Woodward, Inc. (NASDAQ:WWD) Shares Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Woodward, Inc. (NASDAQ:WWD) by 10.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,980 shares of the technology company’s stock after buying an additional 7,798 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Woodward were worth $14,404,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Bayesian Capital Management LP purchased a new stake in shares of Woodward in the first quarter valued at about $1,911,000. SG Americas Securities LLC lifted its stake in Woodward by 114.4% in the 2nd quarter. SG Americas Securities LLC now owns 17,038 shares of the technology company’s stock valued at $2,971,000 after buying an additional 9,092 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Woodward by 17,072.3% during the 3rd quarter. International Assets Investment Management LLC now owns 76,760 shares of the technology company’s stock valued at $13,165,000 after buying an additional 76,313 shares during the last quarter. Panagora Asset Management Inc. increased its position in Woodward by 16.3% during the second quarter. Panagora Asset Management Inc. now owns 93,324 shares of the technology company’s stock worth $16,274,000 after buying an additional 13,097 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Woodward during the second quarter worth $548,000. 81.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Woodward

In related news, COO Thomas G. Cromwell sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were 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 owns 11,511 shares of the company’s stock, valued at approximately $2,008,669.50. This represents a 46.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 27,913 shares of company stock worth $4,907,304. 1.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and increased their price objective for the company from $170.00 to $190.00 in a research note on Wednesday, July 31st. The Goldman Sachs Group decreased their price target on shares of Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. StockNews.com lowered shares of Woodward from a “buy” rating to a “hold” rating in a research report on Friday. Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and raised their target price for the stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. Finally, TD Cowen reiterated a “hold” rating and issued a $160.00 price target (down from $186.00) on shares of Woodward in a report on Friday, October 4th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $174.67.

Woodward Stock Performance

Shares of WWD stock opened at $176.05 on Friday. The firm has a market capitalization of $10.50 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 1.83 and a beta of 1.38. The company has a 50 day moving average price of $167.82 and a 200 day moving average price of $170.96. Woodward, Inc. has a one year low of $129.46 and a one year high of $188.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96.

Woodward Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a $0.25 dividend. This represents a $1.00 annualized dividend 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%.

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.