Zions Bancorporation N.A. Raises Holdings in Woodward, Inc. (NASDAQ:WWD)

Zions Bancorporation N.A. grew its stake in Woodward, Inc. (NASDAQ:WWD) by 17.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 18,127 shares of the technology company’s stock after buying an additional 2,754 shares during the quarter. Zions Bancorporation N.A.’s holdings in Woodward were worth $3,109,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC lifted its holdings in shares of Woodward by 743.5% in the 1st quarter. Acadian Asset Management LLC now owns 223,639 shares of the technology company’s stock valued at $34,452,000 after purchasing an additional 197,125 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Woodward in the 1st quarter worth approximately $1,301,000. Quadrature Capital Ltd increased its position 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 valued at $4,011,000 after buying an additional 3,759 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in Woodward in the 1st quarter valued at approximately $1,911,000. Finally, SG Americas Securities LLC raised its position in shares of Woodward by 114.4% in the second 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 during the last quarter. 81.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WWD has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group dropped their price objective on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Jefferies Financial Group raised shares of Woodward from a “hold” rating to a “buy” rating and increased their price target for the stock from $170.00 to $190.00 in a research note on Wednesday, July 31st. TD Cowen reissued a “hold” rating and set a $160.00 price objective (down from $186.00) on shares of Woodward in a research note on Friday, October 4th. Finally, Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $152.00 to $187.00 in a research note on Wednesday, August 21st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $174.67.

Insiders Place Their Bets

In other news, COO Thomas G. Cromwell sold 10,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $177.65, for a total transaction of $1,776,500.00. Following the completion of the sale, the chief operating officer now directly owns 11,511 shares of the company’s stock, valued at $2,044,929.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.12% of the stock is currently owned by insiders.

Woodward Stock Performance

Shares of WWD stock opened at $175.71 on Thursday. The business has a 50 day simple moving average of $166.66 and a 200 day simple moving average of $170.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.29. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 1.86 and a beta of 1.38. Woodward, Inc. has a 12-month low of $126.31 and a 12-month high of $188.35.

Woodward Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. Woodward’s dividend payout ratio is presently 16.72%.

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.