First Trust Advisors LP lessened its holdings in Woodward, Inc.Common Stock (NASDAQ:WWD) by 34.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,955 shares of the technology company’s stock after selling 10,170 shares during the period. First Trust Advisors LP’s holdings in Woodward, Inc.Common Stock were worth $1,408,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Private Capital Group LLC boosted its position in shares of Woodward, Inc.Common Stock by 437.6% in the fourth quarter. Private Capital Group LLC now owns 500 shares of the technology company’s stock worth $37,000 after buying an additional 407 shares during the period. SeaBridge Investment Advisors LLC acquired a new stake in Woodward, Inc.Common Stock during the fourth quarter valued at $59,000. Quantamental Technologies LLC acquired a new stake in Woodward, Inc.Common Stock during the fourth quarter valued at $80,000. Wealthquest Corp acquired a new stake in Woodward, Inc.Common Stock during the fourth quarter valued at $222,000. Finally, CAPROCK Group Inc. boosted its position in Woodward, Inc.Common Stock by 6.3% during the fourth quarter. CAPROCK Group Inc. now owns 3,177 shares of the technology company’s stock valued at $236,000 after purchasing an additional 188 shares during the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.
NASDAQ WWD traded down $1.13 during trading on Monday, hitting $95.62. 285,483 shares of the company traded hands, compared to its average volume of 390,757. Woodward, Inc.Common Stock has a 12 month low of $68.40 and a 12 month high of $97.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.96 and a quick ratio of 1.05. The firm has a market cap of $6.01 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 1.60 and a beta of 1.46.
A number of analysts recently issued reports on WWD shares. Zacks Investment Research cut Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. BidaskClub cut Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. ValuEngine raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. SunTrust Banks lifted their price objective on Woodward, Inc.Common Stock to $97.00 and gave the company a “buy” rating in a research report on Tuesday, January 29th. Finally, Wood & Company reissued a “sell” rating on shares of Woodward, Inc.Common Stock in a research report on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Woodward, Inc.Common Stock presently has an average rating of “Hold” and an average target price of $99.40.
In other news, CEO Thomas A. Gendron sold 8,500 shares of Woodward, Inc.Common Stock stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $96.63, for a total value of $821,355.00. Following the transaction, the chief executive officer now directly owns 234,890 shares in the company, valued at $22,697,420.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas A. Gendron sold 1,000 shares of Woodward, Inc.Common Stock stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of the transaction, the chief executive officer now owns 227,390 shares in the company, valued at $19,328,150. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 278,310 shares of company stock worth $25,887,325. Corporate insiders own 4.61% of the company’s stock.
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Woodward, Inc.Common Stock Company Profile
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's 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, 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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