Teacher Retirement System of Texas Sells 24,231 Shares of Woodward, Inc. $WWD

Teacher Retirement System of Texas decreased its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 60.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,091 shares of the technology company’s stock after selling 24,231 shares during the period. Teacher Retirement System of Texas’ holdings in Woodward were worth $3,944,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WWD. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Woodward by 189.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company’s stock valued at $31,000 after buying an additional 112 shares during the period. TCTC Holdings LLC lifted its stake in Woodward by 116.7% during the first quarter. TCTC Holdings LLC now owns 182 shares of the technology company’s stock worth $33,000 after purchasing an additional 98 shares during the last quarter. Virtus Advisers LLC bought a new stake in Woodward during the first quarter worth about $38,000. MassMutual Private Wealth & Trust FSB lifted its stake in Woodward by 32.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 220 shares of the technology company’s stock worth $54,000 after purchasing an additional 54 shares during the last quarter. Finally, Berbice Capital Management LLC lifted its stake in Woodward by 50.0% during the first quarter. Berbice Capital Management LLC now owns 300 shares of the technology company’s stock worth $55,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 81.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WWD. Wall Street Zen lowered Woodward from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. UBS Group lifted their price target on Woodward from $283.00 to $299.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Truist Financial lifted their price target on Woodward from $267.00 to $294.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woodward in a research note on Wednesday, October 8th. Finally, Alembic Global Advisors raised Woodward from a “neutral” rating to an “overweight” rating and set a $281.00 price target for the company in a research note on Wednesday, August 20th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Woodward currently has an average rating of “Moderate Buy” and an average price target of $268.67.

Woodward Stock Down 1.3%

WWD opened at $262.11 on Friday. The company has a market cap of $15.72 billion, a P/E ratio of 41.47, a P/E/G ratio of 2.61 and a beta of 1.26. The business’s 50-day moving average price is $249.20 and its 200-day moving average price is $235.33. The company has a current ratio of 2.04, a quick ratio of 1.39 and a debt-to-equity ratio of 0.20. Woodward, Inc. has a 12 month low of $146.82 and a 12 month high of $270.21.

Woodward Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be issued a $0.28 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.12 annualized dividend and a dividend yield of 0.4%. Woodward’s payout ratio is currently 17.72%.

Insider Activity at Woodward

In other news, Director John D. Cohn sold 1,750 shares of Woodward stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $244.32, for a total value of $427,560.00. Following the transaction, the director owned 20,963 shares in the company, valued at approximately $5,121,680.16. The trade was a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

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.