Los Angeles Capital Management & Equity Research Inc. lifted its position in Woodward, Inc. (NASDAQ:WWD) by 56.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 52,909 shares of the technology company’s stock after purchasing an additional 19,000 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.09% of Woodward worth $4,106,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Woodward by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 233,814 shares of the technology company’s stock worth $18,147,000 after purchasing an additional 983 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in shares of Woodward in the 3rd quarter worth about $203,000. Prudential Financial Inc. lifted its position in Woodward by 4.8% during the 3rd quarter. Prudential Financial Inc. now owns 39,141 shares of the technology company’s stock worth $3,038,000 after buying an additional 1,780 shares in the last quarter. American Century Companies Inc. lifted its position in Woodward by 3.3% during the 3rd quarter. American Century Companies Inc. now owns 190,285 shares of the technology company’s stock worth $14,768,000 after buying an additional 6,111 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its position in Woodward by 52.3% during the 3rd quarter. State of Tennessee Treasury Department now owns 122,252 shares of the technology company’s stock worth $9,488,000 after buying an additional 42,000 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.
Woodward, Inc. (NASDAQ:WWD) opened at $77.25 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.42. Woodward, Inc. has a 52-week low of $65.22 and a 52-week high of $82.94. The stock has a market cap of $4,697.60, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.88 and a beta of 1.24.
Woodward (NASDAQ:WWD) last released its earnings results on Wednesday, November 8th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Woodward had a net margin of 9.55% and a return on equity of 15.55%. The company had revenue of $606.79 million for the quarter, compared to the consensus estimate of $596.99 million. During the same period in the prior year, the company posted $0.99 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. equities research analysts anticipate that Woodward, Inc. will post 3.4 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.50 dividend on an annualized basis and a yield of 0.65%. Woodward’s payout ratio is presently 15.82%.
WWD has been the topic of several research reports. Zacks Investment Research downgraded shares of Woodward from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. BidaskClub upgraded shares of Woodward from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 29th. Wood & Company downgraded shares of Woodward from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 26th. ValuEngine downgraded shares of Woodward from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating and set a $82.00 price target on shares of Woodward in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $77.71.
In other news, Director John A. Halbrook sold 1,800 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $70.60, for a total value of $127,080.00. Following the completion of the sale, the director now directly owns 345,721 shares of the company’s stock, valued at approximately $24,407,902.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary L. Petrovich sold 5,700 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $79.69, for a total value of $454,233.00. Following the completion of the sale, the director now directly owns 27,904 shares of the company’s stock, valued at $2,223,669.76. The disclosure for this sale can be found here. Corporate insiders own 5.93% of the company’s stock.
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Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
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