Gamco Investors INC. ET AL decreased its position in Woodward, Inc. (NASDAQ:WWD) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,212 shares of the technology company’s stock after selling 3,200 shares during the quarter. Gamco Investors INC. ET AL owned about 0.17% of Woodward worth $8,321,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in WWD. OppenheimerFunds Inc. lifted its holdings in shares of Woodward by 39.3% in the first quarter. OppenheimerFunds Inc. now owns 8,443 shares of the technology company’s stock valued at $574,000 after buying an additional 2,383 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Woodward by 8.5% in the first quarter. Teachers Advisors LLC now owns 101,932 shares of the technology company’s stock valued at $6,923,000 after buying an additional 7,966 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Woodward by 66.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,178 shares of the technology company’s stock worth $217,000 after purchasing an additional 1,266 shares during the period. Thrivent Financial For Lutherans raised its position in shares of Woodward by 9.3% during the first quarter. Thrivent Financial For Lutherans now owns 10,390 shares of the technology company’s stock worth $706,000 after purchasing an additional 880 shares during the period. Finally, Credit Suisse AG raised its position in shares of Woodward by 14.8% during the first quarter. Credit Suisse AG now owns 77,196 shares of the technology company’s stock worth $5,243,000 after purchasing an additional 9,981 shares during the period. Institutional investors and hedge funds own 71.31% of the company’s stock.
Woodward, Inc. (WWD) opened at $79.22 on Friday. The firm has a market capitalization of $4,857.53, a price-to-earnings ratio of 25.07, a P/E/G ratio of 1.96 and a beta of 1.24. Woodward, Inc. has a 52-week low of $62.90 and a 52-week high of $82.94. The company has a current ratio of 2.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42.
Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. The firm had revenue of $606.79 million for the quarter, compared to analyst estimates of $596.99 million. Woodward had a return on equity of 15.55% and a net margin of 9.55%. Woodward’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. equities analysts predict that Woodward, Inc. will post 3.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.63%. The ex-dividend date is Friday, November 10th. Woodward’s payout ratio is 15.82%.
In related news, Director John A. Halbrook sold 1,800 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $70.60, for a total transaction of $127,080.00. Following the transaction, the director now directly owns 345,721 shares of the company’s stock, valued at $24,407,902.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John A. Halbrook sold 8,700 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $70.02, for a total value of $609,174.00. Following the transaction, the director now directly owns 350,521 shares in the company, valued at $24,543,480.42. The disclosure for this sale can be found here. 5.93% of the stock is currently owned by insiders.
A number of brokerages have recently issued reports on WWD. Zacks Investment Research lowered Woodward from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Wood & Company lowered Woodward from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 26th. BidaskClub raised Woodward from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. SunTrust Banks, Inc. boosted their target price on Woodward to $77.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating and set a $82.00 target price on shares of Woodward in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $75.75.
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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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