Westwood Holdings Group Inc. raised its holdings in Woodward Inc (NASDAQ:WWD) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 396,997 shares of the technology company’s stock after buying an additional 4,721 shares during the quarter. Westwood Holdings Group Inc. owned 0.65% of Woodward worth $30,387,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of WWD. McCollum Christoferson Group LLC acquired a new position in Woodward in the fourth quarter valued at approximately $214,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Woodward by 49.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,282 shares of the technology company’s stock valued at $251,000 after acquiring an additional 1,092 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Woodward during the fourth quarter valued at approximately $258,000. Kovack Advisors Inc. bought a new stake in shares of Woodward during the fourth quarter valued at approximately $260,000. Finally, Sawgrass Asset Management LLC bought a new stake in shares of Woodward during the third quarter valued at approximately $270,000. 74.44% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on WWD. 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 restated 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Woodward presently has a consensus rating of “Hold” and an average target price of $79.25.
Shares of Woodward Inc (NASDAQ WWD) opened at $74.03 on Friday. Woodward Inc has a 1-year low of $65.22 and a 1-year high of $89.30. The stock has a market capitalization of $4,535.97, a price-to-earnings ratio of 25.01, a P/E/G ratio of 1.81 and a beta of 1.27. 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 (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 0.77%. This is an increase from Woodward’s previous quarterly dividend of $0.13. Woodward’s dividend payout ratio is 20.96%.
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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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