Private Capital Group LLC raised its holdings in Woodward, Inc.Common Stock (NASDAQ:WWD) by 163.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,316 shares of the technology company’s stock after purchasing an additional 816 shares during the quarter. Private Capital Group LLC’s holdings in Woodward, Inc.Common Stock were worth $125,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of WWD. Norges Bank acquired a new position in Woodward, Inc.Common Stock during the 4th quarter worth $40,686,000. Federated Investors Inc. PA lifted its holdings in Woodward, Inc.Common Stock by 2,450.2% during the 3rd quarter. Federated Investors Inc. PA now owns 535,676 shares of the technology company’s stock worth $43,315,000 after buying an additional 514,671 shares during the last quarter. Pennsylvania Trust Co lifted its holdings in Woodward, Inc.Common Stock by 2,358.1% during the 1st quarter. Pennsylvania Trust Co now owns 291,085 shares of the technology company’s stock worth $24,281,000 after buying an additional 279,243 shares during the last quarter. Peregrine Capital Management LLC purchased a new stake in Woodward, Inc.Common Stock during the 1st quarter worth about $18,276,000. Finally, Nordea Investment Management AB purchased a new stake in Woodward, Inc.Common Stock during the 3rd quarter worth about $10,960,000. Institutional investors own 75.44% of the company’s stock.
In other Woodward, Inc.Common Stock news, insider Thomas A. Gendron sold 25,500 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $95.60, for a total transaction of $2,437,800.00. Following the sale, the insider now owns 231,400 shares in the company, valued at approximately $22,121,840. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robert F. Weber, Jr. sold 25,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $107.14, for a total value of $2,678,500.00. Following the transaction, the chief financial officer now directly owns 36,553 shares in the company, valued at approximately $3,916,288.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 209,510 shares of company stock worth $20,645,945. Insiders own 4.61% of the company’s stock.
A number of analysts have issued reports on WWD shares. BidaskClub raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Zacks Investment Research raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a report on Wednesday, March 20th. ValuEngine raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. SunTrust Banks boosted their target price on Woodward, Inc.Common Stock to $97.00 and gave the company a “buy” rating in a report on Tuesday, January 29th. Finally, Barrington Research set a $110.00 target price on Woodward, Inc.Common Stock and gave the company a “buy” rating in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $105.00.
NASDAQ WWD traded up $0.89 on Wednesday, hitting $113.50. 631,800 shares of the company’s stock were exchanged, compared to its average volume of 411,856. The company has a current ratio of 1.94, a quick ratio of 1.10 and a debt-to-equity ratio of 0.59. Woodward, Inc.Common Stock has a fifty-two week low of $68.40 and a fifty-two week high of $114.55. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 1.78 and a beta of 1.50.
Woodward, Inc.Common Stock (NASDAQ:WWD) last released its earnings results on Monday, April 29th. The technology company reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.35. The company had revenue of $758.84 million for the quarter, compared to analysts’ expectations of $661.88 million. Woodward, Inc.Common Stock had a return on equity of 19.75% and a net margin of 9.21%. The firm’s quarterly revenue was up 38.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. Equities analysts forecast that Woodward, Inc.Common Stock will post 4.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be issued a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, May 17th. Woodward, Inc.Common Stock’s dividend payout ratio is currently 16.88%.
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Woodward, Inc.Common Stock Company Profile
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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