Woodward, Inc. $WWD Stock Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its position in shares of Woodward, Inc. (NASDAQ:WWD) by 11.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,022 shares of the technology company’s stock after buying an additional 1,828 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Woodward were worth $5,943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WWD. Allspring Global Investments Holdings LLC boosted its position in Woodward by 88.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 46,314 shares of the technology company’s stock worth $15,570,000 after acquiring an additional 21,780 shares during the last quarter. Beverly Hills Private Wealth LLC grew its stake in shares of Woodward by 17.7% during the 3rd quarter. Beverly Hills Private Wealth LLC now owns 1,199 shares of the technology company’s stock worth $394,000 after acquiring an additional 180 shares in the last quarter. StoneX Group Inc. acquired a new stake in shares of Woodward in the third quarter valued at approximately $360,000. Pictet Asset Management Holding SA raised its holdings in shares of Woodward by 0.5% in the third quarter. Pictet Asset Management Holding SA now owns 10,063 shares of the technology company’s stock valued at $3,307,000 after purchasing an additional 50 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Woodward by 304.2% in the third quarter. Parallel Advisors LLC now owns 388 shares of the technology company’s stock valued at $128,000 after purchasing an additional 292 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WWD shares. TD Cowen cut their price objective on shares of Woodward from $420.00 to $380.00 and set a “hold” rating on the stock in a research report on Friday, October 9th. Jefferies Financial Group decreased their target price on shares of Woodward from $450.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Royal Bank Of Canada lowered their price target on shares of Woodward from $430.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 28th. Truist Financial boosted their price target on shares of Woodward from $415.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Zacks Research cut shares of Woodward from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Woodward presently has an average rating of “Moderate Buy” and an average price target of $413.82.

Woodward Stock Performance

NASDAQ WWD opened at $317.31 on Monday. Woodward, Inc. has a 12 month low of $253.52 and a 12 month high of $450.92. The company has a current ratio of 1.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $326.13 and a 200-day moving average of $363.87. The company has a market cap of $18.74 billion, a PE ratio of 35.30, a PEG ratio of 1.66 and a beta of 0.91.

Woodward Dividend Announcement

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

About Woodward

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.

Its industrial products support power generation and customers in sectors such as oil and gas, transportation, and process industries.