Geneva Partners LLC acquired a new stake in Woodward, Inc. (NASDAQ:WWD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,830 shares of the technology company’s stock, valued at approximately $841,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in WWD. Advisor Group Inc. lifted its holdings in Woodward by 9.8% in the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after acquiring an additional 147 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Woodward by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after acquiring an additional 190 shares during the last quarter. Wesbanco Bank Inc. acquired a new position in Woodward in the third quarter valued at approximately $203,000. Public Employees Retirement System of Ohio lifted its holdings in Woodward by 5.8% in the second quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock valued at $211,000 after acquiring an additional 171 shares during the last quarter. Finally, CAPROCK Group Inc. acquired a new position in Woodward during the third quarter worth $222,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.
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Woodward, Inc. (NASDAQ WWD) traded down $1.10 during trading on Monday, hitting $76.71. The stock had a trading volume of 239,100 shares, compared to its average volume of 274,162. Woodward, Inc. has a 1-year low of $65.22 and a 1-year high of $82.94. The company has a quick ratio of 1.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $4,697.60, a price-to-earnings ratio of 24.27, a P/E/G ratio of 1.88 and a beta of 1.24.
Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Woodward had a return on equity of 15.55% and a net margin of 9.55%. The business had revenue of $606.79 million for the quarter, compared to analyst estimates of $596.99 million. During the same quarter in the prior year, the company earned $0.99 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. equities research analysts expect that Woodward, Inc. will post 3.4 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, November 10th. Woodward’s dividend payout ratio is currently 15.82%.
In related news, Director Mary L. Petrovich sold 5,700 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $79.69, for a total value of $454,233.00. Following the transaction, the director now owns 27,904 shares of the company’s stock, valued at $2,223,669.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John A. Halbrook sold 1,800 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $70.60, for a total value of $127,080.00. Following the completion of the transaction, the director now directly owns 345,721 shares in the company, valued at approximately $24,407,902.60. The disclosure for this sale can be found here. 5.93% of the stock is currently owned by corporate insiders.
WWD has been the topic of a number of research reports. Zacks Investment Research cut Woodward from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. BidaskClub upgraded Woodward from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 29th. Wood & Company cut Woodward from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 26th. ValuEngine cut Woodward from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating and set a $82.00 price target on shares of Woodward in a research note 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. The stock currently has an average rating of “Hold” and an average target price of $77.71.
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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