First Allied Advisory Services Inc. lessened its position in Woodward, Inc. (NASDAQ:WWD) by 38.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,336 shares of the technology company’s stock after selling 2,043 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Woodward were worth $258,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of WWD. Advisor Group Inc. raised its holdings in shares of Woodward by 9.8% in the 2nd quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after buying an additional 147 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Woodward by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after buying an additional 190 shares during the period. Wesbanco Bank Inc. purchased a new stake in shares of Woodward in the 3rd quarter valued at $203,000. Public Employees Retirement System of Ohio raised its holdings in shares of Woodward by 5.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock valued at $211,000 after buying an additional 171 shares during the period. Finally, CAPROCK Group Inc. purchased a new stake in Woodward during the 3rd quarter worth about $222,000. Hedge funds and other institutional investors own 72.19% of the company’s stock.
Several equities research analysts have weighed in on the company. Cowen restated a “hold” rating and set a $62.00 price target on shares of Woodward in a report on Sunday, December 10th. BidaskClub upgraded Woodward from a “buy” rating to a “strong-buy” rating in a report on Friday, September 29th. Oppenheimer restated a “market perform” rating and set a $82.00 price target on shares of Woodward in a report on Thursday, October 26th. Zacks Investment Research upgraded Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, SunTrust Banks upped their price target on Woodward to $77.00 and gave the stock a “hold” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $77.71.
Woodward (NASDAQ:WWD) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.05. The business had revenue of $606.79 million during the quarter, compared to analysts’ expectations of $596.99 million. Woodward had a return on equity of 15.55% and a net margin of 9.55%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS. equities research analysts predict that Woodward, Inc. will post 3.4 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.50 annualized dividend and a dividend yield of 0.66%. Woodward’s dividend payout ratio is currently 15.82%.
In other news, Director Mary L. Petrovich sold 5,700 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $79.69, for a total transaction of $454,233.00. Following the completion of the transaction, the director now directly owns 27,904 shares of the company’s stock, valued at approximately $2,223,669.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.93% of the company’s stock.
Woodward Company Profile
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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