Woodward, Inc. (NASDAQ:WWD) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Woodward, Inc. (NASDAQ:WWDGet Rating) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,648 shares of the technology company’s stock after acquiring an additional 24,305 shares during the quarter. Principal Financial Group Inc. owned approximately 0.38% of Woodward worth $22,072,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WWD. Park Avenue Securities LLC grew its position in Woodward by 28.3% in the 1st quarter. Park Avenue Securities LLC now owns 4,318 shares of the technology company’s stock valued at $539,000 after acquiring an additional 952 shares in the last quarter. Securian Asset Management Inc. grew its position in shares of Woodward by 1.8% during the first quarter. Securian Asset Management Inc. now owns 5,704 shares of the technology company’s stock worth $712,000 after buying an additional 100 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new position in shares of Woodward during the first quarter worth about $1,430,000. Envestnet Asset Management Inc. grew its position in shares of Woodward by 17.3% during the first quarter. Envestnet Asset Management Inc. now owns 72,702 shares of the technology company’s stock worth $9,081,000 after buying an additional 10,742 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Woodward by 1,142.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,131 shares of the technology company’s stock worth $141,000 after buying an additional 1,040 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Woodward

In related news, CEO Charles P. Blankenship purchased 500 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was acquired at an average price of $95.85 per share, for a total transaction of $47,925.00. Following the completion of the purchase, the chief executive officer now directly owns 38,100 shares of the company’s stock, valued at $3,651,885. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Woodward news, Director David P. Hess acquired 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The shares were purchased at an average price of $93.93 per share, with a total value of $1,033,230.00. Following the completion of the acquisition, the director now directly owns 15,400 shares of the company’s stock, valued at approximately $1,446,522. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles P. Blankenship acquired 500 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were acquired at an average cost of $95.85 per share, for a total transaction of $47,925.00. Following the acquisition, the chief executive officer now directly owns 38,100 shares of the company’s stock, valued at $3,651,885. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 12,500 shares of company stock worth $1,176,640. 3.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WWD shares. Wolfe Research started coverage on Woodward in a research report on Monday, October 10th. They set an “outperform” rating and a $100.00 price objective for the company. Jefferies Financial Group reissued a “hold” rating and set a $90.00 price objective on shares of Woodward in a research report on Wednesday, September 14th. Truist Financial boosted their price objective on Woodward from $80.00 to $88.00 in a research report on Friday. Wells Fargo & Company boosted their target price on Woodward from $100.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, StockNews.com started coverage on Woodward in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Woodward currently has an average rating of “Hold” and a consensus target price of $108.43.

Woodward Price Performance

Shares of NASDAQ WWD opened at $97.56 on Monday. The company has a current ratio of 2.43, a quick ratio of 1.48 and a debt-to-equity ratio of 0.37. Woodward, Inc. has a twelve month low of $79.26 and a twelve month high of $129.12. The stock has a 50 day moving average of $89.49 and a two-hundred day moving average of $94.16. The stock has a market cap of $5.87 billion, a P/E ratio of 35.74, a P/E/G ratio of 2.16 and a beta of 1.50.

Woodward Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Thursday, November 10th. Woodward’s dividend payout ratio is currently 27.84%.

Woodward Company Profile

(Get Rating)

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through 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.

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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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