Woodward Inc (NASDAQ:WWD) saw a significant growth in short interest during the month of December. As of December 29th, there was short interest totalling 1,618,820 shares, a growth of 25.4% from the December 15th total of 1,290,461 shares. Currently, 2.9% of the shares of the stock are short sold. Based on an average daily volume of 220,283 shares, the short-interest ratio is currently 7.3 days.
Several research analysts have commented on WWD shares. Wood & Company lowered shares of Woodward from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered shares of Woodward from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. BidaskClub lowered shares of Woodward from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. ValuEngine lowered shares of Woodward from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Cowen reissued a “hold” rating and set a $62.00 target price on shares of Woodward in a research note on Sunday, December 10th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $79.25.
In other Woodward news, Director Mary L. Petrovich sold 5,700 shares of Woodward stock in a transaction on Monday, November 13th. The shares were 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 $2,223,669.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.17% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. lifted its stake in Woodward by 9.8% in the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock worth $112,000 after acquiring an additional 147 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Woodward by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock worth $148,000 after acquiring an additional 190 shares during the period. Wesbanco Bank Inc. purchased a new stake in Woodward in the third quarter worth about $203,000. Public Employees Retirement System of Ohio lifted its stake 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 worth $211,000 after acquiring an additional 171 shares during the period. Finally, CAPROCK Group Inc. purchased a new stake in Woodward in the third quarter worth about $222,000. 72.12% of the stock is owned by hedge funds and other institutional investors.
Shares of Woodward (NASDAQ:WWD) opened at $80.79 on Wednesday. The stock has a market cap of $5,030.00, a price-to-earnings ratio of 25.57, a PEG ratio of 2.02 and a beta of 1.24. Woodward has a one year low of $65.22 and a one year high of $84.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.28 and a current ratio of 2.39.
Woodward (NASDAQ:WWD) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. The firm had revenue of $606.79 million during the quarter, compared to analyst estimates of $596.99 million. Woodward had a net margin of 9.55% and a return on equity of 15.55%. The business’s 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. sell-side analysts predict that Woodward will post 3.43 EPS for the current fiscal year.
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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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