29,302 Shares in Woodward, Inc. $WWD Bought by Pensioenfonds Rail & OV

Pensioenfonds Rail & OV purchased a new stake in Woodward, Inc. (NASDAQ:WWD) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 29,302 shares of the technology company’s stock, valued at approximately $9,628,000. Woodward accounts for about 2.5% of Pensioenfonds Rail & OV’s investment portfolio, making the stock its 10th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in WWD. Danske Bank A S increased its position in Woodward by 14.3% during the third quarter. Danske Bank A S now owns 1,122 shares of the technology company’s stock worth $369,000 after purchasing an additional 140 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Woodward in the 3rd quarter valued at about $8,827,000. Allworth Financial LP boosted its holdings in Woodward by 20.3% in the 3rd quarter. Allworth Financial LP now owns 918 shares of the technology company’s stock valued at $302,000 after purchasing an additional 155 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Woodward by 4.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 52,580 shares of the technology company’s stock valued at $17,279,000 after purchasing an additional 2,379 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. grew its stake in shares of Woodward by 44.3% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 1,120 shares of the technology company’s stock valued at $369,000 after buying an additional 344 shares during the period. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Analysts Set New Price Targets

WWD has been the topic of several analyst reports. Guggenheim assumed coverage on shares of Woodward in a research report on Monday, September 14th. They set a “buy” rating and a $404.00 price target on the stock. Wall Street Zen lowered Woodward from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Wells Fargo & Company cut their target price on Woodward from $440.00 to $430.00 and set an “overweight” rating for the company in a research note on Wednesday, September 30th. Melius Research cut Woodward from a “buy” rating to a “hold” rating and set a $388.00 target price for the company. in a research note on Monday, September 14th. Finally, Royal Bank Of Canada reduced their target price on Woodward from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $413.82.

Woodward Trading Down 0.6%

Shares of WWD stock traded down $2.04 during trading hours on Friday, hitting $329.86. The company had a trading volume of 387,740 shares, compared to its average volume of 705,553. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.14. The stock has a market capitalization of $19.48 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. The company’s fifty day moving average is $325.55 and its 200 day moving average is $363.93. Woodward, Inc. has a fifty-two week low of $253.52 and a fifty-two week high of $450.92.

Woodward Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. Woodward’s payout ratio is presently 14.24%.

Woodward Profile

Woodward, Inc. designs and manufactures control systems and components for the aerospace and industrial markets. Its products help manage the operation of aircraft engines, turbines, and other equipment used in power generation and industrial applications. In aerospace, Woodward supplies systems and components for commercial and military aircraft, helicopters, business aviation, and space applications. These include engine controls, fuel systems, actuation equipment, and components that regulate airflow and combustion.