Aigen Investment Management LP Takes Position in Woodward, Inc. (NASDAQ:WWD)
Aigen Investment Management LP acquired a new stake in Woodward, Inc. (NASDAQ:WWD) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,340 shares of the technology company’s stock, valued at approximately $107,000.
A number of other large investors have also recently modified their holdings of WWD. Deccan Value Investors L.P. purchased a new position in Woodward during the second quarter worth about $78,079,000. Anchor Capital Advisors LLC boosted its position in shares of Woodward by 17.8% during the 2nd quarter. Anchor Capital Advisors LLC now owns 597,017 shares of the technology company’s stock valued at $46,299,000 after acquiring an additional 90,087 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Woodward by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 587,583 shares of the technology company’s stock worth $45,567,000 after purchasing an additional 4,619 shares in the last quarter. FMR LLC increased its position in shares of Woodward by 114.4% in the first quarter. FMR LLC now owns 540,692 shares of the technology company’s stock worth $51,306,000 after purchasing an additional 288,545 shares during the last quarter. Finally, Black Creek Investment Management Inc. increased its holdings in shares of Woodward by 3,018.5% in the 2nd quarter. Black Creek Investment Management Inc. now owns 514,548 shares of the technology company’s stock worth $39,903,000 after buying an additional 498,048 shares during the last quarter. 81.02% of the stock is owned by institutional investors.
Shares of NASDAQ:WWD opened at $108.64 on Friday. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 1.84 and a beta of 1.51. Woodward, Inc. has a fifty-two week low of $46.51 and a fifty-two week high of $129.06. The firm has a fifty day moving average price of $88.86 and a 200 day moving average price of $79.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.36 and a current ratio of 2.31.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a dividend of $0.081 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.32 annualized dividend and a yield of 0.30%. Woodward’s payout ratio is 6.56%.
Several analysts have weighed in on the company. Oppenheimer reiterated a “hold” rating on shares of Woodward in a research report on Friday, August 7th. BidaskClub raised shares of Woodward from a “hold” rating to a “buy” rating in a research note on Wednesday, October 7th. Credit Suisse Group lifted their target price on shares of Woodward from $100.00 to $121.00 and gave the company an “outperform” rating in a report on Friday. Truist upped their price target on Woodward from $51.00 to $70.00 in a research note on Friday. Finally, Barclays lifted their price objective on Woodward from $80.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $92.13.
In other news, VP Christopher Fawzy sold 9,150 shares of Woodward stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $85.25, for a total transaction of $780,037.50. Also, CEO Thomas A. Gendron sold 142,800 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $87.18, for a total transaction of $12,449,304.00. Following the sale, the chief executive officer now directly owns 17,946 shares of the company’s stock, valued at $1,564,532.28. The disclosure for this sale can be found here. Insiders sold a total of 174,950 shares of company stock worth $15,172,037 over the last three months. 4.20% of the stock is currently owned by corporate insiders.
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 offers 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, servo controls, and motors and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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