Segall Bryant & Hamill LLC reduced its stake in Woodward Inc (NASDAQ:WWD) by 17.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,053 shares of the technology company’s stock after selling 15,873 shares during the period. Segall Bryant & Hamill LLC owned 0.12% of Woodward worth $5,591,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Millennium Management LLC boosted its stake in shares of Woodward by 2,900.7% during the fourth quarter. Millennium Management LLC now owns 607,709 shares of the technology company’s stock valued at $46,514,000 after purchasing an additional 587,457 shares in the last quarter. Carillon Tower Advisers Inc. bought a new position in shares of Woodward during the fourth quarter valued at approximately $38,817,000. Deutsche Bank AG boosted its stake in shares of Woodward by 180.4% during the fourth quarter. Deutsche Bank AG now owns 348,248 shares of the technology company’s stock valued at $26,652,000 after purchasing an additional 224,036 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Woodward by 487.1% during the fourth quarter. Renaissance Technologies LLC now owns 255,884 shares of the technology company’s stock valued at $19,585,000 after purchasing an additional 212,300 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Woodward during the fourth quarter valued at approximately $14,286,000. Institutional investors and hedge funds own 74.42% of the company’s stock.
A number of research firms have recently issued reports on WWD. Barrington Research reiterated a “market perform” rating on shares of Woodward in a research note on Tuesday, February 6th. BidaskClub upgraded shares of Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Zacks Investment Research downgraded shares of Woodward from a “hold” rating to a “sell” rating in a research note on Sunday, January 21st. Stephens set a $89.00 price objective on shares of Woodward and gave the company a “buy” rating in a research note on Monday. Finally, Cowen reissued a “hold” rating and set a $62.00 target price on shares of Woodward in a research report on Sunday, December 10th. One equities 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 company. The company has an average rating of “Hold” and an average target price of $80.13.
Shares of Woodward stock opened at $73.89 on Thursday. Woodward Inc has a 52-week low of $65.22 and a 52-week high of $89.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.35 and a current ratio of 2.77. The company has a market cap of $4,472.28, a P/E ratio of 27.17, a P/E/G ratio of 1.79 and a beta of 1.27.
Woodward (NASDAQ:WWD) last posted its earnings results on Monday, January 22nd. The technology company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.11). Woodward had a net margin of 8.10% and a return on equity of 14.04%. The firm had revenue of $470.14 million for the quarter, compared to analysts’ expectations of $472.14 million. During the same period in the previous year, the company earned $0.73 EPS. The company’s revenue was up 6.2% on a year-over-year basis. equities analysts forecast that Woodward Inc will post 3.4 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th were given a dividend of $0.1425 per share. This is a boost from Woodward’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.57 dividend on an annualized basis and a yield of 0.77%. Woodward’s dividend payout ratio is presently 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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