Russell Investments Group Ltd. boosted its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 116.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,883 shares of the technology company’s stock after purchasing an additional 18,756 shares during the period. Russell Investments Group Ltd. owned about 0.06% of Woodward worth $2,707,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp increased its holdings in Woodward by 6.4% during the third quarter. Bank of New York Mellon Corp now owns 833,035 shares of the technology company’s stock valued at $64,652,000 after buying an additional 50,208 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in Woodward by 5.3% during the second quarter. Eagle Asset Management Inc. now owns 996,816 shares of the technology company’s stock valued at $67,364,000 after buying an additional 50,059 shares during the last quarter. Koch Industries Inc. purchased a new stake in Woodward during the second quarter valued at approximately $354,000. Nuance Investments LLC purchased a new stake in Woodward during the second quarter valued at approximately $2,985,000. Finally, Marshall Wace North America L.P. purchased a new stake in Woodward during the second quarter valued at approximately $5,861,000. Institutional investors own 72.12% of the company’s stock.
Shares of Woodward, Inc. (NASDAQ:WWD) traded up $2.66 during midday trading on Thursday, hitting $82.65. 398,785 shares of the stock were exchanged, compared to its average volume of 392,198. The company has a current ratio of 2.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $4,880.00, a PE ratio of 26.16, a PEG ratio of 1.95 and a beta of 1.24. Woodward, Inc. has a 1 year low of $65.22 and a 1 year high of $82.94.
Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. The firm had revenue of $606.79 million during the quarter, compared to analysts’ expectations of $596.99 million. Woodward had a net margin of 9.55% and a return on equity of 15.55%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 earnings per share. sell-side analysts expect that Woodward, Inc. will post 3.4 earnings per share for the current fiscal year.
WWD has been the subject of a number of research reports. BidaskClub raised shares of Woodward from a “hold” rating to a “buy” rating in a report on Saturday, September 23rd. Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Wood & Company cut shares of Woodward from an “outperform” rating to a “market perform” rating in a report on Thursday, October 26th. Oppenheimer reaffirmed a “market perform” rating and set a $82.00 target price on shares of Woodward in a report on Thursday, October 26th. Finally, SunTrust Banks upped their target price on shares of Woodward to $77.00 and gave the company a “hold” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Woodward presently has a consensus rating of “Hold” and a consensus target price of $77.71.
In other news, Director Mary L. Petrovich sold 5,700 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $79.69, for a total value of $454,233.00. Following the completion of the sale, the director now directly owns 27,904 shares of the company’s stock, valued at $2,223,669.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.17% of the company’s stock.
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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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