Mutual of America Capital Management LLC lowered its position in shares of Woodward Inc (NASDAQ:WWD) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 44,711 shares of the technology company’s stock after selling 1,125 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Woodward were worth $3,422,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of WWD. Savant Capital LLC increased its holdings in shares of Woodward by 7.9% in the fourth quarter. Savant Capital LLC now owns 52,784 shares of the technology company’s stock worth $4,040,000 after buying an additional 3,850 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Woodward in the fourth quarter worth about $14,286,000. Hermes Investment Management Ltd. increased its holdings in shares of Woodward by 8.0% in the fourth quarter. Hermes Investment Management Ltd. now owns 445,191 shares of the technology company’s stock worth $34,075,000 after buying an additional 33,148 shares during the period. SG Americas Securities LLC increased its holdings in shares of Woodward by 617.4% in the fourth quarter. SG Americas Securities LLC now owns 12,921 shares of the technology company’s stock worth $989,000 after buying an additional 11,120 shares during the period. Finally, Pratt Collard Advisory Partners LLC purchased a new position in shares of Woodward in the fourth quarter worth about $1,024,000. 72.61% of the stock is owned by hedge funds and other institutional investors.
Woodward Inc (NASDAQ WWD) opened at $82.93 on Friday. Woodward Inc has a twelve month low of $65.22 and a twelve month high of $89.30. The stock has a market capitalization of $5,140.00, a PE ratio of 30.96, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a current ratio of 2.77, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, February 16th. This is an increase from Woodward’s previous quarterly dividend of $0.13. Woodward’s payout ratio is currently 18.45%.
WWD has been the topic of several analyst reports. Wood & Company downgraded Woodward from an “outperform” rating to a “market perform” rating in a report on Thursday, October 26th. Oppenheimer reiterated a “market perform” rating and issued a $82.00 price objective on shares of Woodward in a report on Thursday, October 26th. Zacks Investment Research downgraded Woodward from a “hold” rating to a “sell” rating in a report on Friday, October 27th. BidaskClub downgraded Woodward from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, SunTrust Banks lifted their price objective on Woodward to $77.00 and gave the stock a “hold” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $79.25.
In related news, Director Mary L. Petrovich sold 5,700 shares of the business’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 transaction, the director now owns 27,904 shares in the company, valued at approximately $2,223,669.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.17% of the stock is owned by insiders.
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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