SG Americas Securities LLC increased its position in Woodward Inc (NASDAQ:WWD) by 617.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,921 shares of the technology company’s stock after acquiring an additional 11,120 shares during the period. SG Americas Securities LLC’s holdings in Woodward were worth $989,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WWD. Advisor Group Inc. grew its holdings in shares of Woodward by 9.8% in the 2nd 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. Wesbanco Bank Inc. acquired a new stake in shares of Woodward in the 3rd quarter worth approximately $203,000. Public Employees Retirement System of Ohio grew its holdings in shares of Woodward by 5.8% in the 2nd 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. McCollum Christoferson Group LLC acquired a new stake in shares of Woodward in the 4th quarter worth approximately $214,000. Finally, CAPROCK Group Inc. acquired a new stake in shares of Woodward in the 3rd quarter worth approximately $222,000. Institutional investors and hedge funds own 71.49% of the company’s stock.
WWD has been the topic of a number of analyst reports. Zacks Investment Research cut Woodward from a “hold” rating to a “sell” rating in a report on Friday, October 27th. ValuEngine cut Woodward from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Wood & Company cut Woodward from an “outperform” rating to a “market perform” rating in a report on Thursday, October 26th. BidaskClub cut Woodward from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Cowen reiterated a “hold” rating and set a $62.00 target price on shares of Woodward in a report on Sunday, December 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $79.25.
Shares of Woodward Inc (WWD) opened at $72.87 on Friday. The company has a market capitalization of $4,460.00, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 1.71 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. Woodward Inc has a fifty-two week low of $65.22 and a fifty-two week high of $89.30.
Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Monday, January 22nd. The technology company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.11). Woodward had a return on equity of 14.04% and a net margin of 8.10%. The business had revenue of $470.14 million for the quarter, compared to analysts’ expectations of $472.14 million. During the same period in the prior year, the company earned $0.73 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities research analysts forecast that Woodward Inc will post 3.4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Friday, February 16th. This is a positive change from Woodward’s previous quarterly dividend of $0.13. Woodward’s dividend payout ratio is currently 18.45%.
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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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