ArrowMark Colorado Holdings LLC grew its position in shares of Woodward Inc (NASDAQ:WWD) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 442,652 shares of the technology company’s stock after acquiring an additional 12,364 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in Woodward were worth $33,881,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WWD. Carillon Tower Advisers Inc. bought a new stake in shares of Woodward during the fourth quarter valued at approximately $38,817,000. Renaissance Technologies LLC increased its holdings in shares of Woodward by 487.1% during the fourth quarter. Renaissance Technologies LLC now owns 255,884 shares of the technology company’s stock valued at $19,585,000 after acquiring an additional 212,300 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Woodward during the fourth quarter valued at approximately $14,286,000. Eagle Asset Management Inc. increased its holdings in shares of Woodward by 12.6% during the third quarter. Eagle Asset Management Inc. now owns 1,122,239 shares of the technology company’s stock valued at $88,623,000 after acquiring an additional 125,423 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Woodward by 1.6% during the fourth quarter. BlackRock Inc. now owns 5,590,344 shares of the technology company’s stock valued at $427,887,000 after acquiring an additional 89,964 shares in the last quarter. Hedge funds and other institutional investors own 72.60% of the company’s stock.
Several equities research analysts have recently commented on the company. Barrington Research restated a “market perform” rating on shares of Woodward in a report on Tuesday, February 6th. BidaskClub downgraded Woodward from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Cowen restated a “hold” rating and set a $62.00 price objective on shares of Woodward in a report on Sunday, December 10th. Wood & Company reiterated a “hold” rating on shares of Woodward in a report on Tuesday, January 23rd. Finally, Zacks Investment Research downgraded Woodward from a “hold” rating to a “sell” rating in a report on Sunday, January 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $79.25.
Woodward (NASDAQ:WWD) last announced its quarterly earnings results on Monday, January 22nd. The technology company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.11). Woodward had a return on equity of 14.04% and a net margin of 8.10%. The company had revenue of $470.14 million for the quarter, compared to the consensus estimate of $472.14 million. During the same quarter last year, the company posted $0.73 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. analysts forecast that Woodward Inc will post 3.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th were issued a dividend of $0.1425 per share. The ex-dividend date was Friday, February 16th. This represents a $0.57 annualized dividend and a yield of 0.76%. This is an increase from Woodward’s previous quarterly dividend of $0.13. Woodward’s dividend payout ratio is 19.39%.
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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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