CIBC Asset Management Inc Has $302,000 Stock Position in Woodward, Inc. (NASDAQ:WWD)

CIBC Asset Management Inc increased its stake in Woodward, Inc. (NASDAQ:WWD) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,758 shares of the technology company’s stock after buying an additional 59 shares during the quarter. CIBC Asset Management Inc’s holdings in Woodward were worth $302,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC raised its stake in Woodward by 2.4% in the second quarter. Park Avenue Securities LLC now owns 3,277 shares of the technology company’s stock valued at $571,000 after buying an additional 76 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in Woodward by 3.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,268 shares of the technology company’s stock valued at $570,000 after purchasing an additional 95 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Woodward by 13.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 870 shares of the technology company’s stock valued at $133,000 after purchasing an additional 100 shares during the last quarter. UMB Bank n.a. boosted its position in Woodward by 101.6% during the third quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock worth $42,000 after purchasing an additional 124 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Woodward by 3.4% in the third quarter. Exchange Traded Concepts LLC now owns 4,575 shares of the technology company’s stock valued at $785,000 after purchasing an additional 152 shares during the last quarter. 81.18% of the stock is owned by institutional investors.

Insider Buying and Selling at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $177.65, for a total value of $1,776,500.00. Following the sale, the chief operating officer now owns 11,511 shares in the company, valued at $2,044,929.15. This trade represents a 46.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 27,913 shares of company stock worth $4,907,304 over the last 90 days. Insiders own 1.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and increased their price target for the company from $152.00 to $187.00 in a report on Wednesday, August 21st. TD Cowen reissued a “hold” rating and set a $160.00 price target (down from $186.00) on shares of Woodward in a report on Friday, October 4th. Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and upped their price objective for the company from $170.00 to $190.00 in a report on Wednesday, July 31st. StockNews.com downgraded Woodward from a “buy” rating to a “hold” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Woodward presently has an average rating of “Hold” and an average price target of $174.67.

Woodward Trading Up 0.4 %

Shares of WWD stock opened at $172.54 on Friday. Woodward, Inc. has a fifty-two week low of $129.46 and a fifty-two week high of $188.35. The stock’s fifty day moving average price is $167.60 and its two-hundred day moving average price is $170.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96. The company has a market cap of $10.29 billion, a PE ratio of 28.85, a P/E/G ratio of 1.82 and a beta of 1.38.

Woodward Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.58%. The ex-dividend date is Thursday, November 21st. Woodward’s dividend payout ratio (DPR) is presently 16.72%.

Woodward 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 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.