.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.82% of the company’s stock.

Woodward Trading Up 0.7%

Shares of NASDAQ:WWD opened at $264.10 on Friday. The company has a market capitalization of $15.84 billion, a PE ratio of 41.79, a P/E/G ratio of 2.61 and a beta of 1.26. The company has a current ratio of 2.04, a quick ratio of 1.39 and a debt-to-equity ratio of 0.20. Woodward, Inc. has a 12-month low of $146.82 and a 12-month high of $270.21. The business’s fifty day simple moving average is $250.20 and its 200-day simple moving average is $237.89.

Woodward Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 20th. Woodward’s dividend payout ratio is presently 17.72%.

Wall Street Analysts Forecast Growth

WWD has been the topic of a number of research analyst reports. Wolfe Research set a $300.00 price target on shares of Woodward and gave the stock an “outperform” rating in a report on Friday, October 3rd. UBS Group raised their target price on shares of Woodward from $283.00 to $299.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Northcoast Research upgraded Woodward to a “hold” rating in a report on Friday, July 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Woodward in a research note on Wednesday, October 8th. Finally, Zacks Research lowered Woodward from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $268.67.

Get Our Latest Report on WWD

About Woodward

(Free Report)

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.

See Also

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