Woodward, Inc. (NASDAQ:WWD) is Alpha Wave Global LP’s 3rd Largest Position

Alpha Wave Global LP lifted its stake in Woodward, Inc. (NASDAQ:WWD) by 26.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 311,253 shares of the technology company’s stock after acquiring an additional 64,212 shares during the quarter. Woodward accounts for about 16.5% of Alpha Wave Global LP’s investment portfolio, making the stock its 3rd largest holding. Alpha Wave Global LP owned 0.52% of Woodward worth $53,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in Woodward by 114.4% in the 2nd quarter. SG Americas Securities LLC now owns 17,038 shares of the technology company’s stock worth $2,971,000 after acquiring an additional 9,092 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Woodward by 17,072.3% in the third quarter. International Assets Investment Management LLC now owns 76,760 shares of the technology company’s stock valued at $13,165,000 after purchasing an additional 76,313 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Woodward by 16.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 93,324 shares of the technology company’s stock worth $16,274,000 after buying an additional 13,097 shares during the last quarter. Associated Banc Corp lifted its holdings in shares of Woodward by 6.1% in the 3rd quarter. Associated Banc Corp now owns 66,510 shares of the technology company’s stock valued at $11,407,000 after acquiring an additional 3,836 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Woodward in the second quarter worth about $548,000. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

Woodward Price Performance

WWD opened at $187.29 on Wednesday. The firm has a market capitalization of $11.17 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38. 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 business’s 50-day moving average is $168.14 and its two-hundred day moving average is $170.87. Woodward, Inc. has a 1 year low of $129.46 and a 1 year high of $201.64.

Woodward Dividend Announcement

The firm also recently announced 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 of this dividend is Thursday, November 21st. This represents a $1.00 annualized dividend and a yield of 0.53%. Woodward’s dividend payout ratio (DPR) is 16.64%.

Analyst Ratings Changes

WWD has been the subject of several recent analyst reports. StockNews.com lowered shares of Woodward from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd. Truist Financial reissued a “buy” rating and issued a $226.00 price objective (up from $187.00) on shares of Woodward in a research report on Tuesday. TD Cowen restated a “hold” rating and set a $160.00 target price (down previously from $186.00) on shares of Woodward in a research report on Friday, October 4th. Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and boosted their price objective for the company from $170.00 to $190.00 in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $184.67.

Insider Activity at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $174.50, for a total transaction of $1,745,000.00. Following the transaction, the chief operating officer now owns 11,511 shares in the company, valued at approximately $2,008,669.50. This represents a 46.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 27,913 shares of company stock valued at $4,907,304 in the last ninety days. Corporate insiders own 1.12% 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.